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International

Vietnamese insurers increase their capital

October 07, 2015 Reprints

Several Vietnamese insurers are increasing their capital, reported VietNamNet Bridge.

Analysts are seeing renewed interest among the nation’s top insurers in securing foreign partners. This shows that insurers in the country are looking to improve their competitiveness. "A lot of insurers plan to raise their charter capital to improve their capability and reinforce the financial position," a report said. Insurance premiums in the country's insurance market totaled 52.68 trillion Vietnamese dong ($2.34 billion) in 2014.

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Vietnamese insurers increase their capital

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