New York Life to Withdraw From Viet Nam

New York Life, one of the largest life insurance companies in the US, has announced its withdrawal from Viet Nam.

Erin Pham, New York Life’s spokeswoman in Asia, said NY Life attributed the withdrawal’s cause to concentration on other markets where its businesses are growing well. 
She said NY Life cannot focus on investment in the country for the time being, and it is unfair if NY Life holds the operation license without doing anything in the business.
Since being licensed, NY Life has not started its business activities in Viet Nam.

Source TT – Translated by Yen Chuong

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