Deputy Prime Minister Ho Duc Phoc receives Mr. Mark Tucker, Chairman of AIA Group.

(Chinhphu.vn) - On the afternoon of December 12th, at the Government Headquarters, Deputy Prime Minister Ho Duc Phoc received Mr. Mark Tucker, Chairman of AIA Group.

Deputy Prime Minister Ho Duc Phoc receives Mr. Mark Tucker, Chairman of AIA Group - Photo: VGP/Tran Manh

During the meeting, Deputy Prime Minister Ho Duc Phoc expressed his pleasure in receiving Mr. Mark Tucker, Chairman of AIA - a leading global life insurance group; operating in Vietnam with very high growth rates; and making significant contributions to Vietnam's socio-economic development.

The Deputy Prime Minister stated that Vietnam is currently focusing on implementing breakthrough solutions to develop its socio-economic sector, striving to become a developed country by 2045. With the increasing average income of the people, the demand for insurance in various regions, as well as among households and the general population, is also growing.

Vietnam is determined to build an independent and self-reliant economy, coupled with active and proactive integration into the international community in a comprehensive, substantive, and effective manner. To achieve double-digit growth in the coming period, Vietnam will continue to focus on implementing three strategic breakthroughs (improving institutions; developing human resources; and building infrastructure), while simultaneously promoting socio-economic development based on the application of high-tech science and technology, innovation, digital transformation, and artificial intelligence.

During the past term, Vietnam has built a series of groundbreaking projects, such as Long Thanh Airport, a modern airport with the 6th largest capacity in the world. Vietnam also aims to complete 3,000 km of expressways by 2025… In addition, Vietnam has also built world-class seaports such as Cai Mep-Thi Vai Port and Dinh Vu Port…

Currently, Vietnam is building Gia Binh Airport, one of the 10 largest airports in the world; is commencing construction on a high-speed railway project (Lao Cai-Hanoi-Hai Phong, approximately $8 billion); and is promoting investment in the North-South high-speed railway project worth approximately $67 billion…

In the financial sector, Vietnam has enacted a legal framework for virtual assets; established international financial centers in Da Nang and Ho Chi Minh City; the Vietnamese stock market has also developed very strongly; in the future, Vietnam will focus on developing green finance, the cryptocurrency market, as well as promoting the insurance industry and improving the social security system.

Highly appreciating AIA's operations in Vietnam, the Deputy Prime Minister expressed his hope that the group would continue to invest in Vietnam in indirect or direct forms (such as investing in bonds, innovation, etc.) with a sustainable investment model that both develops the business and meets the payment needs of policyholders.

The Chairman of AIA highly appreciated the efforts of the Vietnamese Government in developing the insurance sector and enhancing customer confidence in the insurance market, especially the recent passage of a new law by the National Assembly that simplifies business conditions.

Expressing interest in developing an international financial center in Vietnam, Mr. Mark Tucker stated that, with many years of experience operating in the international market, AIA Group can advise on optimal models in the construction and operation of international financial centers, as well as provide consulting on insurance, finance, and banking; and the application of science and technology and digital transformation in the insurance sector.

Mr. Mark Tucker, Chairman of AIA Group, affirmed that AIA wishes to continue investing and cooperating long-term in the Vietnamese market, making practical contributions to Vietnam's socio-economic development.

Regarding the establishment of an international financial center, Deputy Prime Minister Ho Duc Phoc stated that Vietnam has consulted the best and most effective experiences, selecting suitable models for application. Currently, Vietnam is developing decrees regulating activities within the financial center. The mechanisms within the center are unique and superior (taxes, customs, fees, land lease, financial payment mechanisms, foreign exchange management), expanding beyond other policies.

"We hope that the International Financial Center will create breakthroughs and pioneer in Vietnam's socio-economic development, thereby attracting more capital, as well as high technology and quality human resources," the Deputy Prime Minister emphasized, expressing his welcome to the interest and hope that the Chairman of AIA Group will invest in Vietnam's International Financial Center.

The Deputy Prime Minister also discussed with the Chairman of AIA Group the potential for cooperation between AIA and leading Vietnamese businesses (both state-owned and private) as well as state agencies (tax, customs, treasury, etc.) in the fields of science, technology, innovation, digital transformation, etc., in the spirit of mutual benefit and win-win cooperation. The Deputy Prime Minister wished AIA Group continued success and even greater brilliance.

Founded in Shanghai in 1919, AIA Group is a leading life insurance company in Asia. After more than a century of operation, AIA has a presence in 18 Asian markets. As of June 30, 2025, AIA's total assets reached US$328 billion.

In Vietnam, over 25 years of establishment and development, AIA Vietnam has achieved many positive results: Premium revenue is among the top 5 leading life insurance companies in the market, reaching VND 14,829 billion in 2024, estimated at VND 15,736 billion in 2025 (accounting for approximately 10% market share). As of June 2025, the charter capital is VND 8,724 billion, the company's total assets are VND 67,557 billion (in 2024) and are estimated to reach VND 75,112 billion in 2025.

In Vietnam, AIA is also actively involved in social activities; over the past five years, AIA Vietnam has spent nearly VND 140 billion on charitable and sustainable development activities.

Tran Manh

Source: https://baochinhphu.vn/pho-thu-tuong-ho-duc-phoc-tiep-ong-mark-tucker-chu-tich-tap-doan-aia-102251212172622073.htm