M&A in Vietnamese non-life insurance sector develops strongly

Tuesday, Dec 10, 2024

According to the Ministry of Finance’s Vietnam Insurance Market Yearbook 2023, at the end of that year, Việt Nam had 82 insurance companies, of which 32 were non-life insurance companies.

Insurance industry rebounds after crisis of confidence

Tuesday, Oct 15, 2024

Newly released data from the General Statistics Office (GSO) shows the total revenue from insurance premiums in the third quarter of 2024 was estimated at VNĐ56.4 trillion, an increase of 6.9 per cent over the same period in 2023.

The life insurance industry needs to enhance customer confidence

Thursday, May 23, 2024

During a conference, hosted by the Insurance Association of Vietnam, experts and business representatives discussed  issues around the current state of the life insurance industry in Việt Nam and how to rebuild trust in the sector.

Insurance industry gains growth despite economic slowdown

Friday, Dec 08, 2023

The insurance market is increasingly demonstrating its role and position in socio-economic development, contributing to the successful implementation of the country''s socio-economic development goals, as well as bringing financial and health protection to the people.

Insurance industry focuses on restructuring to improve service

Monday, Aug 28, 2023

After experiencing a rapid and strong growth cycle in the past decade, Việt Nam’s insurance industry is inevitably facing a correction and decline that requires insurers to focus on restructuring and improving service quality to meet the increasing demands of...

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.

Manulife Vietnam: harnessing the power of digital solutions

Saturday, Aug 20, 2022

Digitalisation is no longer just a driving factor for the growth of the life insurance industry. It is transforming the entire value chain.

Insurance industry forecasts less favourable year in 2022

Wednesday, May 04, 2022

After gaining high growth last year, the insurance industry is forecast to experience a less favourable time in 2022 as many insurers have so far planned lower profit targets or slowing growth compared to last year.

Insurance industry continues good trends in 2021

Wednesday, Jan 20, 2021

The insurance industry is forecast to continue gaining double-digit growth this year thanks to new bancassurance contracts signed late last year and the recovery of the economy.

Insurance firms struggle to attract investors despite good performance amid pandemic

Saturday, Jan 09, 2021

Insurance companies performed well in Viet Nam during the COVID-19 pandemic, but their shares have not attracted much attention from investors.

Chubb Life Vietnam received Certificate of Merit from Prime Minister

Monday, May 25, 2020

Chubb Life Vietnam received the Certificate of Merit from Vietnam’s Prime Minister for its achievements in the insurance industry and significant contributions to the community at a solemn function on May 22.

COVID-19 brings more business to insurers

Saturday, Mar 21, 2020

The COVID-19 pandemic has so far hurt many businesses in the country, except the insurance industry.

Insurance industry forecast to keep thriving in 2020

Thursday, Jan 09, 2020

The insurance industry aims to maintain a high growth rate of 18.42 per cent this year, gaining revenue of VND188.73 trillion (US$8.1 billion).

Viet Nam's insurance industry keeps thriving in H1 2019

Saturday, Jun 29, 2019

Viet Nam’s insurance industry maintained positive growth in the first half of this year, with total revenue surging by 24.35 per cent year-on-year to nearly VND71.15 trillion (US$3 billion).

Insurance market keeps thriving in first months of 2019

Tuesday, May 14, 2019

Viet Nam’s insurance industry maintained positive growth in the first four months of this year, with total premiums surging by 17 per cent year-on-year to VNĐ44.3 trillion (US$1.9 billion), the Ministry of Finance reported.