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HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM)

Active

Business ID 0305774706

84-28 / 3914 9100

HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM)

Active

Business ID 0305774706

84-28 / 3914 9100

HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM)

Active

Summary

Name:

HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM)

Business ID (TIN):

0305774706

Date of Registration:

12 Jun 2008

Registered Office:

Ministry of Finance

Address:

14th Floor, Fideco Tower, No. 81-85, Ham Nghi Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3914 9100

Fax:

(84-28) 3914 9101

Financial Statement:

2020, 2021, 2022, 2023, 2024

HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM), tax code 0305774706, is a 100% foreign-owned life insurance enterprise operating in Vietnam since June 12, 2008. Headquartered at 14th Floor, Fideco Tower, No. 81–85 Ham Nghi Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City, the company also maintains strong regional presence through branches in Hanoi and Dak Lak, as well as a major representative office in District 3, Ho Chi Minh City.

This subsidiary of Hanwha Life Insurance Company Limited, headquartered in Seoul, South Korea, operates under a limited liability structure and is fully backed by its Korean parent, which holds 100% equity ownership. It is registered with the Ministry of Finance to provide a full suite of life insurance products in Vietnam’s growing insurance market.

Financially, HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM) has shown resilient asset growth and rising profitability, despite a contraction in sales in 2023. Its total assets grew 14.5% year-on-year, reaching USD 755.37 million, and equity increased to USD 221.11 million, a 17.35% rise. The company’s net profit rose sharply by 58.3% to USD 32.69 million, reflecting improved underwriting or investment gains, even as sales declined by 11.64% to USD 152.61 million.

The firm’s working capital remains solid at USD 288.36 million, reinforcing its strong liquidity and operational flexibility. These indicators place Hanwha Life Vietnam among the country's most financially sound life insurers. From a risk management perspective, this positions the company as a low-risk counterparty for reinsurers, business partners, and regulatory stakeholders.

Led by Mr. Back J. K. as Chairman cum Director and supported by Chief Accountant Ms. Le T. P. D., the company employs 247 staff and maintains a lean, efficient corporate structure. Its paid-up capital stands at USD 200.94 million, signifying a strong capital base compared to its peers in the insurance sector. The company is actively expanding its coverage and customer base, although the sales contraction in 2023 may reflect broader market or regulatory challenges.

For stakeholders and analysts working with Vietnam private financial data, HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM) represents a case of sound foreign investment yielding profitable returns. From business verification standpoints, the combination of high equity, sustained asset growth, and strategic backing from a globally recognized financial group make it a benchmark for FDI operations in Vietnam’s financial services landscape.

In summary, HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM) remains a high-performing insurer with strong fundamentals and a stable outlook. While revenue dipped in the past year, the sharp rise in profits and equity expansion reflects robust internal controls and strategic resilience in Vietnam’s maturing life insurance industry.

Legal Profile

English Name:

HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM)

Vietnamese Name:

CONG TY TNHH BAO HIEM HANWHA LIFE VIET NAM

Short Name:

HANWA LIFE VIETNAM

Business ID (TIN):

0305774706

Date of Registration:

12 Jun 2008

Registered Office:

Ministry of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ BACK J.K

+ LE T.P.D

Address:

14th Floor, Fideco Tower, No. 81-85, Ham Nghi Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3914 9100

Fax:

(84-28) 3914 9101

Branch:

3rd & 4th Floor, Pacific Place Building, No. 83B, Ly Thuong Kiet Street, Tran Hung Dao Ward, Hoan Kiem District, Ha Noi City, Vietnam

Branch:

3rd Floor, Post Office Building, Group 6, No. 01-03, No Trang Long Street, Tan Tien Ward, Buon Ma Thuot City, Dak Lak Province, Vietnam

Representative office:

1st - 6th Floor, No. 100, Nguyen Thi Minh Khai Street, District 3, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

6511 Life insurance

NACE:

65.11 Life insurance

NAICS:

524113 Direct Life Insurance Carriers

Industry Sales Growth

CAGR (2019 - 2023)

YoY (2023)

Companies by industry

Company distribution and propportions

438

0.0151%

Key Industry Players

Top 10 companies in life insurance industry

aia (vietnam) life insurance company limited prudential vietnam assurance private ltd cathay life insurance vietnam co., ltd. chubb life insurance vietnam company limited hanwha life insurance company limited (vietnam) life insurance generali viet nam limited company manulife (vietnam) company limited fwd vietnam life insurance company limited mb ageas life insurance company limited sun life vietnam insurance company limited

Payment History

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Financial Performance

Assets	87.13%
Owner’s Equity	-31.30%
Working Capital	-78.16%
Net Worth	-75.70%
Sales	79.14%
Operating income	-43.20%
EBIT	81.76%
Gross Profit Margin	74.06%
Debt to EBITDA	69.70%

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Specific Questions About HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM)

When did HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM) start operating?

HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM) was started in 12 Jun 2008

What industry does HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM) operate in?

HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM) is operating in "Life insurance" industry

How can I contact HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM)?

HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM) phone numbers is 84-28 / 3914 9100

What adverse news is there about HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM)?

HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM)’s has no negative news

What is stock symbol of HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM)?

HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM) is not listed company

Where is the location of HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM)?

HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM) is located at 14th Floor, Fideco Tower, No. 81-85, Ham Nghi Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City, Vietnam

What is HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM)’s business registration?

HANWHA LIFE INSURANCE COMPANY LIMITED (VIETNAM) business registration is 0305774706

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