ZCZC
BCN-13
VIETNAM-INSURANCE-MARKET
Vietnam’s insurance market expands 24.4 pct in H1
HANOI, July 16, 2018 (BSS/Xinhua) – Insurance companies in Vietnam
collected 58.6 trillion Vietnamese dong (nearly 2.6 billion U.S. dollars) in
premium in the first half of this year, up nearly 24.4 percent year-on-year.
By the end of June, assets of insurers totaled 337 trillion Vietnamese
dong (14.8 billion U.S. dollars), up 27.3 percent on-year, local newspaper
VnEconomy cited the Insurance Supervisory Agency under Vietnam’s Finance
Ministry as reporting on Monday.
Insurers paid a total of 16.3 trillion Vietnamese dong (719 million U.S.
dollars) to insurance policy beneficiaries in the six-month period, up 22.4
percent. Meanwhile, they poured some 277.4 trillion Vietnamese dong (12.2
billion U.S. dollars) into the local economy, up 27.5 percent.
In 2017, total premium revenue of insurers in Vietnam hit 105.6 trillion
Vietnamese dong (4.7 billion U.S. dollars), up 21.2 percent from 2016,
according to the agency.
BSS/XINHUA/HR/1140