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BIDV MetLife in Vietnam

The partnership leverages the strengths of MetLife’s global expertise and financial stability and BIDV’s strong local brand and market insights to create a trusted and modern life insurance provider in Vietnam.

As a joint venture between MetLife Limited (under MetLife Group) and  Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), BIDV MetLife offers a comprehensive range of innovative financial, life insurance and benefit solutions distributed through BIDV’s large branch network of over 800 distribution points nationwide.

BIDV MetLife combines MetLife’s global expertise and financial strength with BIDV’s deep understanding of the domestic market to become a modern and reliable insurance and financial solution provider in Vietnam.

BIDV

Founded in 1957, Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is the bank with the longest history in Vietnam. BIDV is the 2nd largest bank in Vietnam and a diversified financial group with business activities in the fields of banking, securities, insurance and financial investment. With more than 24,000 well-qualified and well-trained officers, employees and financial consultants, BIDV serves both individual customers and institutions with an extensive network of 190 branches and more than 800 distribution points, spanning 63 provinces and cities nationwide. BIDV also has a commercial presence in a number of countries including Laos, Cambodia, Myanmar, and the Czech Republic; and several joint ventures in Vietnam with other foreign partners.

BIDV has the biggest corporate customer portfolio in Vietnam credit institution system, including big corporations and SMEs.

In 2013, BIDV has been awarded the Domestic Cash Management Bank of the Year by Asian Money Magazine, and awarded the Top 10 most famous brand name in Vietnam for three consecutive years (2011, 2012, 2013).

2017 is the 3rd continuous year that BIDV was appointed to be “Best Retails Banking in Vietnam” by the prestiged The Asian Banker magazine. BIDV has been awarded Top 30 banks with biggest asset in Southeast Asia, top 1,000 best banks in the world by The Banker magazine.

MetLife in Asia -  World-Class Capabilities, Regional Expertise

MetLife’s Asia story started in Bangladesh over 60 years ago. Leveraging on the solid foundation and world-class competencies of MetLife Inc., MetLife in Asia has adopted a nimble approach to each market across the region. In recent years, MetLife advances its strategy to capitalize on growth opportunities in emerging markets, and further expands its footprint into fast growing and profitable Southeast Asia insurance markets including Malaysia, Vietnam and Myanmar. MetLife has successfully established a diversified geographical footprint in Asia that spans 11 markets.

MetLife has recorded rapid and robust growth in its Asia businesses.

Today, MetLife’s Asia operations have already become a significant contributor to MetLife’s global earnings, and that contribution is on track to accelerate.

Capitalizing on its global investment and insurance expertise, best-in-class capabilities, and its local business know-how, MetLife is set to create real momentum and growth in the region, supporting a key pillar of MetLife’s enterprise strategy.