insurance companies prohibited from trading real estate

Insurance companies prohibited from trading real estate

Insurance companies will not be permitted to invest in real estate starting January 1, 2023, as regulated in the revised Law on Insurance Business approved by the National Assembly on June 16.
trends influencing the premium office market in hanoi

Trends influencing the premium office market in Hanoi

According to Savills latest market report, the office market will perform well this year with ICT and financial, insurance, real estate, and legal (FIRE) tenants leading demands. According to Hoang Nguyet Minh, senior director of Commercial Leasing at Savills Hanoi, the rent of grade-A offices will also depend on the future supply. Increasingly, tenants are selecting offices in buildings with green certificates that also cater to hybrid or agile working.
ministry proposes removing mandatory covid 19 travel insurance for arrivals

Ministry proposes removing mandatory COVID-19 travel insurance for arrivals

The Ministry of Culture, Sports and Tourism has proposed scrapping the 10,000 COVID-19 travel insurance required to enter Vietnam.
vietnam an attractive life insurance market

Vietnam an attractive life insurance market

The life insurance market remains attractive despite slowing down of late, according to the Insurance Association of Vietnam.
orphan contracts cause issues in bancassurance

Orphan contracts cause issues in bancassurance

Many bank clients have bought insurance through their banks (bancassurance), but they have received no support from the institutions when problems arose.
impact of sinh con sinh cha community education campaign unveiled

Impact of Sinh Con, Sinh Cha community education campaign unveiled

On May 25, Generali Vietnam Life Insurance LLC, The Human Safety Net Vietnam, and the National Fund for Vietnamese Children (NFVC) announced the independent impact report of the Sinh Con, Sinh Cha community education programme.
doctor anywhere and mb ageas life strengthen partnership

Doctor Anywhere and MB Ageas Life strengthen partnership

MB Ageas Life Insurance Co., Ltd. (MB Ageas Life) and Doctor Anywhere Vietnam JSC (DA Vietnam) announced a partnership on May 23 to provide comprehensive healthcare services to MB Ageas Life’s customers.
insurance industry forecasts less favourable year in 2022

Insurance industry forecasts less favourable year in 2022

Hanoi - After gaining high growth last year, the insurance industry is forecast to experience a less favourable time in 2022 as many insurers have so far planned lower profit targets or slowing growth compared to last year.
shinhan life vietnam supports child patients with blood cancer

Shinhan Life Vietnam supports child patients with blood cancer

Accompanying parents on the journey to protect their children, on April 26, representatives of Shinhan Life Vietnam visited pediatric oncology patients in the Clinical Hematology Department of the Children's Hospital in Ho Chi Minh City and presented around 100 million VND (4,350 USD) to support children in difficult circumstances.
fwd leading bancassurance evolution

FWD leading bancassurance evolution

FWD Vietnam Life Insurance Co., Ltd., one of the fastest-growing groups in this segment’s market, is digitalising its business with a solid strategy of developing diversified, simple, and suitable products for customers. VIR’s Binh An talked with Huynh Thanh Phong, FWD’s CEO and executive director, on the insurer’s strategy to become one of the first digital bancassurance businesses in Vietnam.
mic to sell 25 per cent stake

MIC to sell 25 per cent stake

Military Insurance Corporation (MIC) will sell a 25 per cent stake to foreign investors in a bid to boost its financial security and benefit from international expertise.
prudential vietnam achieves strong revenue growth in 2021 despite challenging environment

Prudential Vietnam achieves strong revenue growth in 2021 despite challenging environment

The United Kingdom-backed life insurer Prudential Vietnam delivered strong revenue growth of 15.2 per cent in 2021 against a challenging operating environment, with $374.3 million of insurance benefits paid to customers.
generali vietnam honoured with prestigious awards

Generali Vietnam honoured with prestigious awards

Italian-backed life insurer Generali Vietnam reaffirmed its market-leading position in investment-linked insurance when it was recognised as the leading investment-linked insurance product provider in the country in the Golden Dragon Awards 2022.
untangling current social insurance exemptions

Untangling current social insurance exemptions

Are genuine intra-corporate transferees really exempt from social insurance (SI) contributions?
foreigners craving si streamlining

Foreigners craving SI streamlining

Three months into full mandatory social security contribution, foreign workers remain uncertain about its benefits. However, stakeholders are working towards a more refined system.