|January 31, 2014|
Previously published on January 29, 2014
Vietnam started liberalising its insurance market by allowing foreign insurers to participate in the domestic market almost 20 years ago. Since then, its insurance market has grown exponentially. Before the 1990s, Vietnam’s insurance market was dominated by state-owned insurance enterprises. As at the end of 2013, there were a total of 57 players from the state and the private sector, the latter including both domestic and foreign-invested companies.