Some Vietnamese commercial banks have reported a dramatic dip in their bancassurance sales for the first half of the year as the sector navigates controversies and a historically low number of active life insurance contracts.
The Ministry of Finance (MoF) aims to implement many solutions to achieve the goal of comprehensively developing a safe and sustainable insurance market and meeting the diverse insurance needs of organisations and individuals and ensuring social security this year.
Insurance companies, reinsurance businesses, and foreign insurers must now widely publicise their financial statements, according to an official letter from the Ministry of Finance’s Insurance Supervision and Administration Department issued last month.