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Vietnam insurance market in the first 6 months: Recovering from the pandemic

According to preliminary figures from Vietnam Insurance Association, the total market premium revenue in the first six months of 2022 increased 14.9% year-on-year to approximate VND118,961 billion, in which the non-life sector recorded VND34,494 billion in terms of premiums...

Non-life insurance in Q3 – mixed results under pandemic pressure

As production and commercial activities and services were disrupted by Covid pandemic in the third Quarter, GDP growth rate in Quarter III/2021 decreased by 6.17% year-on-year, the deepest fall since Vietnam has calculated and announced quarterly GDP. Strict social...

Vietnam’s economic growth forecast lowered in anticipation of pandemic impacts

Recently, Rong Viet Securities (VDSC) has announced the outlook report for the last 6 months of the year. Accordingly, the economic outlook for the second half of 2021 depends heavily on the effectiveness of pandemic prevention as well as...

Vietnamese non-life insurance market in the first 6 months of 2021

The Covid-19 pandemic has had a major impact on almost all economic sectors since 2020. However, with the Government’s good control over the pandemic, our economy has also seen significant recovery steps in 2020 and the first half of...

Vietnamese economy bounced back in Q2 2021

After growing 4.48 per cent in the first quarter of 2021, the Vietnamese economy bounced back to 6.61 per cent in Q2, pushing the six-month growth to 5.64 per cent against only 1.81 per cent in the same period...

Vietnam insurance market in quarter 1/2021

Continuing the recovery and positive growth from the fourth quarter of 2020, Vietnamese macroeconomic picture in the first quarter of 2021 continued to remain stable, the weather in the first months of the year was relatively favorable. However, the...

Vietnam’s economy grew 4.48 per cent in Q1

Vietnam’s economy posted a growth of 4.48 per cent in the first quarter of this year, higher than the 3.68 per cent of the same period last year. All the key sectors of the economy were relatively aligned with...

Vietnam economic outlook for 2021 looks bright

In 2020, Vietnam surprised the world with its impressive control of COVID-19 and its inspiring economic growth rate of 2.91 per cent, making the country one of the world’s top 10 nations with the highest growth, and also one...

Cyber insurance in Vietnam

Vietnam has the third highest encounter rate with ransomware in the Asia-Pacific region, behind China and Indonesia, a Kaspersky report in November 2020 says. According to the Ministry of Information and Communications, in the first 10 months of 2020,...

Vietnamese insurance industry eyeing impressive growth in 2020

Vietnamese insurance market 2020 has closed a bumpy year with impressive growth  while most of other industries have suffered several negative impacts from the Covid pandemic. According to Ministry of Finance, the insurance industry estimates a growth rate of...

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