The list of the top 10 most prestigious life and non-life insurance companies in Vietnam in 2023(Photo: //markettimes.vn/)
Hanoi (VNA) - The Vietnam Report JSCon June 23 announced the list of the top 10 most prestigious life and non-lifeinsurance companies in Vietnam in 2023.
The 10 most prestigious lifeinsurance companies include Bao Viet Insurance, Dai-Ichi Vietnam, AIA Vietnam, Prudential Vietnam, Chubb Vietnam, Generali Vietnam, HanwhaLife Vietnam, Cathay Vietnam, MB Ageas and Mirae Asset Prévoir.
Meanwhile, the top 10 non-life insurance companies in 2023are Bao Viet Insurance, PVI Insurance, Bao Minh Joint Stock Corporation, VietinBankInsurance Company, Military Insurance Corporation (MIC), Petrolimex Joint StockInsurance Company (PJICO), BIDV Insurance Corporation, Aviation Insurance JSC, AgricultureBank Insurance Joint Stock Corporation, and Saigon-Hanoi Insurance Corporation.
Vietnam Report made assessments independently on the foundation of their financial capacity and mediareputation, and a survey of relevant organisations and individuals conducted inMay – June this year.
According to Vietnam Report General Director Vu Dang Vinh, insurance premiumrevenue in the first five months of 2023 was estimated at nearly 93.2 trillionVND (3.96 billion USD), down nearly 1.5% over the same period last year. Many insurers admit thatthis is a difficult period for the insurance market.
Experts held that after economic fluctuations and disruptions inthe global supply chain due to the COVID-19 pandemic, the Law on InsuranceBusiness (amended), which took effect on January 1, 2023, is expected to be a doseof “vaccine” to make the insurance market more transparent.
They believed that difficulties facing thesector will last for only a short time, and the potential of the market remainsgreat.
Up to 72.7% of the respondents in the survey by Vietnam Report said that strongtechnological development and application of technology in all stages of theinsurance industry’s value chain represent the greatest opportunity to promote recoveryof the industry./.
The non-life insurance sector has seen a flurry of merger and acquisition (M&A) deals over the past two years, partly reflecting the attractiveness and keen competition of the market, which still has room for growth.
It is critical to improve the quality of insurance agents and consultants to consolidate trust of insurance buyers and bring the life insurance market back on track, experts have said.
PVI Insurance Corporation (PVI Insurance) proudly achieved remarkable recognition on June 7, as the sole insurance enterprise in Vietnam honoured in the prestigious "International Finance Insurance Awards" by the United Kingdom's International Finance Magazine (IFM).
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
The list of the top 10 most prestigious life and non-life insurance companies in Vietnam in 2023(Photo: //markettimes.vn/) 
