Mr. Dinh Tien Dung, Member of the Central Party - Finance Minister, Mr. Pham Van Canh, Standing Deputy Secretary of Provincial Party Committee - Chairman of Binh Duong province People’s Council, Mr. Le Thanh Cung, Deputy Secretary of Provincial Party Committee - Chairman of Binh Duong province People’s Committee, Mr. Tran Van Nam, Vice chairman of Binh Duong Province People’s Committee, leaders of provincial departments and agencies, insurance businesses and 113 enterprises attended the program.
Thanks to the efforts of insurance companies and substantial supports of Binh Duong province People’s Committee, insurers initially determined damages of businesses and soon deployed a compensation plan. There were 113 businesses that suffered loss and damages were advanced VND 114.7 billion compensation. Among recipients were 87 Taiwanese investors, 3 from Singapore, 4 from Hongkong, 3 from Korea with the total compensation of VND 59.5 billion, VND 28.3 billion, 21.8 billion and VND 3.3 billion respectively. Insurance companies that paid advance compensation were Fubon, Bao Viet, Bao Minh, Pijico, Cathay, MSIG, Samsung Vina, etc.
Representative of Fubon Insurance Company (Taiwan) offering advance insurance compensation for businesses
Representative of Bao Viet Insurance Company offering advance insurance compensation for businesses
Representative of Bao Minh Insurance Company offering advance insurance compensation for businesses
Mr. Dinh Tien Dung, Finance Minister
Speaking at the program, Finance Minister Dinh Tien Dung said that the advance of insurance money, once again, demonstrated the commitment and responsibility of insurance businesses to insured customers. The money was necessary for affected businesses to recover from the consequences and resume normal operations. The event also confirms the important role of insurance to the economy in general and to organizations, individuals and businesses… in specific against unexpected mishaps.
The Minister also confirmed that Vietnamese Government is committed to ensuring a safe and healthy investment environment for investors. The Ministry of Finance directed insurance companies to take prompt action to determined damage and soon offer compensation. Simultaneously, the Ministry demanded the People’s Committee of localities to create more favorable conditions and support insurers while offering compensation.
Hoang Pham