Stable outlook for Vietnam's non-life insurance market

AM Best has maintained a stable outlook for the Vietnamese non-life insurance market.

According to the rating agency, the sector continues to benefit from strong insurance demand, supported by favorable macroeconomic conditions.

The market's overall operating profit improved significantly in 2025, driven by stronger underwriting performance.

AM Best also expects the market's operating performance to remain resilient, supported by stable investment returns, solid underwriting results, and more favorable conditions in the reinsurance market.