Military Insurance Joint Stock Corporation (MIC) has recently reported that in 2011, the insurer gained total revenue of 560 billion dong, rising 8.4% against 2010. In 2011, MIC established five additional insurance subsidiaries, bringing its total member insurance companies to 24, and more than 50 regional sales offices in most provinces and cities across the [...]
Vietnam’s life insurance sector this year is estimated to have reached total premiums of 21.5 trillion dong, a slower pace compared with 2010 due to the credit tightening and public debts. The performance was reported by Vietnam Insurance Association with top ten events in 2011. 1. The non-life insurance premiums continued growing by 25% to [...]
Most of the insurance companies which “join hands” with foreign strategic partners are the “big cheeses”. Therefore, they do not aim to have more capital when inviting foreigners’ cooperation, but they expect the technology transfer. PVI Insurance has had a new foreign strategic shareholder, besides Oman investment fund, becoming the only insurer in Vietnam with [...]
By applying for the certification, our various departments have to follow a standard set by the world’s top-notch service provider Manulife Vietnam has recently received the ISO 9001:2008 certification for its quality management system, which is an important milestone during its 12-year development process in the country. David Wong, senior vice president of Manulife ASEAN Operations, [...]
Inflation control and macroeconomic stabilisation will be given the first priority in the following year. The economy is expected to experience fewer challenges than this year, yet remarkable rally could hardly come. Being well aware of that picture, non-life insurance firms take next year’s business plans and targets seriously. Tightening the belt has helped achieve [...]
Bank for Investment and Development of Vietnam (Bidv) Insurance Corp (BIC) has said that in the first ten months of this year, its total revenue reached 803.74 billion dong, or 80 percent of the years target (one trillion dong). Of which, its cumulative premium from insurance fee in Jan-October was 518.45 billion dong, or 72 [...]
Ending September 2011, Vietnam’s non-life insurance market remained stable. According to the data from the Ministry of Finance (MoF), generally in the non-life insurance market, the total premium from original insurance contracts reached 15.124 trillion dong, growing 21.8 percent from the same period last year. In comparison with the country’s GDP (gross domestic product) growth [...]
Vietnam’s Congressmen were recently concerned that the deposit insurance coverage limit of VND50 million was too low and unsafe, the local newspaper Tien Phong Online reported. It is necessary to raise the deposit insurance upper limit to VND150-200 million from current VND50 million, said Tran Hoang Ngan, Vice President of the University of Economics Ho [...]
The Government issued Decree No 92/2011/ND-CP on October 17, regulating fines for administrative violations in the field of health insurance. Enterprises and organisations that do not pay insurance premiums for the whole applicable employees shall be fined at least VND500,000 for up to 10 employees, VND1-5 million (US$50-250) if the number of applicable employees is [...]
Vietnam’s Ministry of Finance (MoF) will create favourable conditions for Japanese insurance businesses to operate in Vietnam. MoF Minister Vuong Dinh Hue recentlymade the statement at a meeting with leaders of Sumitomo and Daiichi Life groups in Tokyo on November 1. According to Minister Hue, Vietnam’s insurance market opens its doors to foreign investors and [...]
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook
Gold price Silver prices