taiwanese financial behemoth cathay united bank supports foreign investment in vietnam

Taiwanese financial behemoth Cathay United Bank supports foreign investment in Vietnam

Taiwanese investors are leveraging their networks and stepping up interest in Vietnam's stock market as well as in technology and insurance. Benny Miao, executive vice president of Cathay United Bank Taiwan, sheds light on Taiwan's continuing presence in Vietnam and the bank’s strategies to cement its position.
liberty the first non life insurer in vietnam cashes in twice at the financial services awards 2021

Liberty – the first non-life insurer in Vietnam cashes in twice at the Financial Services Awards 2021

On October 19, Liberty Insurance was proud to be the only insurance company in Vietnam honoured with two prestigious awards at the Financial Services Awards 2021 in Ho Chi Minh City. The company was honoured for its Liberty AutoCare ca insurance as the Non-life Insurance Company with outstanding Products and Services Innovation; and as the Non-life Insurance Company with the Highest Customers’ Satisfaction on Digital Experience.
covid 19 vaccination certificate to be incorporated into id cards

COVID-19 vaccination certificate to be incorporated into ID cards

Driver's license, social insurance, and COVID-19 vaccination certificate are among many documents to be incorporated into the new chip-based ID cards.
masterise homes launches privileged insurance creative customer appreciation programme

Masterise Homes launches Privileged Insurance creative customer appreciation programme

Masterise Homes has recently announced a strategic partnership with Techcombank in the For the Ultimate Peace of Mind programme with Manulife Privilege Insurance Package. The Privilege Insurance is composed of a variety of benefits for customers of Masterise Homes, demonstrating genuine commitment to raising living standards in Vietnam.
strategies sought by insurers after mixed bag in growth

Strategies sought by insurers after mixed bag in growth

Foreign corporations are gaining their momentum in Vietnam’s insurance market, with long-term commitments being paid off – however, the non-life insurance growth rate reached a decade-long record low.
generali launches fresh online accident product with comprehensive benefits

Generali launches fresh online accident product with comprehensive benefits

Italian-backed life insurer Generali Vietnam has just launched VITA – AN365, an innovative online insurance product featuring comprehensive benefits for customers from 4 to 69 years old.
supporting both workers and employers to escape distress

Supporting both workers and employers to escape distress

Deputy director general of Vietnam Social Security Le Hung Son talked to VIR’s Thai An about the implementation of a new support package sourced from the unemployment insurance fund to help pandemic-hit employees and employers overcome difficulties.
hitachi joins forces with vietnams largest nonlife insurer

Hitachi joins forces with Vietnam's largest nonlife insurer

Japan's Hitachi Ltd. has signed a deal with Bao Viet Insurance, Vietnam's biggest non-life insurer, to drive innovation in the insurance business.
institutions join with domestic insurers

Institutions join with domestic insurers

High-quality German funds are channelling into Vietnam’s insurance market, offering different value propositions in the non-life insurance industry.
bamboo capital group to acquire 71 per cent stake in aaa insurance

Bamboo Capital Group to acquire 71 per cent stake in AAA Insurance

The Board of Directors of Bamboo Capital (BCG) has just approved the participation in capital contribution to local firm AAA Insurance JSC. The agreement is predicted to be completed in October, with the expected purchase price in accordance with AAA's book value.
manulife vietnam celebrates bancassurance milestone with saigon commercial bank

Manulife Vietnam celebrates bancassurance milestone with Saigon Commercial Bank

Canadian life insurer Manulife Vietnam and Ho Chi Minh City-based commercial lender SCB have marked the sixth anniversary of their bancassurance partnership by reaffirming a shared commitment to help address the growing financial and insurance needs of Vietnamese people.
fourth wave of pandemic spurs insurance demand in vietnam

Fourth wave of pandemic spurs insurance demand in Vietnam

Over a quarter of Vietnamese consumers have purchased more insurance products, with 26 per cent reporting an increase in purchasing frequency during the fourth wave compared to before the latest outbreak struck, YouGov said in a recent report.
insurance draft to aid standardisation

Insurance draft to aid standardisation

Amid evolving consumer trends and digital transformation, the Ministry of Finance has issued draft changes to the Law on Insurance Business to bring regulations up to speed with modern times by opening them up to technology while also making it safer by restricting investment by local and foreign insurers.
pwc report time needed to implement ifrs 17 has increased

PwC report: Time needed to implement IFRS 17 has increased

The second edition of PwC’s IFRS 17 Health Check Survey 2021: Asia-Pacific reveals that the proportion of respondents who are “mostly confident” to fully implement the reporting standard by the effective date has decreased to 35 per cent from 41 per cent in the previous year.
vietnam social security awaits go ahead to remove insurance issues for labourers

Vietnam Social Security awaits go-ahead to remove insurance issues for labourers

While waiting for answers from relevant authorities on the exemption or reduction of payment periods for social and health insurance for labourers during the social distancing period, Vietnam Social Security has implemented numerous solutions to ensure the rights and interests of labourers and businesses.