This is the 15^th insurance service provider operating in Vietnam. The life insurer has a charter capital of VND1,000 billion, of which 51 percent is owned by PVI.

In Vietnam, PVI specialises in life insurance, non-life insurance, reinsurance, and other financial services. It is making up 21 percent of the country’s life insurance market share and the largest non-life insurance service provider.

Sun Life Assurance Company is a wholly-owned subsidiary of Sun Life Financial - one of the top ten financial groups in Canada, with a total asset of more than CAD494 billion. The group is operating in major world markets such as the US, Britain, Ireland, Japan, India and Hong Kong.

At the inauguration ceremony, Deputy Prime Minister Vu Van Ninh confirmed that the Vietnamese government is making every effort to improve its investment environment to attract foreign businesses to operate in the long term in the country.

Canadian Foreign Minister John Baird said his government encourages its leading businesses to seek cooperation opportunities with their Vietnamese counterparts.

Deputy Minister of Finance Tran Xuan Ha handed over the license to PVI Sun Life representatives. 

VOV