Prudential Vietnam official launch new customer service center in Phan Thiet, Binh Thuan

On May 09th, 2006, Prudential Vietnam officially launched the customer service center at 02-04 Nguyen Thi Minh Khai Street, Phan Thiet city, Binh Thuan province.

The center was put into operation to mark a new advance in business development of Prudential in potential central area. The launching increased number of the customer service center to 25 in nationwide. The center will support customers in insurance transactions as well as provide better in service to customers in the province and neighboring areas.

10/05/2006

Awarded life insurance licenses for Dongguan and Foshan, CITIC Prudential continues to expand in China

Prudential announced today that its life insurance joint venture, CITIC Prudential, has been awarded life insurance licenses for Dongguan and Foshan, two large cities in China’s Guangdong province. These two licenses continue Prudential’s well planned expansion into the rapidly growing Chinese life insurance market. Prudential is now the only European life insurer with licenses to operate in 6 Chinese cities

Dongguan and Foshan are key cities in Guangdong province, which lies adjacent to the Hong Kong Special Administrative Region in southern China. With a population of 6.4 million, Dongguan is the province’s second largest city. Foshan with 5.6 million people is ranked fourth. The cities of were chosen because of their strategic location and market appeal. Last year, these cities recorded GDP growth of 20 and 16 percent respectively.

Dan Bardin, Chief Executive of Insurance, Prudential Corporation Asia, said, “Guangdong province is one of China’s largest and fastest growing regions. When combined with our existing Guangzhou operation, these two new licenses will give us an operating presence in three of the four largest cities in Guangdong province. It also demonstrates our ongoing commitment to building a material life insurance business in China.”

Captain Chia, CEO China CITIC Prudential Life added, “These new offices will benefit enormously from the knowledge and successes of our existing operations. As is the case with all our operations in China, we will focus on building high quality distribution and offering a wide range of savings and protection products.”

Enhancing this momentum in the China market, CITIC Prudential announced a further milestone at the end of January 2005 – the awarding of a license by the China Insurance Regulatory Commission (CIRC) to sell group life insurance in the Chinese market.

CITIC Prudential continues to grow its presence in China and is reaching out to more customers. In 2000 it opened its Guangzhou branch, and in August 2003 its Beijing branch opened for business. In September 2004 CITIC Prudential Suzhou commenced operation and the company plans to open its Shanghai office in May 2005. CITIC Prudential now has a network of over 8,000 staff and agents in China.

23/02/2005

"Chief Finance Office's Competence" final contest

(Vietnam Economic News) The team including three girls – Bui Xuan Dung, Nguyen Thi Thuy and Luong Thi Thao – all from the Corporate Finance Department of the Ho Chi Minh City University of Economics has defeaded two other teams and won first prize in the final round of the contest “CFO Competence”, taking place in HCMC from December 5 to 19, 2004. The contest, organized by the department of Corporate Finance of the HCMC University of Economics and sponsored by Prudential Vietnam, attracted 2,200 contestants from as may as 18 universities in HCMC.

“CFO Competence” is a new and helpful forum for Vietnamese students who are interested in the finance and banking sector. It also offer business and organization opportunities tp select, employ and to train potential students to become professional finance experts.

01/01/2005

 


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