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Ministry urges to increase medical insurance coverage rate
Health

Ministry urges to increase medical insurance coverage rate

In an effort to raise the rate of medical insurance coverage amongst students, the Ministry of Health sent its document asking schools to increase information of insurance policies and important

Students who join health insurance to get life-long code
Health

Students who join health insurance to get life-long code

Each student who joins the medical insurance programme would be provided with a social insurance code which could be used for all their lives, according to a new regulation.

Insurance market abuzz with M&A
Business

Insurance market abuzz with M&A

Vietnamnet - As the trend among foreign insurance companies to acquire 100 per cent ownership over insurance companies progresses at a stable pace, the Vietnamese insurance market expects to

Samsung Fire & Marine Insurance acquires stake in Petrolimex insurance arm
Business

Samsung Fire & Marine Insurance acquires stake in Petrolimex insurance arm

Vietnamnet - The Republic of Korea-based Samsung Fire & Marine Insurancesigned agreements to become a strategic investor of Petrolimex Joint Stock Insurance Company and to acquire 20 percent stake

Social insurance contribution rate cut for employers
Business

Social insurance contribution rate cut for employers

Vietnamnet - The rate of compulsory social insurance contribution by the employer to the fund for occupational accidents and diseases will be reduced by half a percentage point from June 1, 2017.

Vietnam’s life insurance market faces challenges
Business

Vietnam’s life insurance market faces challenges

Vietnamnet - Growth in Vietnam’s life insurance market looks impressive at first glance but is coming off a low base while a host of issues linger for insurers.

Draft dictates foreigners pay into social insurance
Business

Draft dictates foreigners pay into social insurance

Vietnamnet - All foreign employees in Vietnam with work permits, practice certificates, or practice licences issued by local authorised agencies will be subject to compulsory social insurance

PJICO to sell shares to Korean non-insurance firm
Business

PJICO to sell shares to Korean non-insurance firm

Vietnamnet - Petrolimex Insurance Joint Stock Company (PJICO), with code PGI, will sell 20 per cent of its charter capital to Samsung Fire&Marine Insurance.

Medical fees to rise for people without insurance
Health

Medical fees to rise for people without insurance

Baomoi - From June, 1,900 medical services will have new price ceilings, which means the rate for many services will rise two- or three-fold, as per a recent health ministry circular.

5,000 health insurance cards issued with incorrect information
Health

5,000 health insurance cards issued with incorrect information

Baomoi - Local health insurance authorities of the central province of Nghệ An have issued some 5,000 health insurance cards with wrong personal information, the provincial authority has said.

Life-insurance market to be remapped in 2017
Business

Life-insurance market to be remapped in 2017

Vietnamnet - Last year was a prosperous one for life insurance companies, with impressive growth of 37 percent, a record 10-year rate.

20% insurance growth target set for Vietnam
Business

20% insurance growth target set for Vietnam

Vietnamnet - Viet Nam’s insurance sector is predicted to grow 20 per cent this year thanks to a change in Government policies, experts said.

Vietnam's insurance market posts robust growth in 2016
Business

Vietnam's insurance market posts robust growth in 2016

Vietnamnet - Vietnam’s insurance market registered robust growth last year with the life insurance segment gaining the strongest growth in 10 years, insurers and management agencies said.

Insurance market poised for robust growth next year
Business

Insurance market poised for robust growth next year

The insurance market in Viet Nam is poised for robust growth in 2017, bolstered by the anticipated improved economic outlook, along with the Government’s policies of promoting the services market.

Vietnam may provide health insurance for people with HIV
Politics

Vietnam may provide health insurance for people with HIV

The move comes at a time when international donors are cutting back funding for HIV/AIDS treatment services in the country.

Insurance company revenues soar
Business

Insurance company revenues soar

Total premium revenues in Vietnam’s insurance market reached VND85.5 trillion ($3.83 billion) in 2016, a 22 per cent increase compared to 2015, according to the Insurance Supervisory Authority (ISA)

Bắc Giang businesses owe VND100b in social insurance
Health

Bắc Giang businesses owe VND100b in social insurance

Social and health insurance for labourers worth VNĐ100 billion (US$ 4.4 million) hasn’t been paid by 600 businesses operating in northern Bắc Giang Province – accounting for 30 per cent of all