Military Insurance targets top four spot in non-life insurance market for 2024

Thursday, Apr 11, 2024

Military Insurance Corporation (MIC) targets to secure a position among the top four non-life insurance markets in 2024, achieving a 33 per cent growth in insurance revenue, a 25 per cent growth in profit compared to 2023, and maintaining a minimum dividend ratio...

Foreign capital strongly pours into Việt Nam’s non-life insurance market

Thursday, Mar 07, 2024

According to experts, Việt Nam''s insurance market currently still has a lot of room for development. According to statistics from the Ministry of Finance, the insurance penetration rate, calculated by insurance premiums per GDP, in Việt Nam in 2022 was...

VN's insurance market to rebound with caution

Friday, Jan 12, 2024

Việt Nam''s domestic insurance market has managed to pull through a difficult time in 2023 but it will take time for the market to rebuild trust among consumers, according to policymakers and industry insiders. 

Viet Nam an important life insurance market in Asia

Tuesday, Apr 25, 2023

Việt Nam remains a key life insurance market in Asia, the Insurance Association of Việt Nam told a meeting in HCM City on Monday.

Viet Nam’s non-life insurance market continues to lure foreign capital

Tuesday, Apr 11, 2023

Two domestic insurance companies, Vietnam National Aviation Insurance Joint Stock Corporation (VNI) and Military Insurance Corporation (MIC), welcomed new capital from foreign investors in the first quarter of 2023.

M&A deals to boost non-life insurance industry

Saturday, Mar 11, 2023

As there is still much room for development in the domestic insurance market, the industry’s growth target is set at double-digits.

MoF aims to develop the insurance market

Wednesday, Jan 04, 2023

The Vietnamese insurance market currently has 79 insurance businesses.

Viet Nam remains an attractive market for Korean investors: General Director of Shinhan Life Vietnam

Tuesday, Oct 18, 2022

Lee EuiChul, General Director of Shinhan Life Vietnam, speaks to Viet Nam News about the company’s development strategy to achieve its goals in Viet Nam’s fierce and attractive insurance market.

New policy boosts insurance market's long-term development

Monday, Jul 04, 2022

The newly-issued Law on Insurance Business is expected to positively impact the insurance market''s long-term development.

Despite slow down, domestic life insurance market remains attractive

Wednesday, Jun 08, 2022

The life insurance market remains attractive despite slowing down of late, according to the Insurance Association of Viet Nam.

Shinhan Life wants to become game changer through unique growth strategies

Tuesday, Feb 08, 2022

Shinhan Life Vietnam Company launched its services in Viet Nam on January 25 at a time when there is fierce competition in the market with 19 players. Its General Director, Mr Lee Eui Chul, spoke to Viet Nam News about...

Domestic insurance market expects double digit growth in 2022

Monday, Jan 10, 2022

The country’s total insurance premium revenue in 2022 is estimated at VND253.7 trillion (US$111.1 million), up 18.04 per cent compared to 2021, according to the Department of the Insurance Supervisory Authority.

Amended law to make VN insurance market keep pace with int’l practices

Thursday, Oct 28, 2021

It is time to amend the Law on Insurance Business to help a safe, transparent, sustainable and efficient insurance market.

Hanwha Life Vietnam launches new digital platform in VN

Monday, Jul 19, 2021

The South Korean-headquartered life insurer Hanwha Life Vietnam has launched LIME, the first ever digital platform for the insurance market of Viet Nam.

Insurance market sees growth this year despite COVID-19

Saturday, Dec 26, 2020

Viet Nam''s insurance market has experienced growth this year, while many other sectors are suffering a lot of negative impacts from the COVID-19 pandemic.