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Major compBig investors place trust in Vietnam economyanies are eager to do business in Vietnam with an increasingly longer outlook towards the future.

AIA Group Limited Chief Executive Officer Mark Adward Tucker made the statement at a reception given by Deputy Prime Minister Vu Van Ninh in Hanoi on January 21.

Tucker said many big foreign companies acknowledge the Vietnamese government’s efforts in containing inflation and maintaining reasonable economic growth, boosting their confidence in the national economy.

He noted that AIA has operated profitably since it was licensed in Vietnam in 2009. The group plans to inject an additional US$30 million into this market after having received approval from the Ministry of Planning and Investment.

Deputy PM Ninh congratulated the insurance group on its outstanding performance in 2012 despite local and global economic difficulties.

He said Vietnam is currently restructuring its economy and renovating the growth model to achieve sustainable development.

This year, he said, the government will deal with bad debts burdening enterprises and banks, and mobilise resources for infrastructure construction.

Stabilising the macroeconomy is the primary task of Vietnam, he told his guest.

Vietnam possesses great potential for developing the insurance industry, but will only reward services and products meeting its market’s specific needs, said the Deputy PM.

He recommended that the American Insurance group, with its experience and powerful financial capacity, invest in Vietnam’s worthy undertakings like infrastructure development or involve itself in financial-banking reforms, including insurance and securities companies.

(VOV)

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