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American International Group Inc. subsidiary American International Underwriters Overseas, Ltd. has received a license from the government of Vietnam to operate a wholly owned general insurance company in Vietnam.

New York-based AIG said the license is the first general insurance license granted by Vietnam to a U.S.-based insurance organization. Prime Minister Phan V?n Kh?i announced during his visit to the U.S. last June that the company would be granted the license.

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