In May, Dai-ichi Life Vietnam Insurance Company announced the cessation of operations at three business locations in Ho Chi Minh City.
These locations officially ceased operations on May 15, 2025, as per the company’s business plan. Customers are directed to continue transactions at nearby offices, with detailed information available on the official website of Dai-ichi Life Vietnam.
Prior to this, the company had also halted operations at several offices and business locations in other provinces and cities, including Tay Ninh, Tam Ky, and Quang Ninh. According to the company, the adjustment of the distribution system is in line with Dai-ichi Life Vietnam’s development orientation and optimization of business activities nationwide.
Dai-ichi Life Vietnam Insurance Company (Dai-ichi Life Vietnam), established on January 18, 2007, with 100% investment capital from Japan, is a member of the Dai-ichi Life Group – a life insurance enterprise with a history of over 122 years in Japan and currently among the world’s leading insurance groups.
In 2024, Dai-ichi Life Vietnam is estimated to have achieved a total insurance premium revenue of nearly VND 19,200 billion, corresponding to a 13.1% market share. Post-tax profit is estimated at over VND 2,100 billion, with nearly VND 1,000 billion contributed to the state budget. Total assets exceeded VND 75,000 billion, an increase of 13% compared to 2023.
According to the Vietnam Insurance Association, the total new insurance premium revenue for the whole market in the 12 months of 2024 is estimated at VND 24,512 billion, a decrease of 12.2% over the same period last year. Bao Viet Life led in new insurance premium revenue with VND 4,056 billion, followed by Dai-ichi Life with VND 3,655 billion, Prudential with VND 3,646 billion, Manulife with VND 2,319 billion, and FWD with VND 1,651 billion.
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