In a meeting with the Ministry of Science and Technology last month, Prime Minister Pham Minh Chinh opined that “it is necessary to design appropriate institutions, mechanisms, and policies.
Life insurers bank on developing industry 22:06 | 03/06/2021
Life insurers are anticipating a rising middle-class population. Photo: Dung Minh
Fresh data from the Vietnam Insurance Association (VIA) revealed that in the first quarter of 2021, the total insurance premium revenue reached more than VND14.9 trillion ($6.5 billion), up 6 per cent over the same period of last year. In terms of non-life insurance, reinsurance firm Swiss Re forecasted that this sector will reach a value of about VND70 trillion ($3.04 billion) in 2021, up 25 per cent compared to 2020.
Yen Tran, analyst at KIS Securities commented on trends that have been prevalent for a couple of years. âThe overall insurance penetration rate in Vietnam in 2019 was 60 basis points below the average rate in emerging markets and a distance from the 9.6 per cent in advanced markets,â Tran said. âAverage insurance spending per capita was around $72 in Vietnam in 2019 versus an a
A comprehensive approach to SWIFT security assessment 11:33 | 06/04/2021
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) is a vast messaging network used by banks and other financial institutions to quickly and securely send and receive information, such as money transfer instructions.
Tran Phuong Hong, IT Advisory director, KPMG Tax and Advisory Vietnam and Do Kim Hien, senior solution consultant, KPMG Tax and Advisory Vietnam
In Vietnam, we have had vast opportunities in conducting SWIFT system security gap assessment projects for Vietnamese banks, and there are best practices that clients should consider while implementing and securing the system according to a SWIFT Customer Security Control Framework (SWIFT CSCF).
Vietnam is a country where internet users account for more than half of the country’s population and this is expected to increase sharply in the coming years.
Digital future for health management 08:00 | 27/02/2021
Digital healthcare is being touted as the main route towards improving care and also lowering costs. Managing director and national head of Healthcare Luke Treloar and Vo Thi Kim Ngan, associate director at KPMGâs Global Strategy Group, share their thoughts on the beneficiaries of digital health transformation and how ready the policies in Vietnam are on this issue.
Managing director and national head of Healthcare Luke Treloar and Vo Thi Kim Ngan, associate director at KPMGâs Global Strategy Group
Over the past two decades, Vietnam has achieved laudable improvements in key quality of life metrics such as life expectancy, infant mortality, and access to affordable medicines. This success is the result of the governmentâs concerted effort to modernise the health system and expand access to affordable care.