Journey of efforts according to sustainable development strategy

Shinhan Life Vietnam entered the Vietnamese life insurance market at a time of great turmoil due to the Covid-19 pandemic and the impact of the global economic crisis. As a new company in the construction phase, Shinhan Life Vietnam has taken advantage of its “latecomer” advantage to flexibly change its strategy quickly, in order to adapt and develop sustainably in the new situation.

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Shinhan Life Vietnam has taken advantage of the “latecomer” advantage to flexibly change its strategy to adapt and develop sustainably in the new situation. Photo: Shinhan Life Vietnam

“Shinhan Life Vietnam’s goal is to become an insurance company that is loved by Vietnamese people. Therefore, in addition to business activities, we aim for a cooperative relationship for mutual development, contributing to the economic development and social security of Vietnam. We strive to build Shinhan Life Vietnam into a company where employees and insurance agents always feel happy and proud to work,” affirmed Mr. Bae Seung Jun, General Director of Shinhan Life Vietnam.

From this orientation, Shinhan Life has consistently followed a sustainable development strategy, linking business development with social responsibility. At the same time, the company has continuously introduced superior financial solutions to better meet people's actual insurance needs in the new context, along with strong investment in technology to optimize operational efficiency, enhance data security, and enhance customer service experience.

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After more than 3 years of operation, Shinhan Life Vietnam now has more than 100 employees and more than 200 consultants for all distribution channels. Photo: Shinhan Life Vietnam

Taking people as the center of development, Shinhan Life Vietnam strives to build an ideal working environment for employees, while empowering the workforce with many opportunities to develop their own capabilities. Thanks to flexible leadership policies, after more than 3 years of operation, the company has now developed into a strong group, consisting of more than 100 employees and more than 200 consultants for all distribution channels.

During the past journey, Shinhan Life Vietnam life insurance brand has also received the trust and love of the community through many volunteer activities, contributing to improving the quality of life of the disadvantaged, such as the program of donating treatment costs to children with leukemia in difficult circumstances at the City Children's Hospital, giving free lunches to patients' families, etc.

In particular, long-term Corporate Social Responsibility (CSR) programs, in which the company has invested significant financial resources to develop a sustainable future for Vietnamese youth, have brought about positive impacts in recent times.

Initial encouraging achievements

After more than 3 years of continuous efforts with the spirit of "One Shinhan", the Korean insurer has achieved encouraging initial achievements. For example, in 2023, despite many fluctuations in the market, Shinhan Life Vietnam still gradually developed with total revenue reaching 391 billion VND, an increase of 73% compared to the previous year.

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Shinhan Life Vietnam wins double awards at HR Asia Awards 2024

Recently, Shinhan Life Vietnam was honored with two titles: "Best Workplace in Asia 2024" and "Best Employee Care Company 2024" by HR Asia, the leading prestigious human resources magazine in Asia.

Mr. Bae Seung Jun, General Director of Shinhan Life Vietnam, shared: “At Shinhan Life Vietnam, the development of the enterprise always goes hand in hand with the development of each employee. We always prioritize building the best working environment, creating opportunities for employees to develop their abilities, promoting a culture of employee engagement, along with competitive compensation and benefits policies.”

Previously, Shinhan Life Vietnam was also honored in the Top 50 Outstanding FDI Enterprises in 2023 at the 23rd Golden Dragon Awards. This is a prestigious award, given to FDI enterprises that have made continuous efforts, while encouraging innovation, green transformation and sustainable development, contributing positively to the development of the Vietnamese economy. This award is a recognition of the efforts on the journey of sustainable development, contributing to social security and economic development of Vietnam during the company's early business period in Vietnam.

“As a new life insurance company in the market, the initial positive business results and recognition from society, prestigious domestic and international organizations through awards for Shinhan Life Vietnam, will motivate us to do better every day,” the company's General Director expressed.

Quoc Tuan