SUN LIFE VIETNAM INSURANCE COMPANY LIMITED

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.