fies seek support over social insurance payout schedules

FIEs seek support over social insurance payout schedules

In the context that the production and business situation continues to be severely affected due to the latest outbreak of COVID-19, foreign-invested enterprises in Vietnam are looking to suspend or extend deadlines for payment of social insurance premiums, just as the Vietnamese government has reduced and exempted taxes since last year.
directions for fies and employees in benefits disputes

Directions for FIEs and employees in benefits disputes

Fines for foreign-invested enterprises for failing to pay social insurance premiums have been specified in Decree No.28/2020/ND-CP released in March 2020 on providing penalties for admin violations in the fields of labor, social insurance, and overseas manpower supply under contract.
life insurers bank on developing industry

Life insurers bank on developing industry

While Vietnam’s insurance penetration rate is still low compared to regional peers, the lucrative sector offers high-yield returns for both investors and participants.
vss launches south korea based insurance product

VSS launches South Korea-based insurance product

With the desire to introduce and spread the effectiveness of digital social insurance to South Korean businesses, Vietnam Social Security has designed and launched a version of its VssID application to help them create a widespread effect for managers and workers in such enterprises doing business in Vietnam.
bidv metlife provides vnd25 million coverage to covid 19 positive customers

BIDV MetLife provides VND25 million coverage to COVID-19 positive customers

BIDV Metlife has launched the Customer Financial Assistance Program to support clients in the unfortunate eventuality of being infected with COVID-19.
bac a bank boosts cooperation with vbi

BAC A BANK boosts cooperation with VBI

Bac A Commercial Joint Stock Bank (BAC A BANK) and VietinBank Insurance (VBI) have officially forged a bilateral co-operation to develop non-life insurance services.
generali vietnam reaffirms leading position in health insurance and customer experience

Generali Vietnam reaffirms leading position in health insurance and customer experience

Italian-backed life insurer Generali continues to reaffirm its leading position in health insurance and customer experience with the prestigious title of “Leading health insurance and customer experience provider in Vietnam” at the 2021 Golden Dragon Awards.
inspection rise in face of insurance hustle

Inspection rise in face of insurance hustle

Recent compulsory bundling of insurance policies with banking products despite customer unwillingness has triggered concerns over bancassurance activities in Vietnam, and as a result authorities are strengthening inspections of such rampant insurance cross-selling mechanisms.
expansions emerging in bancassurance services

Expansions emerging in bancassurance services

Vietnam’s banks are taking advantage of the increasing demand of high-quality insurance services, which in turn bring vast potential to their future income, while both local and foreign insurers are proactively expanding their bancassurance network.
hdbank to choose life insurer partner for upcoming exclusive bancassurance deal

HDBank to choose life insurer partner for upcoming exclusive bancassurance deal

Ho Chi Minh City-based bank HDBank would choose a life insurer partner for an exclusive bancassurance deal, believing the deal would be of great significance in the coming time.
generalis new investment linked product benefits local customers

Generali’s new investment-linked product benefits local customers 

Italian-backed life insurer Generali Vietnam has launched a unit-linked insurance product designed to mark the group’s 10th anniversary in Vietnam.
undp holds workshop on disaster risk finance and inclusive insurance

UNDP holds workshop on disaster risk finance and inclusive insurance

The United Nations Development Programme (UNDP) on April 28 organised an inception workshop for an upcoming diagnostic study on disaster risk finance and inclusive insurance.
hdi global se samples ways to cut ownership in vietnamese non life insurer pvi

HDI Global SE samples ways to cut ownership in Vietnamese non-life insurer PVI

Germany-headquartered insurer HDI Global SE – the largest shareholder of Vietnam’s non-life insurer PVI – has been fined for holding stakes in excess of the foreign ownership limit. However, what route HDI chooses to comply with Vietnamese regulations remains a question.
hdi global se fined for violating foreign ownership rules

HDI Global SE fined for violating foreign ownership rules

On April 16, the State Securities Commission (SSC) issued a decision to sanction administrative violations against HDI Global SE – a Germany-based corporation which is the major shareholder of Vietnamese non-life insurer PVI – due to non-compliance with information disclosure and violating foreign ownership limit rules.
generali vietnam launches vita dau tu nhu y with preeminent benefits

Generali Vietnam launches “VITA – Dau Tu Nhu Y” with preeminent benefits

Italian-backed life insurer Generali Vietnam has launched “VITA – Dau Tu Nhu Y” (VITA – Invest the Way You Desire), a unit-linked insurance product exceptionally designed for the occasion of Generali’s 10th anniversary in Vietnam.