The Vietnam State Bank on Oct. 10 licensed Prudential Vietnam to establish a financial company.

This event is a breakthrough in that Prudential Vietnam is the first foreign financial institution to establish a financial company right in the credit market of Vietnam.

Mr Mark Tucker, general director of Prudential Group, stressed, “after the first successful issuing of investment fund certificates last month, the foundation of the financial company helps affirm Prudential’s long-term development pledge in Vietnam.

Prudential Vietnam has operated in Vietnam for 7 years in the field of life insurance. Prudential Vietnam became the first foreign invested company legally to operate in retail finance with the birth of the Financial Management Company in 2005.

Source: VNN

Translated by Mai Huong