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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.


 

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Quynh-Anh Lam
Practice Area
 
Insurance
 
Mayer Brown JSM Vietnam Limited Overview