Vietnamese Ministry of Finance is currently working on the finalization of a mandatory fire-explosion insurance. Initiated since 2015, the new regulation also provides for the regulation of agricultural insurance activity along with that of micro-insurance.
During the first ten months of 2017, Vietnamese insurance market reported a turnover of 84 186 billion VND (3.7 billion USD), up by 20.4% in comparison with the same period of 2016.
More news:
- The insurance industry in Vietnam [4]