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Submitted by ctv_en_8 on Wed, 09/26/2007 - 09:28

Prudential Financial Company (PruFC) officially launched its operations in Vietnam on September 24 to expand the activities of this prominent insurance and investment company in the local market.

 

The wholly foreign-invested company will provide purchasing and underwriting services, issue credit cards, extend cash loans, supply credit and credit brokerage.

 

Director General Kalidas Ghose said that the company planned to mobilise capital through issuing bonds, certificates of deposit and other financial instruments.

 

PruFC also planned to mobilise one-year term deposits from its insurance division.

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