Minh Nguyen
Cover Minh Nguyen, a dynamic female leader at Allianz Partners, is the youngest person to hold the position of Country Lead.
Minh Nguyen

Minh Nguyen is a leader asserting her influence on her journey to building a legacy as a woman of the new era.

Allianz Partners operates in 75 countries, offering a broad portfolio of insurance services and standing as one of the world’s leading insurance groups. Headquartered in Dublin, with offices in London, Munich, and other major European cities, it is a global force. Minh Nguyen, as Country Lead, is proud to be the youngest female CEO in the region. Looking back, she recalls how senior leadership roles were often associated with being “male, white, and foreign.” But times have changed. Today, Minh Nguyen finds reassurance in the progress made, knowing her two daughters are growing up in a more diverse world with greater opportunities.

Read more: What makes Van Cleef & Arpels' creations poetic?

Hello Minh Nguyen, it’s a pleasure to speak with you. With such an admirable career, what has motivated you to overcome challenges in your professional journey?

Growing up in Vietnam, a lower-income country with a predominantly public healthcare system, I witnessed many challenges—both in capacity and funding—in delivering medical services. Additionally, the rise of non-communicable diseases caused by unhealthy lifestyles is placing an increasing strain on the system. This fuelled my passion to contribute to the healthcare sector in Vietnam.

My motivation is also deeply personal. I have faced my own health challenges, including the tragedy of giving birth to my first daughter. That experience reinforced my determination to make a meaningful impact in this field. Over the past 22 years, I have lived and worked in Vietnam, focusing primarily on the insurance and healthcare industries.

At Allianz, we take pride in continuously building and expanding new businesses in Vietnam and neighbouring countries, guided by our core values of integrity, care, excellence, and respect.

You are also Vice President of the German Business Association (GBA). How do you balance your leadership role in a global corporation while staying true to your personal values?

My journey has not always been easy. I have faced significant pressures in my career while striving to maintain balance, ensuring that I stay true to the principles I cherish—such as diversity and inclusion in the workplace, business innovation, and the empowerment of younger generations.

My life philosophy is rooted in the Japanese concept of Ikigai, which emphasises living with purpose and finding harmony between professional success and self-care. I encourage people to pursue their dreams, work hard, and maintain a healthy lifestyle. One piece of advice I often share is: “Compete with the best version of yourself,” always striving for personal growth.

Tatler Asia
Minh Nguyen
Above Minh Nguyen embraces the Ikigai philosophy.
Minh Nguyen

Ultimately, I take pride in my ability to set priorities, carve out my own path, and make it my mission to help others integrate balance into their daily lives. Those who truly master work-life balance do not pour 100% of their energy into work alone; they find harmony between their careers and their personal lives, between professional ambition and rest. I have always prioritised my personal life, even in moments when work feels more urgent than taking time for myself.

Can you share your experiences as a female entrepreneur in the insurance industry, a field often considered male-dominated?

Women leaders in the insurance sector play a crucial role in driving innovation, from product development to customer engagement. They are often champions of diversity and inclusion (D&I), fostering a company culture that is both forward-thinking and inclusive. At Allianz, I take great pride in the advancements we have made in health insurance products and healthcare services, particularly in improving accessibility for underserved communities.

A key lesson I have learned is the importance of trust—trusting my team and empowering them to succeed. This has enabled me to build a team that is both talented and deeply committed. It has also helped me answer a question many young entrepreneurs ask: how do you balance work and life? By delegating responsibilities and placing faith in my team, I have been able to maintain that balance.

For instance, I took a month off to fulfil a lifelong ambition—climbing the Himalayas. It was a significant commitment, but standing atop that mountain became an endless source of inspiration. The moment I returned to work, I channelled that renewed energy into shaping the company’s future, generating fresh ideas on how to strengthen and reorganise the business.

My leadership style is rooted in empathy and resilience. I have always advocated for greater female representation in leadership, recognising the vital role of feminine energy in fostering sustainable business and community growth. At Allianz, we actively support women in management through dedicated programmes, helping to cultivate a new generation of female leaders who will drive meaningful progress in society.

Did you know: What does the leadership change mean for luxury brand Richemont?

Tatler Asia
Minh Nguyen
Above For Minh Nguyen, trusting others to deliver results is key to balancing leadership and personal growth.
Minh Nguyen

Women play an important role in shaping the future of Vietnamese businesses, particularly in key sectors such as insurance, finance, and healthcare. In your opinion, what skills are essential for a successful female leader in the new era?

Firstly, find a sponsor rather than relying solely on an advisor. A sponsor is someone who can advocate for you in high-level meetings, nurture your professional development, and unlock new opportunities—often providing more tangible support than a traditional mentor.

Next, be as flexible as water. Adaptability is key; shaping yourself to meet challenges head-on allows you to navigate uncertainty with confidence.

Patience is equally crucial. Thriving in a new environment requires time—whether it is understanding colleagues, adjusting to corporate dynamics, or refining decision-making skills. With a career spanning several decades, you have ample time to define your goals and direction. Do not listen to those who claim women cannot be both accomplished and fulfilled—you absolutely can.

Lastly, curiosity is essential. Life does not always unfold as planned, but curiosity keeps you moving forward. When faced with rejection, ask yourself, “What if?” and explore new possibilities. If you find something you are passionate about, pursue it—passion combined with talent is a powerful force. Embrace uncertainty, and never fear the unknown, as the most valuable lessons often emerge from chaos.


Article adapted from the original print publication: Tatler Vietnam, October 2024 – Family & Legacy