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Vietnam’s Insurance Market: An Overview - January 2014

by Quynh-Anh Lam
Mayer Brown JSM Vietnam Limited - Ho Chi Minh City Office

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.


The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.

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Mayer Brown JSM Vietnam Limited Overview