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Central bank proposes raising deposit insurance payout cap to VND350 million

HCMC – Vietnam’s central bank has proposed increasing the deposit insurance payout limit to VND350 million per depositor from the current VND125 million, according...

Unlocking insurance funds

As Vietnam seeks new resources to boost GDP growth, develop infrastructure and pursue sustainable pathways, tens of billions of dollars in capital from the...

Insurers told to file Storm Bualoi damage reports

HCMC – The Insurance Supervisory Authority has ordered insurance companies to submit damage and compensation reports related to Storm Bualoi and subsequent flooding by...

Insurance assets expected to top VND1 quadrillion by 2025

HCMC – The Ministry of Finance has projected that total assets of Vietnam’s insurance industry could exceed VND1.06 quadrillion this year, up nearly 30%...

Risk-based capital model for insurers may be delayed to 2031

HCMC – The Ministry of Finance has proposed delaying the implementation of the risk-based capital (RBC) model for insurers to 2031 from the original...

Typhoon Yagi insurance claims surge to VND11.6 trillion

HCMC – Insurance claims in Vietnam have surged to nearly VND11.63 trillion in the aftermath of typhoon Yagi and ensuing floods, according to the...

Insurers pay over VND9 trillion for typhoon Yagi damages

HCMC – Vietnam’s insurance companies have paid over VND9 trillion for damages caused by typhoon Yagi and ensuing flooding and landslides, according to the...

Insurance payouts for typhoon Yagi damage estimated at VND7 trillion

HCMC – Insurance payouts related to the damage caused by typhoon Yagi are estimated to reach VND7 trillion, with over 9,000 cases of property...

Solutions for life Insurance market

The State Bank of Vietnam (SBV) is drafting a ministerial circular which may greatly impact the life insurance market. The draft circular specifies that...

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