Insuring the insurance  market gets in order

Insuring the insurance market gets in order

On February 15, 2012, new regulations on insurance sector business activities came into effect under Decree No. 123/2011/ND-CP (“Decree 123”) detailing the Law on Amendments to the Law on Insurance Business being effective from July 2011.
Ministries run trial credit insurance programme

Ministries run trial credit insurance programme 1

A national trial credit insurance programme aiming to cover nearly 3 per cent of export turnover by credit insurance by the end 2013, has been launched by the ministries of Finance, Industry and Trade, the State Bank of Vietnam (SBV) and the Government Office.
Errant insurers get rapped on knuckles

Errant insurers get rapped on knuckles

A 400-day investigation and two years’ hot debate has resulted in 19 non-life players being slapped with financial penalties due to competition restriction violations.
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