Insurer opens Hanoi office

AMERICAN International Group (AIG), the leading US-based international insurance organisation, has announced it has received a permit from the Ministry of Trade to open a resident representative office in Hanoi.

The Hanoi office will be involved in liaison activities between AIG companies and Vietnamese organisations authorised to participate in foreign insurance transactions.

It will also help to implement co-operative projects with Vietnamese economic organisations.

AIG executive vice-president Brian Duperreault said the new office marked the company's return to Vietnam, a business which dated back to the early 1920s when it had life and other insurance operations there.