Manulife Financial Corp. : Manulife Vietnam awarded Certificate of Merit by the Ministry of Finance

10-Jan-2014 Intellasia | 4-traders | 6:00 AM Print This Post

HCM City- Manulife Vietnam, one of the leading life insurers in the market, has been honoured with the Certificate of Merit by the Ministry of Finance (MOF) for its outstanding contribution in building and developing the Vietnamese insurance market. This is the second time that Manulife Vietnam has received this Certificate.

“Manulife Vietnam is proud to be one of few life insurers to be awarded this Certificate, especially on the 20th anniversary of the Vietnamese insurance market. This is great encouragement to our constant efforts and contributions in providing customers with a wide range of world-class professional life insurance products and services,” said Indren Naidoo – Regional Chief Executive Officer of Manulife’s operations in Thailand, Vietnam and Cambodia. “We appreciate the recognition of the MOF and are continuously committed to our core strategies of developing the most professional agency force and pioneering the best insurance products and services to meet the ever-changing needs of the Vietnamese people,” he said.

2013 was a successful year for Manulife Vietnam. Over the first nine months of the year, Manulife Vietnam delivered total premiums and deposits of VND 1.853 billion, an increase of 21 per cent compared tothe same period last year. Annualised premium equivalent of the third quarter was reported at a record high of VND 240 billion,36 per cent higher than the same period of 2012.Manulife Vietnam was also honourably awarded “Sustainable Development Business 2013″ by the Vietnam Enterprises Institute under its annual “Trust Brand” Index survey.

About Manulife Vietnam

Operating in Vietnam since June 1999, Manulife Vietnam – the first 100 per cent foreign-owned life insurance company licensed in Vietnam – provides financial services to hundreds of thousands of customers through a network of professionally qualified agents. On 14 June 2005, Manulife Vietnam Fund Management Company Limited, whose name was changed to Manulife Asset Management (Vietnam) Company Limited in November 2010, a wholly owned local subsidiary of Manulife Vietnam, was granted license to operate a fund management and portfolio management services company, further expanding Manulife Vietnam’s product offerings for its customers.

As one of the top players in the market, Manulife Vietnam offers a wide range of innovative life insurance products which are supported by the most effective and value-added services on the market today. Whatever their stage in life, Manulife Vietnam can help its clients feel more financially secure with a life insurance plan that meets their specific needs – whether it’s family protection, education, pension or investment solutions.

Besides distributing through its agency force, Manulife Vietnam cooperates with banking partners to meet increasing market demand. In addition, through the Vietnam Women’s Union, Manulife Vietnam has developed a micro-insurance programmefor low-income women in support of the government’s goal to universalise insurance knowledge, contribute to the social welfare, decrease poverty and promote the saving habit among Vietnamese.

About Manulife Financial

Manulife Financial is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Clients look to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife Financial and its subsidiaries were approximately C$575 billion (US$559 billion) as at 30 September 2013. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States.

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ’945′ on the SEHK. Manulife Financial can be found on the Internet at manulife.com.

For more information, please contact:

In Vietnam:

Tran Phu Anh Tuan

Head of Marketing

Manulife (Vietnam) Limited

Tel: (84-8) 5416 6888

Fax: (84-8) 5416 1818

Email: [email protected]

In Asia:

Queenie HY Yuen

Regional Communications

Manulife Financial,

Tel: (852) 2202 1749

Fax: (852) 2510 5889

[email protected]

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Category: Finance

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