Sun Life Vietnam is expanding its capital to improve its role in insurance and the capital market, following a planned approach to grow and invest.

The Ministry of Finance has supported Sun Life Vietnam’s plan to boost its charter capital from VNĐ17.944 trillion to VNĐ18.434 trillion ($711.2 million). By using this approach, the company is strengthening its operations in both insurance and the capital market of Vietnam.

The move to increase capital supports Sun Life’s efforts to increase financial strength, operate in more areas and create better experiences for customers. Thanks to the upgrade, the company now ranks among the top leaders in the Vietnamese insurance industry based on charter capital.

It demonstrates Sun Life Canada Group’s strong belief in the Vietnamese capital market, as shown by its increasing activities, base of customers and service network. Part of a global financial services company, Sun Life Vietnam is contributing to the progress and variety in Vietnam’s capital and insurance market.

At the end of March 2025, Sun Life supported $1,130 trillion in global assets, affirming its ability to provide safe, flexible and sustainable financial solutions. The company’s larger investment in Vietnam shows they are committed to shaping the nation’s economy and finance for the long run.