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SUN LIFE VIETNAM INSURANCE COMPANY LIMITED

Active

Business ID 0312149397

84-28 / 62985888

SUN LIFE VIETNAM INSURANCE COMPANY LIMITED

Active

Business ID 0312149397

84-28 / 62985888

SUN LIFE VIETNAM INSURANCE COMPANY LIMITED

Active

Summary

Name:

SUN LIFE VIETNAM INSURANCE COMPANY LIMITED

Business ID (TIN):

0312149397

Date of Registration:

24 Jan 2013

Registered Office:

Ministry of Finance

Address:

Floor L29, L30, Vietcombank Tower Building, No. 5, Cong Truong Me Linh, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Phone:

84-28 / 62985888

Fax:

(84-28) 62985999

Financial Statement:

2020, 2021, 2022, 2023, 2024

SUN LIFE VIETNAM INSURANCE COMPANY LIMITED
(CÔNG TY TNHH BẢO HIỂM NHÂN THỌ SUN LIFE VIỆT NAM) is a 100% foreign-owned enterprise (FDI) and a strategic part of the global financial services group Sun Life Assurance Company of Canada. Officially licensed on January 24, 2013, and operating under Business ID 68GP/KDBH and TIN 0312149397, the company has emerged as one of Vietnam's leading life insurance providers.

Headquartered at Vietcombank Tower, No. 5 Công Trường Mê Linh, Bến Nghé Ward, District 1, Ho Chi Minh City, SUN LIFE VIETNAM maintains a strong nationwide presence with branches in Hà Nội and Đà Nẵng, reflecting its strategic commitment to long-term operations across Vietnam. The company has a legal business duration of 50 years and employs over 500 personnel to serve clients across diverse regions and sectors.

In 2023, SUN LIFE VIETNAM reported total assets of USD 855.96 million, marking a 9.48% increase from the previous year, supported by a robust capital base of USD 677 million in paid-up capital. However, the company faced a 20.21% decline in sales, dropping to USD 169.59 million, and posted a net loss of USD 37.87 million. This loss, though significant, was a substantial recovery from the deeper deficits recorded in previous years. Owner’s equity stood at USD 451.31 million, down 7.74% year-over-year, while the company maintained a solid working capital position of USD 84.84 million.

Led by Chairwoman Ms. Eng Kim Yeoh and General Director Mr. Lý Thành Nhơn, SUN LIFE VIETNAM continues to focus on expanding its footprint in Vietnam’s rapidly evolving insurance market. Its core offering is life insurance, with a strategic emphasis on personalized financial protection and investment-linked policies tailored to the needs of Vietnamese families and professionals.

From the standpoint of VANGUARD BUSINESS INFORMATION LLC (VBI), this company qualifies as a key player for institutions seeking Business Verification Services in the life insurance domain. While the declining sales and negative profitability warrant careful financial review, SUN LIFE VIETNAM's strong asset base and Canadian ownership structure reflect low insolvency risk. Partners, reinsurers, and vendors are advised to consult VBI's Risk Management Services, Private Financial Data, and Vietnam Litigation Reports for enhanced due diligence.

In summary, SUN LIFE VIETNAM INSURANCE COMPANY LIMITED is a resilient, internationally backed insurer navigating market headwinds while preserving long-term financial stability. With the support of global expertise and a growing Vietnamese market, the company remains a strategic name to watch in the financial services landscape of Vietnam.

Legal Profile

English Name:

SUN LIFE VIETNAM INSURANCE COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH BẢO HIỂM NHÂN THỌ SUN LIFE VIỆT NAM

Business ID (TIN):

0312149397

Date of Registration:

24 Jan 2013

Registered Office:

Ministry of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ ENG K.Y

+ LY T.N

Address:

Floor L29, L30, Vietcombank Tower Building, No. 5, Cong Truong Me Linh, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Phone:

84-28 / 62985888

Fax:

(84-28) 62985999

Branch:

2nd Floor, PVI Building, No. 168, Tran Thai Tong Street, Mai Dich Ward, Cau Giay District, Ha Noi City, Vietnam

Branch:

3rd Floor, 135 Nguyen Van Linh Building, Vinh Trung Ward, Thanh Khe District, Da Nang 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)

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	-16.34%
Owner’s Equity	-92.01%
Working Capital	-66.14%
Net Worth	-43.13%
Sales	-16.59%
Operating income	65.68%
EBIT	71.23%
Gross Profit Margin	26.50%
Debt to EBITDA	-30.27%

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Specific Questions About SUN LIFE VIETNAM INSURANCE COMPANY LIMITED

When did SUN LIFE VIETNAM INSURANCE COMPANY LIMITED start operating?

SUN LIFE VIETNAM INSURANCE COMPANY LIMITED was started in 24 Jan 2013

What industry does SUN LIFE VIETNAM INSURANCE COMPANY LIMITED operate in?

SUN LIFE VIETNAM INSURANCE COMPANY LIMITED is operating in "Life insurance" industry

How can I contact SUN LIFE VIETNAM INSURANCE COMPANY LIMITED?

SUN LIFE VIETNAM INSURANCE COMPANY LIMITED phone numbers is 84-28 / 62985888

What adverse news is there about SUN LIFE VIETNAM INSURANCE COMPANY LIMITED?

SUN LIFE VIETNAM INSURANCE COMPANY LIMITED’s has no negative news

What is stock symbol of SUN LIFE VIETNAM INSURANCE COMPANY LIMITED?

SUN LIFE VIETNAM INSURANCE COMPANY LIMITED is not listed company

Where is the location of SUN LIFE VIETNAM INSURANCE COMPANY LIMITED?

SUN LIFE VIETNAM INSURANCE COMPANY LIMITED is located at Floor L29, L30, Vietcombank Tower Building, No. 5, Cong Truong Me Linh, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

What is SUN LIFE VIETNAM INSURANCE COMPANY LIMITED’s business registration?

SUN LIFE VIETNAM INSURANCE COMPANY LIMITED business registration is 0312149397

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