How will Manulife Vietnam operate in fiscal year 2022?

On April 13, Manulife Vietnam announced that this insurance company has total revenue of VND 33,095 billion in fiscal year 2022.

Also in this fiscal year, Manulife Vietnam paid nearly VND7,000 billion in insurance benefits to customers, an increase of 36% over the previous year.

According to the announcement, Manulife Vietnam's total assets increased significantly, reaching VND106,379 billion - an increase of 14% compared to the previous year. Manulife Vietnam also recorded a profit in 2022, although in 2021, the company recorded a loss due to a sharp decline in interest rates leading to an increase in technical provisions.

Manulife staff advise customers

Manulife Vietnam continues to maintain a solid financial foundation with charter capital of VND 22,220 billion and a solvency margin far exceeding the statutory requirement.

According to Mr. Sang Lee, General Director of Manulife Vietnam, with the strategy of distributing insurance through a number of exclusive banks, the company continues to bring access to financial solutions to many customer groups.

The company has also adopted a number of digital applications to make insurance more accessible, “with secure, fast and convenient transaction tools”.

Ng. Hai

Source: https://nld.com.vn/kinh-te/manulife-viet-nam-hoat-dong-ra-sao-trong-nam-tai-chinh-2022-20230413201552929.htm