Vietnamplus

Lists of top public companies and those in the banking, insurance, and technology sectors in 2022 was released by the Vietnam Report JSC and VietNamNet newspaper on August 3.

The Vietnam Social Security (VSS) on January 17 launched a programme to grant social insurance books and health insurance cards, along with gifts, to poor people nationwide, on the occasion of the Lunar New Year (Tet) festival.

The Prime Minister has approved a project on accelerating the supply of level-four online services in the field of insurance and other public services based on data sharing between the Vietnam Social Security and related sectors.

The Vietnamese insurance market is heating up with many high-value bancassurance deals and mergers and acquisitions (M&A) unveiled recently.

Vietnam’s insurance sector has targeted a growth rate of 20 percent this year, according to the Vietnam Insurance Association.

Most insurance stocks have underperformed despite a positive outlook for the Vietnamese insurance sector.

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).

The Republic of Korea's overseas direct investment plunged in the first quarter from a year earlier due to a base effect, according to the data compiled by the RoK’s Ministry of Strategy and Finance.

Previously, it took both insurance officials lots of time to look for insurance information. However, modern technology has helped save time for the work and control wrong-doings in the sector.

The social insurance sector has made significant improvement in administrative procedures reform after four years implementing the Government Resolution 19/ NQ-CP on improving the business environment, delegates told a seminar in Ho Chi Minh City on September 28.

The insurance sector reported growth of 19 percent in premium income in the first five months of this year, topping 38.7 trillion VND (1.7 billion USD), the Insurance Association of Vietnam said.

Vietnam’s insurance sector is predicted to grow 20 percent this year thanks to a change in Government policies, experts said.

Vietnamese insurance firms have been offered great opportunities to expand their market share in the regional market thanks to the formation of the ASEAN Economic Community (AEC).

The PM has approved the insurance sector’s strategy on international integration to 2020 with a vision towards 2030, which aims for a sound and efficient social welfare system.

Insurance enterprises accumulated more than 152.5 trillion VND (6.7 billion USD) to reinvest this year, up 18 percent against last year, the Insurance Association of Vietnam (IAV) said.

Vietnamese shares on December 10 extended losses for a second day on both local bourses, led by insurance firms pulling back after recent big gains.