Vietnamplus

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

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

The National Assembly (NA) Standing Committee opened a meeting of full-time deputies on March 28 to discuss four draft laws to be submitted to the coming third session of the parliament.

The ninth session of the National Assembly (NA) Standing Committee wrapped up on March 24 after six working days divided into two periods.

The 15th National Assembly (NA) Standing Committee will commence the 9th sitting on March 10, with a question and answer (Q&A) session on trade and environmental issues among those high on the agenda.

The draft Law on Insurance Business (amended) is the focus of the National Assembly session on October 29 morning, as part of the ongoing second session of the 15th legislature.

Lawmakers are discussing the draft law on amendments and supplements to several articles of the Criminal Procedure Code via videoconference during the second session of the 15th National Assembly on October 25 morning.

The Law on Insurance Business (amended) was among the documents debated at the third working day of the 15th National Assembly’s second session on October 22.

New regulations in the draft Law on Insurance Business (amended) will help businesses reduce costs and take the initiative in business activities thanks to simplified administrative procedures.

Prime Minister Nguyen Xuan Phuc chaired the year’s final regular cabinet meeting in Hanoi on December 31, focusing discussions on the institution and law building work.

The 14th National Assembly adopted several laws and resolutions on June 14, the last working day of the seventh session.

The 14th National Assembly will vote to pass several laws and resolutions on the last working day of the seventh session in Hanoi on June 14.

Discussions on socio-economic development solutions at the 14th National Assembly’s seventh session will continue to be broadcast live on national television and radio on May 31 morning.

The seventh session of the 14th National Assembly (NA) opened in Hanoi on May 20.

The draft Law on amendments and supplementations to a number of articles of the Law on Insurance Business was put into discussion during the 14th National Assembly’s seventh session on May 20.

The National Assembly (NA) Standing Committee will convene its 33rd meeting from April 10-18, according to a NA statement.

Vietnam will revise some laws to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the drafts will be submitted to the National Assembly in May.

The insurance sector recorded more than 133.65 trillion VND (5.76 billion USD) in revenue from premiums in 2018, up 23.97 percent from a year earlier, according to the Ministry of Finance’s Insurance Supervisory Authority.

The life insurance sector pumped over 215 trillion VND (9.34 billion USD) into the economy in the first half of this year, according to the Insurance Association of Vietnam (IAV).