Insurer FWD sees Vietnam as key market in Asian growth strategy
On the afternoon of August 24 at the Ministry of Finance Deputy Minister Le Tan Can held a meeting with a senior delegation from insurance group FWD led by the group CEO Huynh Thanh Phong
Vietnam is emerging as a key market for international insurers, according to insurer FWD. Deputy Minister Can praised FWD's contributions to developing Vietnam's insurance market, recognizing that economic growth and increasing household incomes in the country are driving demand for financial protection. Currently, insurance premium revenue in Vietnam makes up around 1.8 percent of GDP, with approximately 12 million life insurance policies in force for a population of over 100 million.
With its "golden population" structure, Vietnam presents strong foundations for international insurance groups to expand their operations and offer specialized products such as retirement insurance and personal financial solutions. Insurance assets in Vietnam exceeded VND1.2 quadrillion ($47 billion) in the first eight months of 2026, up 10.2 percent year-on-year, with investment back into the economy reaching nearly $40.5 billion and total insurance technical reserves surpassing $30.5 billion.
FWD Vietnam, which has been operating in the country for a decade, reported a positive growth trajectory, with charter capital of $749 million and total assets of $948 million in 2025, up 10.1 percent. The company's total investments increased by 21.3 percent, reaching $52.4 million. FWD Vietnam's strategic bancassurance partnership with Vietcombank saw a 29 percent growth in the first seven months of 2026, with new business premium from the banking channel accounting for 67 percent of the total new business premium revenue.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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