PM wishes Italian insurer success in Vietnam

ABO/VNA – Prime Minister Nguyen Xuan Phuc wished the Italian life insurance group Generali success in doing business in Vietnam during his reception in Hanoi on June 22 for the group’s Director General Philippe Donnet and the Italian Ambassador to Vietnam Cecilia Piccioni.

Prime Minister Nguyen Xuan Phuc (R) and Philippe Donnet, Director General of the Italian life insurance group Generali (Photo: VNA)

The PM said the life insurance market in Vietnam is still small, but with a population of nearly 100 million, the market has great potential for development.

He stressed that with stable socio-political situation, extensive international integration and full adherence to commitments to the World Trade Organisation, Vietnam provides a good environment for economic growth and the development of life insurance market.

Philippe Donnet said he was impressed by Vietnam’s growth in the past time, noting that the growth is a favourable condition for the development of the life insurance market.

According to Donnet, his group has gained certain success during its nearly one decade operation in Vietnam. He expressed his hope that the Vietnamese Government and the Prime Minister will facilitate the group’s business.

In response, PM Phuc said Generali, which is the leading life insurance company in Italy, should adopt suitable operation methods and cooperate with Vietnamese partners and agencies to increase the number of people participating in life insurance.

The Government leader reiterated the Vietnamese Government’s intention to continue refining institutions and policies to facilitate foreign investors’ operation in Vietnam, including in the insurance sector.    

He urged Philippe Donnet and the Italian Ambassador to campaign for the Italian Government’s support and adoption of the Vietnam-EU Free Trade Government.

The PM asked Ambassador Cecilia Piccioni to work closely with the Vietnamese side to well organize the celebration of the 45th anniversary of Vietnam-Italy diplomatic relations this year.

(Source: VNA)