Country Profile:Vietnam - The sanguinity of the Vietnam life market
Source: Asia Insurance Review | Jul 2009
Since its accession to the World Trade Organization in 2007, the economy of Vietnam has been more vibrant and it has become one of the more attractive destinations for investment. All these bring about improving circumstances for the population and increased interest in insurance by the people. With 11 life insurers (1 local and 10 foreign) catering to the protection needs of 86 million people, there is definitely abundant potential in the country. Even with the current slowdown of the global economic growth, life insurers in the country are still thriving, with some expecting double-digit growth numbers, no less.
By Ms Shakun Ashoka Raj
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