Vietnam's insurance industry is expected to see its total assets rise to about VND1.1qn ($43.3bn) by the end of 2025, according to statistics from the Vietnam Insurance Association.
The association showed that total premium revenue for the year was estimated at more than VND230tn; non-life insurance premiums were projected to reach around VND85tn, while life insurance premiums were estimated at VND150tn.
In 2025, insurance companies reinvested more than VND900tn back into the economy, underscoring the sector’s growing role as a long-term capital provider for socio-economic development, said the association.
The industry has also continued to expand its customer service network nationwide, with more than 1,000 branches and representative offices. The sector currently employs over one million workers and offers more than 2,100 insurance products to the market.
The association also added that insurance companies pay out nearly VND100tn in claims and benefits each year. The sector’s role became particularly evident following Typhoon Yagi in September 2024, one of the most destructive storms in recent history. The disaster caused an estimated VND81tn in economic losses nationwide, of which insurance companies paid more than VND12tn in claims.