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Vietnam: Finance ministry to inspect 26 insurance enterprises


Vietnam's Ministry of Finance has said it will improve regulatory oversight on the insurance sector and will be conducting inspections on 26 insurers and brokers in 2014, including local subsidiaries of some major global firms, Vietnamese news website Tinnhanhchungkhoan.vn reported.

The regulator would also look at the capital requirements of insurance enterprises.

Problematic factors in the Vietnamese nonlife sector include violation of rules and inappropriate compensation practices.

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