The opening of Fubon Life Vietnam marked the official entrance of Fubon Life into the Vietnam insurance market, making it a regional life insurance company in Asia!
The kindly support from Vietnam and Taiwan government deserve the credit mostly.
With the opening of Fubon Life Vietnam, Fubon FHC’s business in Vietnam has covered the area of banking, property insurance and life insurance, making it the best financial and insurance partner for Taiwanese enterprises and local residents in the country.
With the economics and GDP growth of Vietnam, the demand for insurance and investment has been increasing substantially. We believe that there will be a great potential in insurance market in Vietnam.
Fubon Life Vietnam will hold Fubon FHC’s core value of “Integrity, Friendliness, Professionalism and Innovation” and leverage the resources of local branches of Taipei Fubon Bank and the subsidiary of Fubon Property Insurance to duplicate the successful experience of Fubon Life Taiwan in brand awareness building, professional training & education, award-winning customer service and effective multi-channel strategy to provide the best banking and insurance service for Taiwanese enterprises and local residents in the country.
To fulfill the corporate social responsibility, Fubon Life Vietnam pays attention to insurance education of Vietnam. Fubon Life Vietnam will offer 40 scholarships for outstanding students of insurance department at colleges around the country to develop insurance education and also build local insurance professionals. It is not only the commitment to local market but also demonstrates the importance of Vietnam market for Fubon Life.
Fubon Life, the parent company of Fubon Life Vietnam, has been highly recognized for its solid performance in Taiwan. In 2011, its Total Premium has reached 438.2 billion NT dollars, which is 34.7% higher than the previous year, making it the second largest life insurance provider in the market. Fubon FHC has a total asset of 3.47 trillion NT dollars (by the end of 2010), and is the second largest public-listed financial holding company in Taiwan. The company has been actively exploring oversea markets, expecting to provide Taiwanese businessmen and local residents of Asian countries with the most comprehensive one-stop-shopping banking and insurance services.