~ Le Viêt Nam, aujourd'hui. ~
The Vietnam News

[Year 1997]
[Year 1998]
[Year 1999]
[Year 2000]
[Year 2001]

Germany's Allianz wins Vietnam insurance licence

HANOI - Wednesday that it had been awarded, together with its French subsidiary AGF, a general insurance licence in Vietnam.

It said in a statement Allianz and AGF would become the first foreign insurers to have a wholy-owned subsidiary in Vietnam.
In line with the countrys regulations the licence has been granted for 30 years.
Allianz said said the joint Allianz-AGF subsidiary will offer general insurance including personal accident, property and casualty, transit, fire and loss of profit insurance to foreign corporations and individuals.

Allianz said its main focus will be ``to write industrial and engineering business for foreign investment enterprises.''

Reuters - July 7, 1999.