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.
Insurance sector posts 24-percent rise in revenue Business

Insurance sector posts 24-percent rise in revenue

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.
Hanoi Stock Exchange improves operation Business

Hanoi Stock Exchange improves operation

The Hanoi Stock exchange (HNX) has improved its share, bond and derivatives markets considerably in 2018 and will continue to enhance the markets’ operation in 2019.
Korea firm to buy VietinBank Insurance stake Business

Korea firm to buy VietinBank Insurance stake

Hyundai Marine & Fire Insurance Co Ltd (HMFI), the Republic of Korea’s No 2 non-life insurer, has signed a stock purchase agreement to buy a 25 percent stake in Vietnamese non-life insurer VietinBank Insurance Joint Stock Corp (VBI).
Businesses sponsor National Fund for Vietnamese Children Society

Businesses sponsor National Fund for Vietnamese Children

Businesses pledged to sponsor nearly 80 billion VND (3.43 million USD) for the National Fund for Vietnamese Children (NFVC) under agreements signed at a programme in Ho Chi Minh City on December 8 with the attendance of Vice President Dang Thi Ngoc Thinh.
Vice President vows support for Manulife Financial Corp Business

Vice President vows support for Manulife Financial Corp

Vice President Dang Thi Ngoc Thinh has assured Vietnam’s consistent policy of supporting Canadian firms and Manulife in particular to effectively operate in the country during a reception for visiting Chief Executive Officer & Director at Manulife Financial Corp Roy Gori in Hanoi on November 29.
Banking apps the way forward Business

Banking apps the way forward

Banking apps on cell phones are helping people in rural areas manage their finances, said Pham Xuan Hoe, deputy director general of the Banking Strategy Institute at the State Bank of Vietnam (SBV) at the launching ceremony of the i3 programme held in Hanoi on November 14.
Khanh Hoa: Bicycles presented to disadvantaged students Society

Khanh Hoa: Bicycles presented to disadvantaged students

The National Fund for Vietnamese Children (NFVC) on September 19 teamed up with AIA Life Insurance Company in Vietnam to present 70 bicycles, gifts, and five life insurance contracts each worth 20 million VND to 75 poor students in the central province of Khanh Hoa.
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.
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.
Vietcombank seeks bancassurance partnership Business

Vietcombank seeks bancassurance partnership

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), coded VCB on the Ho Chi Minh Stock Exchange, plans to invite bids from insurers for exclusive rights to distribute life insurance products through its network.
PM wishes Italian insurer success in Vietnam Politics

PM wishes Italian insurer success in Vietnam

Prime Minister Nguyen Xuan Phuc wished the Italian life insurance group Generali success in doing business in Vietnam during his reception in Hanoi for the group’s Director General Philippe Donnet.