The Law on Insurance Business 2022 has contributed to promoting market development, but over time, there have been shortcomings that need to be amended to simplify administrative procedures, remove difficulties and conditions for business development.
Although agricultural insurance was first introduced in Việt Nam in 1982, premiums continue to make up only a small fraction of non-life insurance revenue.
A total of 2,281 claims were made for losses related to property and other non-life insurance coverage, with estimated damages adding up to more than VNĐ356.5 billion.
The draft law was presented by State Bank of Vietnam (SBV) Governor Nguyễn Thị Hồng at a National Assembly (NA) Standing Committee meeting on Monday to discuss the proposed changes.
The HR Asia Awards 2025 is an annual ceremony organised by HR Asia magazine to honour organisations with outstanding human resources strategies, high employee engagement and an ideal workplace.
Statistics show that life insurance benefit payments from January to mid-July are estimated at a total of VNĐ28.9 trillion (US$1.1 billion), an increase of 6.5 per cent over the same period last year.
The licence, issued under Decision No 100, allows Techcombank to set up TCLife to offer life insurance, health insurance, reinsurance and other related services in compliance with local regulations.
Dai-ichi Life Vietnam has introduced An Phát Đầu Tư Thịnh Vượng, a new unit-linked insurance product that combines life insurance protection benefit with the opportunity to grow wealth through flexible investment options.
The financial sector plays a crucial role in supporting Vietnamese mothers on their journey towards financial independence, especially considering the challenges many women face in finding financial products tailoured to their needs, experts pointed out.
The Ministry of Public Security has proposed amendments to the Penal Code that would double fines and increase jail terms for social insurance evasion.
After the acquisition of two domestic insurance companies by Korea’s DB Group last year, M&A activities in the Vietnamese non-life insurance sector have become attractive agains this year, with a notable deal.
According to the SBV, after 12 years of implementing the Law on Deposit Insurance, there have been a number of difficulties and problems that need to be resolved to further enhance the role of the Deposit Insurance of Vietnam (DIV).
