Vietnamese insurers see 35% rise in total assets
Vietnam’s insurers noticed their whole property surge sharply by 35% to Vnd365.52 trillion (US$15.55 billion) through the first eight months of this 12 months.
Information from the nation’s finance ministry confirmed that the sector re-invested greater than Vnd289 trillion (US$12.four billion) into the financial system, a 28% rise from a 12 months earlier.
The identical knowledge additionally confirmed that the entire from January to August rose 39% to Vnd80.84 trillion (US$three.48 billion).
Complete income of Vnd129.24 trillion (US$5.5 billion) to this point this 12 months, up 22% from final 12 months.
It additionally seeks to extend its whole property to Vnd370.81 trillion (US$15.95 billion) this 12 months.
The finance ministry mentioned it will finalise a undertaking on restructuring the insurance coverage and securities market within the 2017 to 2020 interval through the remaining months of the 12 months.
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