The State Bank of Vietnam (SBV) has amended the law on deposit insurance to grant Deposit Insurance of Vietnam (DIV) more power.
Chubb has announced agreements to acquire the insurance businesses of Liberty Mutual in Thailand and Vietnam.
Women in Singapore have made significant strides towards financial empowerment even as barriers remain, according to a new survey by Sun Life Asia.
Munich Re has appointed Ms Hanh Nguyen as head of treaty P&C underwriting for Southeast Asia (SEA) and India, effective 1 March 2025. Since 2024, she has been acting as deputy head of treaty P&C underwriting for SEA and India.
The risk transfer solution, backed by the Natural Disaster Fund (NDF) and in partnership with Bao Minh Insurance Corporation, provides timely relief to coffee growers affected by drought.
Challenges have arisen regarding regulations related to labour, insurance, and taxes for foreign workers who are transferred from international offices within the same group to work in Vietnam.
The National Assembly of Vietnam has amended and supplemented many articles and provisions of the country's law on health insurance 200811. The new amended law No. 51/2024/QH15 will take effect from 1 July 2025.
Some of the targets set for the country's insurance industry by the Vietnamese government may have to be worked down or may need to be adjusted as it is difficult to meet these targets.
Vietnam Social Security Organisation has expressed confidence that its unemployment insurance fund is in surplus of around VND63tn ($2.6bn) and is sufficient to provide the intended benefits to public employees and workers affected by organisational restructuring exercise.
In 2025 labour and social insurance policies in Vietnam will see a gradual increase in retirement age while the eligibility age for social pensions will decrease. These moves will benefit more senior citizens as the country ages rapidly.