Cathay Life is in the Top 500 Most Profitable Enterprises in Vietnam in 2024

The award is organized by Vietnam Report Joint Stock Company in collaboration with VietNamNet Newspaper.

This is the second year Cathay Life Vietnam has been honored to receive the award, excellently achieving 76/500 position in the rankings, up more than 80 places compared to 2023 and ranked fourth in the Top Largest Life Insurance Companies in Vietnam.

Cathay Life is in the Top 500 Most Profitable Enterprises in Vietnam in 2024 - 1

The PROFIT500 award was announced by VietnamNet newspaper - Ministry of Information and Communications - based on the results of independent research and evaluation by Vietnam Report on business performance and good profitability of enterprises in 2023. In addition to the profit criteria, this result is also based on revenue, total assets of the enterprise, total number of employees...

The insurance industry has been hit by a lot of negative news lately, with job opportunities scarce. Global economic fluctuations and financial instability have also left companies exposed to a host of challenges.

In that context, Cathay said it has made continuous efforts to improve and develop a talent attraction policy with clear remuneration and promotion pathways, focusing on developing a team of consultants with skills and qualities through annual training programs, digital training, protecting customer rights and as well as a sense of social responsibility, aiming to provide top-notch services.

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Cathay Life Vietnam complies with business policies in accordance with legal regulations. Over the past 16 years, the company's commitment to the market has been to continuously innovate and create diverse and superior product lines to meet the different needs of customers across the country.

The company's core goal in the next few years is "full-time organization", so Cathay continues to improve its ability to support sales staff in various digital-oriented tasks, combined with various types of systematic training, building a strong and capable management team.

In addition, Cathay Life Vietnam will also continue to affirm its strengths in the field of information technology, aiming to become the leading insurance company in Asia.

Following the motto "Always respect customers, aiming for perfect service", the Company is gradually affirming its progress through developing service channels in the digital age, in order to meet the increasingly perfect customer service needs.

In addition to its efforts for sustainable growth, Cathay Life Vietnam is a leading enterprise in implementing social responsibility through meaningful community support programs across the fields of education, health, and social charity with a total contribution of more than 15 billion VND to date, contributing to bringing positive changes and building a better life for the Vietnamese people.

With the vision of becoming the most professional insurance company in Vietnam, Cathay Life Vietnam constantly improves its products and services, bringing optimal protection solutions to customers. This year's award will be a motivation for Cathay Life to continue its efforts to bring the best values to customers, creating a breakthrough momentum in the coming years.