Prudential plc Chief Executive Officer Anil Wadhwani met with Vietnam’s Deputy Prime Minister Ho Duc Phoc this week, emphasising Vietnam’s strategic importance to the insurer’s Asia and Africa operations and reaffirming its long-term commitment to the country.
Prudential has been operating in Vietnam for more than 26 years and was the first foreign insurer to establish a representative office in the country in 1999. Today, it serves more than 1.3 million customers through Prudential Vietnam Assurance Private Limited.
“I am both excited and confident on the growth potential of Vietnam,". Mr. Anil Wadhwani, CEO of Prudential plc, said. "It is one of the most vibrant and fastest growing economies in Asia. We have been serving the Vietnamese consumers for almost three decades by bringing them innovative solutions that help them build financial security and in addressing their health and protection needs. Drawing on our global experience, we are committed to working in partnership with policymakers and regulators to continue our support of the Government’s economic growth agenda, deepening of capital markets, and contribute to the successful development of Vietnam as an international financial centre.”
Prudential Vietnam, together with its asset management arm Eastspring Vietnam, is the country’s largest foreign life insurer and a leading asset manager. The group is actively engaged in supporting the government’s plans to develop Ho Chi Minh City and Da Nang as international financial centres, contributing technical expertise and advocating international best practices in capital markets.
Over the years, Prudential has reinvested insurance funds into Vietnam’s economy through government bonds, corporate bonds, and listed equities. It is currently the largest foreign life insurer holding government and corporate bonds, with a total portfolio valued at VND90,652 billion ($3.49 billion).
In its business results for the first half of 2025, Prudential Vietnam reported total claims expenses and other insurance benefits of more than VND7,410 billion ($285.0 million), an increase of 8.5 per cent year on year. This figure accounts for more than one-quarter of total claims and benefits paid across the Vietnamese life insurance market, estimated at around VND29,000 billion ($1.12 billion).
The company also reported a solvency margin ratio of 206 per cent, reflecting a stable capital position and continued capacity for disciplined reinvestment.
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