Insurance provider Dai-ichi Life Vietnam has received a licence to raise its capital to 117 million USD, from 100 million USD, so as to invest in new distribution channels in Vietnam.
The ceremony to mark Dai-ichi Life's 10th anniversary in Vietnam. (Source: VNA)
Hanoi (VNA) - Insurance providerDai-ichi Life Vietnam has received a licence to raise its capital to 117million USD, from 100 million USD, so as to invest in new distribution channelsin Vietnam.
With this go-ahead from the finance ministry,Dai-ichi Life Vietnam will become one of the top life insurance companies interms of market capitalisation in the country.
“Dai-ichi Life Vietnam commits to become a‘lifetime partner’ with Vietnam and Vietnamese people by striving to pioneernew aspects, bring significant change for the sake of the community and realiseour objective of becoming the best life insurer in Vietnam,” said TakashiFujii, chairman of Dai-ichi Life Vietnam.
In 2016, Dai-ichi Life Vietnam’s total premiumfor the year crossed 5,300 billion VND (235.5 million USD), an increase of 51 percentover 2015, and a 14.4-time rise since it was established in 2007.-VNA
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The ceremony to mark Dai-ichi Life's 10th anniversary in Vietnam. (Source: VNA) 
