News Life and Health18 Jul 2018

Vietnam:Insurance sector maintains growth momentum in 1H

18 Jul 2018

Insurance companies in Vietnam collected VND58.6tn ($2.6bn) in premiums in the first half of this year, up nearly 24.4% year-on-year, according to data from the Insurance Supervisory Agency under the Finance Ministry.

Insurers paid out a total of VND16.3tn to beneficiaries in the six-month period, up by 22.4% compared to the corresponding period last year.

By the end of June, assets of insurers totalled VND337tn , an increase of 27.3% compared to 12 months previously.

In comparison, in the 2017 full year, total premium revenue of insurers in Vietnam hit VND105.6 trillion, soaring by 21.2% over 2016.


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