Prudential plc CEO reinforces long-term commitment to Vietnam during market visit

Deputy Prime Minister Ho Duc Phoc (R) meets with Anil Wadhwani (L), Chief Executive Officer of Prudential plc on Jan. 8, 2026. Photo courtesy of Prudential

Prudential has operated in Vietnam for more than 26 years and was the first foreign insurer to establish a representative office in the country in 1999. Through Prudential Vietnam Assurance Private Limited, the company currently serves more than 1.3 million customers nationwide.

During the meeting, Wadhwani said he remained excited and confident in Vietnam's growth prospects, describing the country as one of Asia's most dynamic and fast-growing economies. He noted that Prudential has served Vietnamese consumers for nearly three decades by providing solutions aimed at financial security, health, and protection needs.

"Drawing on our global experience, we are committed to working in partnership with policymakers and regulators to continue supporting the government's economic growth agenda, deepen capital markets, and contribute to Vietnam's successful development as an international financial center," Wadhwani said.

Deputy Prime Minister Ho Duc Phuc, Prudential' representatives, and other delegates at a meeting on Jan. 8, 2026. Photo courtesy of Prudential

Prudential Vietnam, together with its asset management arm Eastspring Vietnam, is among the country's leading insurers and asset managers. The group has been involved in initiatives supporting the government's vision to develop Ho Chi Minh City and Da Nang into international financial centers, including the provision of technical expertise and the promotion of international best practices in capital markets.

The company has also emphasized the importance of aligning regulations with international standards, strengthening risk-based capital frameworks, and encouraging product innovation to attract long-term and stable investment while supporting the deepening of Vietnam's capital markets.

Over the years, Prudential has reinvested insurance funds into Vietnam's economy through government bonds, corporate bonds, and listed equities. It is currently the largest foreign life insurer holding government and corporate bonds, with a portfolio valued at VND90,652 billion (US$3.45 billion).

Deputy Prime Minister Ho Duc Phoc (C) and other delegates at a reception on Jan. 8, 2026. Photo courtesy of Prudential

According to its business results for the first half of 2025, Prudential Vietnam reported total claims expenses and other insurance benefits exceeding VND7,410 billion ($282 million), an increase of 8.5% year on year.

This figure accounts for more than 25% of total claims and benefits paid nationwide, estimated at approximately VND29,000 billion. The company also reported a solvency margin ratio of 206%, indicating stable capital strength and capacity for continued reinvestment.