Bancassurance becomes main service earner for banks Business

Bancassurance becomes main service earner for banks

Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.
Maritime industry lacks human resources Society

Maritime industry lacks human resources

Universities need to train nearly 15,000 navigating officers and other shipping personnel by 2020 to address a shortage of human resources in the maritime industry, according to Dr Nguyen Duc Ca of the Vietnam National Institute of Educational Sciences.
Informal workers wary of opt-in social insurance Society

Informal workers wary of opt-in social insurance

Farmers and workers in the informal sector are often reluctant to buy voluntary social insurance because they do not understand its benefits and lack knowledge about the programme, according to the Vietnam Social Security.
Insurers’ total assets reach over 15 billion USD Business

Insurers’ total assets reach over 15 billion USD

Total assets of Vietnamese insurance companies in the first eight months of the year surged sharply by 35.16 percent year-on-year to nearly 365.52 trillion VND (15.55 billion USD), a report from the Ministry of Finance (MoF) showed.
Thua Thien-Hue supports offshore fishing Society

Thua Thien-Hue supports offshore fishing

The central province of Thua Thien-Hue has decided to provide 3.5 billion VND (150,000 USD) to assist insurance premiums for owners of offshore fishing vessels following the Government’s Decree No.67 on several fishery development policies.
Bao Viet tops Vietnam insurance market Business

Bao Viet tops Vietnam insurance market

The Bao Viet Group ranked first among the insurance companies in Vietnam with a revenue of more than 9.9 trillion VND (nearly 423.7 million USD) in the first half of 2018.
HCM City: Over 12,440 firms owe insurance premiums Business

HCM City: Over 12,440 firms owe insurance premiums

More than 12,440 enterprises in Ho Chi Minh City owed social insurance, employment insurance and health insurance premiums totaling over 2.7 trillion VND (118.2 million USD) as of June 2018, making up 4.2 percent of the annual collection plan.