National Assembly Vice Chairman Phung Quoc Hien said that solutions will focus on fine-tuning policies and mechanisms concerning insurance business, simplifying administrative procedures and intensifying supervision and inspection of insurance firms. The working session was held in Hanoi on August 23.
Speaking at the meeting, he hailed the firm for its contributions to Vietnam’s socio-economic development since it started operation in the country in 2000. He hoped AIA would continue expanding its services and products in Vietnam.
Acknowledging the firm’s proposals of the firm, he suggested sharing experience in building laws relating to insurance business and helping Vietnam improve the legal framework.
For his part, the President and Executive Director of AIA Mark Edward Tucker pledged to share skills on insurance operation with Vietnam, affirming the firm’s long-run business target.
AIA wishes to invest in Vietnam’s Government bond, especially long-term bond, he added.