Banks, insurers boost bancassurance to get returns Business

Banks, insurers boost bancassurance to get returns

Banks and insurance companies are ramping up cooperation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business.
Bancassurance brings risks for insurers Business

Bancassurance brings risks for insurers

The model of distributing insurance products via banks (bancassurance) has contributed significantly to increasing insurers’ revenue, but experts warned that the overheating growth of the business could cause insurers to have to pay compensations due to mistakes made by bank employees, who also act as insurance products consultants.
Insurance firms plan to go digital Business

Insurance firms plan to go digital

Most insurance businesses are planning to apply new technologies in management systems and improving customer services, and many also plan to study new products to meet the market’s demand and diversify insurance sale channels, according to a recent Vietnam Report survey.
Brands from past make comeback Business

Brands from past make comeback

Many well-known consumer brands of the past are making a comeback in Vietnam, indicating a new-found confidence on the part of local companies to take on multinational rivals.
Korean retailers turn to Southeast Asia World

Korean retailers turn to Southeast Asia

Korean retailers are accelerating their push to tap deeper into the Southeast Asian market after they suffered a serious setback in China, industry watchers said on October 15.
Insurers, bankers banking on each other Business

Insurers, bankers banking on each other

Touting it as a win-win deal for everyone, banks and insurance companies in Vietnam are promoting the “bancassurance” model to exploit a market with huge untapped potential.
Bac Giang exports lychees to China Business

Bac Giang exports lychees to China

The northern province of Bac Giang organised a trade fair to promote lychee consumption in the Pingxiang city, Guangxi province, southwestern China, on June 9.
Convenience stores enjoy boom in Vietnam Business

Convenience stores enjoy boom in Vietnam

Convenience stores and minimarts have become increasingly popular in the country, with more than one third of households shopping there regularly, according to some analysts’ estimates.