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Vietnam: Agriculture insurance pilot scheme posts losses

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An agriculture insurance pilot scheme in Vietnam, that ran between 2011 and 2013, posted losses, Vietnamese website Baodongkhoi.com.vn reported.

A unit of Bao Minh Insurance Corp. that was part of the scheme paid more than 82 billion Vietnamese dongs ($4.1 million) in compensation, losing more than 200% when compared with the revenue. During a recent meeting, it was concluded that while agriculture insurance is beneficial for the people, more improvements are needed.

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