Banking-insurance cooperation: Profits increase, customers feel frustrated

Banking-insurance cooperation: Profits increase, customers feel frustrated

VCN - Facing the situation of forcing customers to buy insurance, the authorities have repeatedly corrected this activity.
New policy boosts insurance market

New policy boosts insurance market's long-term development

The newly-issued Law on Insurance Business is expected to positively impact the insurance market’s long-term development.
Insurance industry forecasts less favourable year in 2022

Insurance industry forecasts less favourable year in 2022

After gaining high growth last year, the insurance industry is forecast to experience a less favourable time in 2022 as many insurers have so far planned lower profit targets or slowingnbsp;growth compared to last year.
Gasoline price insurance: Necessity, but clear regulation

Gasoline price insurance: Necessity, but clear regulation

VCN- The first quarter of 2022 recorded very special fluctuations due to geopolitical factors plus issues around the pandemic. The highest instability is the movement of petroleum prices in the world at a very large amplitude, even up to 5-6% during the d
Banks expect to see drastic revenue increase in 2022

Banks expect to see drastic revenue increase in 2022

VCN - According to the Banking Industry Outlook report for the year 2022 released by SSI Research, service fees went up by 62% in the first half of 2021, then saw a slight decrease by 2% by the third quarter of 2021 due to the impact of COVID-19 in Vietn
Revising Law on Insurance Business: Creating a legal framework to "digitize" insurance business and management

Revising Law on Insurance Business: Creating a legal framework to "digitize" insurance business and management

VCN – The development of the legal framework to cover the application of information technology in insurance business and management is necessary to catch up with the trend of digital transformation of insurance businesses amid the fourth industrial revol
Plan of budget collection from equitization and divestment for 2022

Plan of budget collection from equitization and divestment for 2022

VCN - The Covid-19 pandemic in many provinces and cities has hampered equitization and divestment in 2021. This may lead to failure in target of revenue from equitization and divestment in 2021. A plan with a series of solutions has been designed to maxim
Amazing growth rate of insurance market

Amazing growth rate of insurance market

VCN – Despite the prolonged Covid-19 pandemic seriously affecting all economic sectors and fields, the insurance industry recorded encouraging developments.
More room for insurance stocks to grow post pandemic

More room for insurance stocks to grow post pandemic

Unlike other financial services like banks and securities, insurance stocks haven’t recorded significant gains despite positive business results and a bright growth outlook.nbsp;
It is necessary to promulgate the revised Law on Insurance Business

It is necessary to promulgate the revised Law on Insurance Business

Minister of Finance Ho Duc Phoc gave a presentation about the Government's proposal on the draft of revised Law on Insurance Business at the third meeting of the National Assembly Standing Committee.
Insurance businesses face increasing challenges

Insurance businesses face increasing challenges

VAN – "Vietnam's insurance industry has performed well as a "shock absorber" against unexpected risks and impacts caused by the Covid-19 pandemic," Vietnam Report assessed.
Absorbing foreign capital to State-owned enterprise equitisation

Absorbing foreign capital to State-owned enterprise equitisation

State-owned enterprise equitisation has received many concerns from investors, especially foreign investors.
The Ministry of Finance: Strictly handling cases of forcing customers to buy insurance when borrowing capital

The Ministry of Finance: Strictly handling cases of forcing customers to buy insurance when borrowing capital

The Ministry of Finance will strengthen management and supervision of selling insurance activities of agents as credit institutions.
How much do banks make from selling insurance?

How much do banks make from selling insurance?

VCN-The cooperation in cross-selling insurance products through banking channels (bancassurance) is a partnership that brings benefits to both parties.
Finance sector strives to raise the ranking of the tax and insurance payment index by 30-40 spots

Finance sector strives to raise the ranking of the tax and insurance payment index by 30-40 spots

The Ministry of Finance has issued Action Plan on continuing to implement key tasks and solutions improving the business environment and enhancing national competitiveness in 2021
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