Vietnamplus

Insurance companies performed well in Vietnam during the COVID-19 pandemic, but their shares have not attracted much attention from investors.

A new environmental campaign was launched on January 7 to plant 2,500 indigenous trees on five hectares of land at the Phong Dien Nature Reserve in Phong Dien district, central Thua Thien-Hue province.

Vietnam’s insurance market has experienced growth this year, while many other sectors are suffering a lot of negative impacts from the COVID-19 pandemic.

Vietnam’s insurance market has experienced growth this year, while many other sectors are suffering a lot of negative impacts from the COVID-19 pandemic, according to the Ministry of Finance.

Banks are pushing the sale of life insurance products (bancassurance) in the context of low credit growth since the beginning of this year due to the impacts of the COVID-19 pandemic.

Standard Chartered Bank Vietnam and Vietnam Airlines on October 2 launched the co-branded Vietnam Airlines - Standard Chartered EliteFly Debit Card, the first of its kind in Vietnam and offering clients a number of benefits.

Many Chinese funds are pouring capital into the Vietnamese stock market because of low valuations and further loosening of foreign ownership in the near future.

The Ministry of Health and the AIA (Vietnam) Life Insurance Co. Ltd on August 13 signed an agreement on financial support worth 23 billion VND (992,000 USD) for frontline medical workers in the COVID-19 combat.

Vietnam’s insurance market is expected to achieve a growth rate of more than 20 percent this year, according to Vietnam Report (VNR).

Non-life insurers have cut back cash dividend rates for 2020 by maximum five percentage points as they prepare for a global economic downturn.

The US-based Brookings Institute on May 20 ran an article attributing Vietnam’s success in COVID-19 containment to its improved governance and policy coordination.

Insurance companies enjoyed an increase in sales in the first quarter of this year.

Factory activity has collapsed with only one third of manufacturing companies and workers operating at present due to COVID-19, Indonesian Coordinating Economic Minister Airlangga Hartarto has said.

Medical supplies are now in high demand due to the COVID-19 pandemic. In addition to the government’s efforts to supply and fund hospitals, the private sector and partner countries have been making helpful contributions through donations.

The Ministry of Finance has asked insurers to stop introducing and selling insurance packages related to COVID-19.

State divestment is expected to lure foreign investors into and lift Vietnam’s non-life insurance market.

The biggest challenges facing insurance advisors lie with doubts of clients and the long time to complete contracts.

The insurance industry aims to maintain a high growth rate of 18.42 percent this year, gaining revenue of 188.73 trillion VND (8.1 billion USD), according to the Ministry of Finance’s Insurance Supervisory Authority (ISA).

Insurance companies should use more electronic transactions and take advantage of high-tech products to better compete in the market, a government official said in Ho Chi Minh City on November 14.

Insurer FWD Group confirmed on November 12 its purchase of Vietcombank-Cardif Life Insurance (VCLI), an unit of Vietnam’s largest listed lender by market value, Vietcombank.