The US-based AON Vietnam will focus on providing services and products for State-owned and equitised enterprises as part of its plan to expand business operations in Vietnam, said the company’s general director Vu My Lan.

”When Vietnam joins the World Trade Organisation, barriers to the operation of foreign insurance and insurance broker firms will be removed to clear the way for an equal market”, she added.

According to the Vietnam Insurance Association, AON Vietnam's insurance broker and reinsurance programmes now account for 47 percent of the market share. Its US$20 million annual revenue tops the list of eight businesses operating in the same field.

AON is supplying reinsurance services for Vietnam Airlines, the Dung Quat oil refinery and the Ca Mau gas-electricity-nitrogenous fertiliser complex projects of Petrol Vietnam, and big power plants of the Electricity of Vietnam corporation.