Office the fourth opened this year and Ace Life's 30th in Vietnam.
ACE Life, the global life insurance division of the ACE Group, announced on September 22 the opening of a new office in Hue. Located at 26 Ly Thuong Kiet Street, the office will be home to more than 300 agents and staff. Similar to other ACE Life offices in the country, the new Hue office is well-equipped with high-quality facilities to support the company’s sales force.
The new office is the fourth to be opened by ACE Life this year and is its 30th in Vietnam. Besides being part of ACE Life’s expansion plan to bring its services closer to local residents, the Hue office is also a key transaction office in the central region. Located in one of the country’s strategic economic zones, Hue is one of the largest trade and service centers in Vietnam, and the opening of the office and its business growth are critical for ACE Life’s sustained expansion in the central region.
“The opening of the office in Hue has been part of our business plan for some time,” said Mr. Lam Hai Tuan, Chairman and Country President of ACE Life in Vietnam. “This is the right time for us to open the new office so we can provide ACE Life’s innovative products and services to residents in Hue and surrounding areas. With an official place to trade in the area, we have delivered on our commitment to local residents that we pledged during the ceremonies for school rebuilding projects ACE Life has sponsored in the area over recent years.”
After ten years of operations in Vietnam, ACE Life now possesses an agency network operating in 28 cities and provinces with more than 13,400 professional agents. Recent expansions are part of the ACE Life’s growth strategy, which aims to build a strong distribution network to not only support ACE Life’s business but also to affirm its long-term commitment to Vietnam.