Vietnam's insurance sales see six-year high growth
Insurance companies in Vietnam reported premium revenues of more than VND38.61 trillion (US$1.7 billion) in the first six months, an increase of 25.9% from a year ago, local media have reported, citing the finance ministry.
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More than 54% of the reported figure came from the life insurance sector, which grew nearly 36.8%.
Non-life insurance revenues, meanwhile, rose 15% compared to the same period last year.
Official figures showed Vietnam now has 17 insurance companies, four of which -- AIA, Bao Viet, Dai-ichi, Manulife and Prudential -- controlled more than 75 percent of the market.
The Association of Vietnamese Insurers forecast the local insurance market to grow 20% this year.
