FWD VIETNAM LIFE INSURANCE COMPANY LIMITED (Vietnamese: CÔNG TY TNHH BẢO HIỂM NHÂN THỌ FWD VIỆT NAM) is a wholly foreign-owned life insurer operating in Vietnam since November 23, 2007. The company is licensed under Business ID 47GP/KDBH and holds Tax Identification Number 0102631572. Its head office is located on the 11th Floor of Diamond Plaza, No. 34 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City, with additional branches in Hanoi and Da Nang. The firm is entirely owned by FWD Life Insurance Company (Bermuda) Limited, headquartered in Hong Kong.

Chaired by Mr. David Tai Wai Wong, with Mr. Huynh Huu Khang as General Director, the company is structured as a limited liability entity and employed around 339 people as of the latest reported period.

As of fiscal year-end 2023, FWD VIETNAM reported total assets of USD 803.65 million, an increase of 7.54% year-over-year. This consistent growth in asset size over three years illustrates the company’s stable financial base and prudent capital management. The company’s equity reached USD 536.32 million, a 12.34% increase from the previous year, signaling stronger capitalization and higher retained earnings.

However, the most notable financial movement in 2023 is the sharp turnaround in profitability. After suffering consecutive losses of USD -43.6 million in 2021 and USD -69.18 million in 2022, the company reversed its trajectory by posting a net profit of USD 36.09 million in 2023. This represents a remarkable 152.16% year-over-year growth in profit, indicating either cost restructuring, improved underwriting, or a favorable investment environment.

Despite this positive development, total sales declined by 10.54% in 2023, from USD 246.35 million in 2022 to USD 220.39 million. This contraction is a cause for caution. It may reflect increased market competition, a cooling customer base, or regulatory limitations in acquiring new policies. A decline in topline revenue amidst profit recovery could also point to short-term gains that may not be sustainable without consistent growth in policy issuance or premium income.

Another strength lies in the company’s liquidity: working capital amounted to USD 233.84 million, providing a solid financial cushion for operational obligations and claim payouts. The paid-up capital, at USD 784.77 million, even exceeds the reported charter capital of USD 623.4 million, thereby reinforcing investor confidence in the parent company's long-term commitment.

From a risk management standpoint, FWD VIETNAM LIFE INSURANCE COMPANY LIMITED appears to have weathered previous financial difficulties and currently enjoys strong solvency metrics. However, partners and stakeholders should continue to monitor its revenue generation capacity closely. The life insurance industry is sensitive to shifts in consumer behavior, policy reforms, and capital market volatility—all of which can impact future performance.

Businesses considering partnerships, collaborations, or extended engagements with FWD VIETNAM are advised to conduct thorough due diligence beyond surface-level profitability. It is essential to assess not only financial statements but also the legal standing, shareholder stability, and market conduct history of the company.

For organizations looking to deepen their understanding of FWD VIETNAM’s business standing, litigation history, and financial risk exposure, VANGUARD BUSINESS INFORMATION LLC (VBI) offers comprehensive services in business verification, risk intelligence, and litigation search. VBI’s suite of services enables clients to make well-informed decisions grounded in factual, verifiable data.