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MANULIFE (VIETNAM) COMPANY LIMITED

Active

Business ID 0301774984

84-28 / 5416 6888 - 5416 0708

MANULIFE (VIETNAM) COMPANY LIMITED

Active

Business ID 0301774984

84-28 / 5416 6888 - 5416 0708

MANULIFE (VIETNAM) COMPANY LIMITED

Active

Summary

Name:

MANULIFE (VIETNAM) COMPANY LIMITED

Business ID (TIN):

0301774984

Date of Registration:

24 Jan 2005

Registered Office:

Ministry Of Finance

Address:

Manulife Plaza, No. 75, Hoang Van Thai Street, Tan Phu Ward, District 7, Ho Chi Minh City, Vietnam

Phone:

84-28 / 5416 6888 - 5416 0708

Fax:

(84-28) 5416 1818

Financial Statement:

2020, 2021, 2022, 2023, 2024

As analyzed by VANGUARD BUSINESS INFORMATION LLC (VBI), MANULIFE (VIETNAM) COMPANY LIMITED is a major player in Vietnam’s life insurance and financial investment sector. The company operates as a foreign direct investment (FDI) entity and is a subsidiary of MANULIFE FINANCIAL CORPORATION, a Canada-based global financial services provider. Registered under Business ID 13/GPDC/KDBH, it was established on January 24, 2005, and has been in operation for over 20 years. Headquartered at Manulife Plaza, No. 75, Hoang Van Thai Street, Tan Phu Ward, District 7, Ho Chi Minh City, Vietnam, the company also maintains branches in Hanoi, Dong Nai, and Tien Giang, expanding its national presence.

Financial Performance and Business Growth

According to VBI’s corporate financial analysis, MANULIFE (VIETNAM) COMPANY LIMITED has shown significant financial growth despite challenges in revenue generation. As of December 31, 2023, the company reported total assets of USD 4.87 billion, marking an 11.52% year-over-year increase. Its owner’s equity rose by 17.52% to USD 1.15 billion, reflecting strong financial stability.

However, total sales saw a 20.02% decline, dropping to USD 864.87 million in 2023, compared to USD 1.08 billion in 2022. Despite this, the company achieved a profit of USD 134.35 million, representing a 27.64% increase from the previous year. This turnaround from previous financial losses highlights effective business risk management and cost optimization strategies, as observed by VBI’s risk intelligence services.

Corporate Structure and Management

MANULIFE (VIETNAM) COMPANY LIMITED is a limited liability company with full ownership by MANULIFE FINANCIAL CORPORATION (Canada). The company is managed by a team of experienced executives, including:

Kimberly Wade Fleming (General Director, Canadian)
Tran Thi Kim Cuong (General Director, Vietnamese)
Koh Hoe Shin (Director, Singaporean)

With 810 employees, the company plays a crucial role in Vietnam’s insurance market, providing a broad range of life insurance and investment products. As detailed in VBI’s business intelligence reports, MANULIFE (VIETNAM) COMPANY LIMITED maintains a strong leadership position, leveraging foreign expertise and local market knowledge.

Business Activities and Market Position

As reported in VBI’s due diligence assessments, MANULIFE (VIETNAM) COMPANY LIMITED specializes in trading life insurance and financial investments. The company’s registered business activity is life insurance, which aligns with its parent company’s global strategy. With its expansive market presence and diverse insurance products, the company remains one of Vietnam’s leading life insurance providers.

Challenges and Future Outlook

Based on VBI’s market intelligence and competitive analysis, MANULIFE (VIETNAM) COMPANY LIMITED faces challenges in revenue growth, as indicated by its 20.02% decline in total sales in 2023. This downturn suggests shifts in consumer demand, regulatory impacts, or market competition. However, the company’s profitability growth (27.64%) and equity expansion (17.52%) demonstrate its financial resilience.

To maintain its competitive advantage and business sustainability, VBI recommends strategic measures such as:

Expanding digital insurance solutions to cater to evolving customer needs.
Enhancing risk assessment and financial stability strategies to mitigate market volatility.
Strengthening customer retention and acquisition strategies through innovative insurance products.

With a solid financial foundation and robust corporate governance, MANULIFE (VIETNAM) COMPANY LIMITED is well-positioned for long-term growth in Vietnam’s evolving financial services industry. VANGUARD BUSINESS INFORMATION LLC (VBI) will continue to monitor its financial stability, business risks, and market trends, ensuring comprehensive insights for industry stakeholders.

