Cardif, the insurance arm of BNP
Paribas, has launched an insurance joint venture company that will
market savings and protection products in Vietnam in conjunction
with Vietcombank, Vietnam’s largest partly private lender by
assets, and regional lender SeAbank.

The new company, VCLI, 45 percent owned by
Vietcombank, 43 percent by Cardif, and 12 percent by SeAbank, has
already obtained a licence from the regulators authorising it to
operate throughout Vietnam.

VCLI will market its savings and protection
products via the branch networks of Vietcombank and SeAbank. Direct
marketing, telemarketing and online sales will also be

The joint venture builds on Cardif’s existing
distribution agreement with the two Vietnamese banks to sell
insurance and savings products, which dates back to 2007.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.