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Vietnam: Modest growth predicted for nonlife insurance segment

January 14, 2014 - 6:00am


Vietnam's nonlife insurance segment is expected to grow by around 8% in 2014, Bernama reported.

Luong Quang Ban, deputy director of PetroVietnam Insurance Corp., said the country's insurance market could achieve double-digit growth.

But Ton Lam Tung, general director of the BIDV Insurance Corp., told local news source Thoi bao Tai chinh Vietnam that 2014 would be a challenging year for the insurance industry, particularly for the nonlife segment.

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