Vietnam H1 profits down for Prudential, Dai-ichi Life, up for AIA
Foreign-invested life insurers in Vietnam have posted contrasting H1 post-tax profit figures, with that of Prudential down 40.5%, Dai-ichi Life's down 2.2%, and AIA’s up 19.2% year-on-year.

Prudential, AIA, Dai-Ichi, Manulife are top foreign life insurers in Vietnam. Photo courtesy of CafeF.
Prudential Vietnam
UK-invested Prudential Vietnam recorded a post-tax profit of VND1.34 trillion ($55.4 million) in the first six months of this year, down 40.5% year-on-year, according to the firm’s financial statements.
In H1, the firm earned revenues of VND12.64 trillion ($521.7 million) from insurance business, down 8.3% year-on-year; VND5.56 trillion ($229.5 million) from financial activities, up 2.4%; and VND12.1 billion ($0.5 million) from other activities, up 1.6%.
In particular, the firm’s insurance premiums reached VND12.93 trillion ($533.7 million), down 7.7% year-on-year; while it had to pay VND11.23 trillion ($463.4 million) for insurance indemnification, up 60.7%.
As of end-June 2023, Prudential Vietnam’s total assets inched up 3.9% from end-2022 to VND168.03 trillion ($6.9 billion); while its equity grew 6.9% to VND20.71 trillion ($854.5 million) and its liability increased 3.5% to VND147.32 trillion ($6 billion).
Prudential opened its first Vietnam representative office in Hanoi in 1995. The insurer expanded its bancassurance network to eight banks in 2019 and now operates over 360 agencies in all 63 provinces and cities of Vietnam.
AIA Vietnam
AIA Vietnam, under Hong Kong-based insurer AIA, recorded a post-tax profit of VND886.7 billion ($36.6 million) in January-June, up 19.2% year-on-year.
In the six-month period, AIA Vietnam earned revenues of VND7.57 trillion ($312.6 million) from insurance business, down 12.6% year-on-year; VND1.59 trillion ($65.7 million) from financial activities, up 32.4%; and VND9 billion ($0.4 million) from other activities, down 28.1%.
The firm’s total insurance premiums reached VND7.92 trillion ($326.8 million) in the period, down 12.1% year-on-year; while it had to pay VND5.27 trillion ($217.7 million) for insurance indemnification, down 0.4%.
As of end June 2023, AIA Vietnam’s total assets went up 5.3% from end-2022 to VND56.97 trillion ($2.4 billion); while its equity increased 6.4% to VND14.65 trillion ($604 million) and its liability grew 4.9% to VND42.32 trillion ($1.7 billion).
Launched in Vietnam in 2000, AIA now provides services to over 1.5 million Vietnam people. Its network features over 200 agencies in more than 50 provinces and cities, and six banks in its bancassurance system.
Dai-ichi Life Vietnam
Dai-ichi Life Vietnam, the Vietnamese subsidiary of Japan’s largest life insurer Dai-ichi Life, recorded a post-tax profit of VND1.28 trillion ($53.4 million) in H1, down 2.2% year-on-year, its financial statements show.
The insurer earned net revenues of VND9.44 trillion ($395.9 million) from insurance business, down 7.1% year-on-year; VND1.77 trillion ($74.3 million) from financial activities, up 49.8%; and VND2.1 billion ($88,070) from other activities, down 8.8%.
As of June 30, Dai-ichi Life Vietnam’s total assets reached VND62.37 trillion ($2.62 billion), up 7.5% from that on January 1. The insurer’s liability was VND42.93 trillion ($1.8 billion) and equity VND19.44 btrillion ($815.1 million), up 7.7% and 7% after six months, respectively.
Established in January 2007, Dai-ichi Life Vietnam now operates about 300 offices and agencies across the Southeast Asian nation, with over 2,000 staff and 114,000 financial consultants. Dai-ichi Life Vietnam’s business network is the third biggest in the sector in Vietnam, the insurer said.
According to the Insurance Association of Vietnam, Vietnamese life insurer Baoviet Life topped the nation in terms of insurance premiums in H1 of this year, followed by Manulife, Prudential, Dai-ichi Life and AIA.
Baoviet Life and Manulife, meanwhile, do not release half-year figures, only full-year results.
- Read More
Vietnam's sugar major Quang Ngai Sugar JSC posts lowest Q1 profit in 2 years
Quang Ngai Sugar JSC, owner of famous soy milk brand Fami in Vietnam, reported its weakest Q1 profit in two years as its sugar business struggled under pressure from smuggled and imported sugar, though the soy milk segment continued to support revenue.
Companies - Wed, May 7, 2025 | 11:14 am GMT+7
Listing, state capital divestment “blockbusters” catalysts for Vietnam's stock market
As Vietnam’s stock market enters an information lull following Q1 earnings releases and AGMs, recent news about major listing and state capital divestment plans are expected to be significant catalysts for the country's benchmark VN-Index.
