Insurance market enjoys highest revenue

VGP – The domestic insurance market pocketed around VND 68 trillion (US$3.1 billion), up 21.43% against 2014, the highest level over the last five years, according to the Ministry of Finance (MoF).

January 04, 2016 3:31 PM GMT+7

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The MoF reported that insurers had risen their capital by VND152 trillion, a year-on-year surge of 16%.

The strategy on Viet Nam insurance market development in 2011-2015 was fulfilled. Regulations of the Civil Code, the Criminal Code, the Investment Law, and the Enterprise Law harmonized with the Insurance Business Law. The growth rate of insurance premiums collection, re-investment, and withdrawal of SOEs from insurance a non-core business were realized.

In 2015, life insurance services surged sharply with higher revenue./.

By Kim Anh