Legal Profile

English Name:

MANULIFE (VIETNAM) COMPANY LIMITED

Vietnamese Name:

CONG TY TNHH MANULIFE (VIET NAM)

Short Name:

MANULIFE VIETNAM

Business ID (TIN):

0301774984

Date of Registration:

24 Jan 2005

Registered Office:

Ministry Of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ KIMBERLY W.F

+ TRAN T.K.C

+ KOH H.S.(.H

+ DAM X.T

+ LE T.H.T

Address:

Manulife Plaza, No. 75, Hoang Van Thai Street, Tan Phu Ward, District 7, Ho Chi Minh City, Vietnam

Phone:

84-28 / 5416 6888 - 5416 0708

Fax:

(84-28) 5416 1818

Branch:

Green Park Building, No. 29, Nguyen Dinh Chieu Street, Le Dai Hanh Ward, Hai Ba Trung District, Ha Noi City, Vietnam

Branch:

The Pegasus Building, No. 55, Vo Thi Sau Street, Quyet Thang Ward, Bien Hoa City, Dong Nai Province, Vietnam

Branch:

Tien Giang Post Office Building, No. 71, Nam Ky Khoi Nghia Street, Ward 4, My Tho City, Tien Giang Province, Vietnam

Branch:

Becamax Building, No. 230, Binh Duong Avenue, Phu Hoa Ward, Thu Dau Mot City, Binh Duong Province, Vietnam

Branch:

No. 308, Phan Chu Trinh Street, An Xuan Ward, Tam Ky City, Quang Nam Province, Vietnam

Branch:

No. 164A, Nguyen Tat Thanh Street, Ward 8, Ca Mau City, Ca Mau Province, Vietnam

Branch:

Viettel Binh Thuan Building,Hung Vuong Residential Area, Phu Thuy Ward, Phan Thiet City, Binh Thuan Province, Vietnam

Branch:

No. 4, Hoang Van Thu Street, Thai Nguyen City, Thai Nguyen Province, Vietnam

Branch:

No. 175, Tran Phu Street, Ba Dinh Ward, Thanh Hoa City, Thanh Hoa Province, Vietnam

Branch:

No. 537, Nguyen Van Linh Street, Hien Nam Ward, Hung Yen City, Hung Yen Province, Vietnam

Branch:

No. 118, Huu Nghi Street, Nam Ly Ward, Dong Hoi City, Quang Binh Province, Vietnam

Branch:

No. 53, Tran Hung Dao Street, Soc Trang City, Soc Trang Province, Vietnam

Branch:

No. 24, Ly Thai To Street, Dai Phuc Ward, Bac Ninh City, Bac Ninh Province, Vietnam

Branch:

Petro Vietnam Builsing, No. 8, Hoang Dieu Street, Ward 1, Vung Tau City, Ba Ria - Vung Tau Province, Vietnam

Branch:

Viettel Yen Bai Building, Tran Hung Dao Street, Group 3, Hong Ha Ward, Yen Bai City, Yen Bai Province, 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)

15.19%

YoY (2023)

-12.41%

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	47.70%
Owner’s Equity	-98.27%
Working Capital	-11.31%
Net Worth	-76.44%
Sales	50.90%
Operating income	-76.48%
EBIT	17.91%
Gross Profit Margin	56.97%
Debt to EBITDA	57.98%

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Owner's Equity

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Company Standard Report

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EBITDA

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Historical Information

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Subsidiary and Affiliated Company

Management and Directors

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Business Operation

Suppliers

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Credit Limit

Industry Information

Key Industry Players

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Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About MANULIFE (VIETNAM) COMPANY LIMITED

When did MANULIFE (VIETNAM) COMPANY LIMITED start operating?

MANULIFE (VIETNAM) COMPANY LIMITED was started in 24 Jan 2005

What industry does MANULIFE (VIETNAM) COMPANY LIMITED operate in?

MANULIFE (VIETNAM) COMPANY LIMITED is operating in "Life insurance" industry

How can I contact MANULIFE (VIETNAM) COMPANY LIMITED?

MANULIFE (VIETNAM) COMPANY LIMITED phone numbers is 84-28 / 5416 6888 - 5416 0708

What adverse news is there about MANULIFE (VIETNAM) COMPANY LIMITED?

MANULIFE (VIETNAM) COMPANY LIMITED’s has no negative news

What is stock symbol of MANULIFE (VIETNAM) COMPANY LIMITED?

MANULIFE (VIETNAM) COMPANY LIMITED is not listed company

Where is the location of MANULIFE (VIETNAM) COMPANY LIMITED?

MANULIFE (VIETNAM) COMPANY LIMITED is located at Manulife Plaza, No. 75, Hoang Van Thai Street, Tan Phu Ward, District 7, Ho Chi Minh City, Vietnam

What is MANULIFE (VIETNAM) COMPANY LIMITED’s business registration?

MANULIFE (VIETNAM) COMPANY LIMITED business registration is 0301774984

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