Finance - Wed, May 7, 2025 | 8:17 am GMT+7
Construction of first locally-owned semiconductor factory begins in Vietnam
CT Semiconductor, a subsidiary of CT Group, has begun the second phase of construction on what is set to become Vietnam’s first semiconductor chip factory fully owned by a domestic company.
Southeast Asia - Tue, May 6, 2025 | 10:50 pm GMT+7
Japanese retailers step up business activities in Vietnam
Japanese retailers Aeon and Sumitomo have planned to expand their networks in Vietnam, Nikkei Asia reported on Monday.
Southeast Asia - Tue, May 6, 2025 | 10:39 pm GMT+7
Vietnam's budget carrier Vietjet sees 24% profit hike in Q1 on int’l growth surge
Vietjet Aviation JSC (HoSE: VJC) reported a 24% year-over-year increase in consolidated profit for Q1, driven by strong international expansion and operational excellence, reinforcing its leadership in regional connectivity.
Southeast Asia - Tue, May 6, 2025 | 10:35 pm GMT+7
Northern Vietnam city Hai Phong claims top spot for first time in Provincial Competitiveness Index
The coastal city of Hai Phong has, for the first time, topped the 2024 Provincial Competitiveness Index (PCI) with a score of 74.84, marking a significant milestone in its economic governance journey.
Southeast Asia - Tue, May 6, 2025 | 10:20 pm GMT+7
Malaysia initiates tariff talks with US
Malaysia is pushing forward tariff negotiations with the U.S., while implementing various policies to support local industries and strengthening efforts to seek new export markets.
Southeast Asia - Tue, May 6, 2025 | 10:12 pm GMT+7
ASEAN’s largest economy slows to lowest growth since Q3/2021
Official data released recently indicates that Indonesia's economic growth decelerated in Q1 due to weakened domestic consumption.
Southeast Asia - Tue, May 6, 2025 | 9:59 pm GMT+7
Vietnam's agri major BAF reports record livestock profit since listing
BAF Vietnam Agriculture JSC in Q1 posted its highest livestock profit since listing in late 2021, thanks to a surge in pig output and revenue that nearly doubled year-over-year.
Companies - Tue, May 6, 2025 | 9:36 pm GMT+7
Amkor views Vietnam 'strong market' despite US tariff uncertainties
Amkor Technology, a U.S.-headquartered semiconductor firm, sees Vietnam a strong market in the mid and long term despite tariff uncertainties under the Trump administration, said an executive.
Investing - Tue, May 6, 2025 | 4:40 pm GMT+7
Over $7.7 bln in Vietnam's private placement corporate bonds to mature in last 3 quarters
More than VND200 trillion ($7.7 billion) in privately-placed corporate bonds will mature in the final three quarters of this year, with the real estate sector accounting for half, according to independent credit rating provider S&I Ratings.
Finance - Tue, May 6, 2025 | 4:16 pm GMT+7
Sumitomo to halve equity interest in $2.58 bln thermal power plant in central Vietnam
Sumitomo has decided to transfer 50% of the Japanese giant's equity interest in its wholly-owned operator of the $2.58 billion Van Phong 1 coal-fired power plant in Vietnam’s central province of Khanh Hoa.
Energy - Tue, May 6, 2025 | 3:54 pm GMT+7
Singapore's CapitaLand Development forms strategic partnership with Vietnam's Vinhomes
CapitaLand Development has expanded in Vietnam with two major moves - a strategic collaboration agreement with leading local developer Vinhomes and the unveiling of The Fullton, a $800 million low-rise residential project in Hung Yen province.
Real Estate - Tue, May 6, 2025 | 2:56 pm GMT+7
Vietnam's disbursed FDI in 4 months posts five-year record high
Registered foreign direct investment (FDI) in Vietnam hit $13.82 billion in the first four months of the year, up 39.9%, while disbursed capital reached $6.74 billion, up 7.3% and marking a record high in five years.
Economy - Tue, May 6, 2025 | 2:12 pm GMT+7
Vietnam's Politburo requests prioritizing administrative measures to handle economic violations, instead of criminal prosecution
The Politburo, Vietnam's highest decision-making body, has ordered amendments to legal regulations to ensure that administrative measures are prioritized in handling civil and economic cases.
Economy - Tue, May 6, 2025 | 12:30 pm GMT+7
EC postpones Vietnam’s seafood inspection until year end
The European Commission (EC) has delayed its fifth inspection of Vietnam's efforts to combat illegal, unreported and unregulated (IUU) fishing to the end of 2025, according to the Ministry of Agriculture and Environment (MAE).
Southeast Asia - Tue, May 6, 2025 | 8:53 am GMT+7