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Insurance companies see profits plummet on stock trading losses

Insurance companies see profits plummet on stock trading losses

Insurance companies reported double-digit falls in profits for the second quarter despite rising revenues after their securities market investments returned losses.
Vietnam to ban insurance companies from real estate investment

Vietnam to ban insurance companies from real estate investment

Insurance companies will not be allowed to invest in real estate starting Jan. 1, according to the latest changes in the insurance law that legislators have voted on.
June 16, 2022 | 05:15 am PT
Seasonal workers getting short end of stick

Seasonal workers getting short end of stick

Many seasonal workers don't have labor contracts despite lasting working durations, preventing them from accessing benefits like social insurance or sick pay.
May 8, 2022 | 01:00 am PT
Insurance companies see profits soar

Insurance companies see profits soar

The country’s top insurers have reported double-digit increases in profits thanks to growth in business and windfall income from financial activities.
March 18, 2022 | 08:00 pm PT
Buy water from China, American experts advise downstream Mekong countries

Buy water from China, American experts advise downstream Mekong countries

American experts are recommending that countries in the Lower Mekong reach an agreement to pay China for water releases during times of crisis.
February 15, 2022 | 07:13 am PT
Sumitomo to invest in Vietnam’s managed-care market

Sumitomo to invest in Vietnam’s managed-care market

Japanese trading house Sumitomo Corp. will invest tens of millions of dollars in Insmart, a major healthcare intermediary in Vietnam, targeting Southeast Asia’s growing managed-care industry.
September 6, 2021 | 05:17 pm PT
AIA Vietnam, Tiki ink digital insurance platform partnership

AIA Vietnam, Tiki ink digital insurance platform partnership

An exclusive partnership between life insurer AIA and digital platform Tiki has been established, aiming to offer Vietnamese families healthier, longer, and better lives.
July 7, 2021 | 07:00 pm PT
Workers sell social insurance books to survive Covid-19 finance crunch

Workers sell social insurance books to survive Covid-19 finance crunch

Blue-collar workers are offering to sell their social insurance books online at a discount since they urgently need money and cannot wait one year to draw unemployment benefits.
May 18, 2021 | 08:38 pm PT
Medical bills accumulate despite Vietnam's rising insurance cover

Medical bills accumulate despite Vietnam's rising insurance cover

Vietnamese have to pay nearly half their own medical expenses, twice the rate recommended by the World Health Organization (WHO).
April 7, 2021 | 05:15 am PT
$260 mln proposed to train workers vulnerable to Covid unemployment

$260 mln proposed to train workers vulnerable to Covid unemployment

The labor ministry plans to earmark VND6 trillion ($260.4 million) for training workers at risk of losing their jobs due to Covid-19.
March 16, 2021 | 08:27 pm PT
Sun Life Vietnam reveals strategy to increase insurance market share

Sun Life Vietnam reveals strategy to increase insurance market share

Sun Life Vietnam has cooperated with banks via a bancassurance partnership to offer more solutions to customers and improve client experience.
February 28, 2021 | 05:40 pm PT
Man gets death for faking own death with nephew's murder

Man gets death for faking own death with nephew's murder

A former commune party secretary in the Central Highlands’ Lam Dong Province was sentenced to death Friday for murdering his nephew in a ploy to get insurance money.
January 8, 2021 | 04:58 pm PT
Manulife to become VietinBank’s exclusive insurance partner with Aviva purchase

Manulife to become VietinBank’s exclusive insurance partner with Aviva purchase

Canadian insurer Manulife will acquire the Vietnamese business of British company Aviva and its 16-year bancassurance deal with VietinBank.
December 14, 2020 | 08:42 pm PT
Insurance firms step up recruitment to push bancassurance sales

Insurance firms step up recruitment to push bancassurance sales

Insurance companies are hiring more staff to boost sales to bank customers as lenders seek to increase revenue from non-traditional banking services.
September 3, 2020 | 06:00 am PT
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