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Prudential Vietnam has long been recognized as one of the top contributors to the state budget in Ho Chi Minh City, reflecting its commitment to legal compliance and to the socio-economic development of Vietnam. According to aggregated data, Prudential Vietnam paid more than 5,190 billion VND in corporate income tax to the state budget during 2016–2025. The company notes that fulfilling financial obligations fully and on time has remained a consistent requirement in its operations. In the 2024 year-end summary by the State Treasury, 89 organizations were commended for their budget contributions to Ho Chi Minh City, of which 59 were from the corporate sector. Notably, among these corporations, only 33 paid taxes over 1,000 billion VND, and within the finance–insurance group, Prudential Vietnam is the only life insurer to be included in the 'Thousand-Billion Tax Payer Club.' In 2025, Prudential Vietnam again received an award for tax contributions exceeding one trillion. A Prudential Vietnam representative said that from 2020–2023 the company paid nearly 4,000 billion VND in taxes, with 2023 alone at 1,231 billion VND, reaffirming its role as a responsible taxpayer. Against the backdrop of industry-wide challenges, data from the General Statistics Office show that in 2024 the market’s total premium income was about 227.5 trillion VND, slightly down from the same period last year, with life insurance premiums at about 149.2 trillion VND, down about 5%. Nevertheless, this is viewed as a foundation for the sector to gradually recover and grow again in 2025. The Ministry of Finance projects that total insurance premiums will continue to rise, with growth in both non-life and life insurance. According to a Prudential Vietnam representative, in 2026 the company will continue to maintain the highest standards of governance and operations, comply proactively with laws and regulations, and collaborate closely with the regulator. This will serve as a crucial foundation for Prudential Vietnam to sustain durable business growth while continuing to make a positive contribution to the state budget and the economy in the long term.
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