FWD group inks insurance distribution deal with Vietcombank
Insurer FWD Group confirmed on November 12 its purchase of Vietcombank-Cardif Life Insurance (VCLI), an unit of Vietnam’s largest listed lender by market value, Vietcombank.
Representatives of FWD Group and Vietcombank at the signing ceremony in Hanoi on November 12 (Photo baodautu.vn)
Hanoi (VNA) - InsurerFWD Group confirmed on November 12 its purchase of Vietcombank-Cardif Li𓂃fe Insurance (VCLI), an unitof Vie🗹tnam’s largest listed lender by market value, Vietcombank.
Vietcombank-Cardif Life Insurance is ajoint venture between the bank and BNP Paribas Cardif.
The transaction is subject to regulatoryapprovals, FWD and Vietcombank said.
During a signing ceremony held in Hanoi on November 12, FWD Group, the insurance arm of HongKong billionaire Richard Li’s investment group Pacific Century, also announcedthe group and Vietcombank have entered into anexclusive 15-year bancassurance partnership.
Under the agreement, Vietcombank will distribute FWD’s life insurance products, the bank said, without providingfurther financial details of the deal.
FWD Vietnam has a prominent advantage indigitalising all business processes, with a solid strategy of developingdiversified, simple and suitable products for each customer segment, which alignswith Vietcombank’s digital transformation strategies, said Nghiem Xuan Thanh, Chairman ofVietcombank.
Richard Li, Founder and Chairman of Pacific Century Group said the cooperation with Vietcombank is part of FWD's strategy to become a leading insurance distribution companyin Asia.
FWD has a presence in Hong Kong and Macau,Singapore, Japan, Thailand, Indonesia, Ma𒐪laysia, the Philippines, and Vietnam./.
As part of its first anniversary celebrations, FWD Vietnam Life Insurance Company Ltd gave gifts to inmates at the Thanh Loc Paralyzed Elder Nursing Centre in Ho Chi Minh City’s District 12 and the Centre for Social Protection No 4 in Ba Vi, Hanoi and its staff spent time with them and did voluntary work.
Insurer FWD Group Ltd. is nearing an agreement to pay about 400 million USD for a unit of the Bank for Foreign Trade of Vietnam JSC (Vietcombank), and a long-term insurance distribution agreement with the bank, Bloomberg reported.
Deputy Prime Minister Vuong Dinh Hue has proposed FWD Insurance of the Pacific Century Group participate in green financial funds for start-up and innovation projects in Vietnam.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Representatives of FWD Group and Vietcombank at the signing ceremony in Hanoi on November 12 (Photo baodautu.vn) 
