Deputy PM expects Prudential to further invest in Government bonds

Tuesday, 2018-03-06 06:12:11
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Deputy PM Vuong Dinh Hue receives Prudential Group Regulatory & Government Relations Director Julian Adams (credit: VGP)
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NDO - Deputy Prime Minister Vuong Dinh Hue praised Prudential Group for being an effective investor in Vietnamese Government bonds and expressed his hope that the insurance group will continue to expand investments in this area.

The Vietnamese Government official made his remarks while receiving Prudential Group Regulatory & Government Relations Director Julian Adams in Hanoi on March 5.

Deputy PM Hue noted that Vietnam is restructuring its public debts, including the issuance and attraction of investments in long-term Government bonds, emphasising his desire for further investment and the generation of diverse products from Prudential in this area.

The Government official said that Vietnam is developing a strategy to expand the coverage of social insurance, including the purchase of insurance through private life insurers, boosting the prospects for both the life and non-life insurance market in Vietnam.

Julian Adams said that Prudential pledged a long-term presence in Vietnam, 2019 will mark the 20th anniversary of operations in Vietnam and will see it become the largest life insurer in the country.

The group leader added that Prudential is willing to cooperate on and share long-term saving needs with Vietnam and the group committed to work with the Government to overcome the challenges of an aging population.