HANOI (Reuters) - Joint Stock Commercial Bank for Foreign Trade of Vietnam
Under the agreement, Vietnam's largest listed lender better known as Vietcombank, will distribute FWD's life insurance products, the companies said in a statement, without providing further financial details of the deal.
The Singapore-based insurer has agreed to purchase Vietcombank-Cardif Life Insurance, a joint venture between the bank and BNP Paribas Cardif, the companies said.
The transaction is subject to regulatory approvals, according to the statement.
(Reporting by Khanh Vu, Editing by Sherry Jacob-Phillips)