You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

July 8, 2015

PLC Insurance and Reinsurance Multi-Jurisdictional Guide 2015/16 – Vietnam Chapter

Subscribe to Updates
Practical Law Company

Practical Law Company has published the latest edition of its multi-jurisdictional guide to Insurance and Reinsurance, a country-specific Q&A guide that provides overviews of insurance and reinsurance law and practice in 28 jurisdictions around the world. Vinh Quoc Nguyen, senior attorney-at-law, and Jim Dao, registered foreign attorney, at Tilleke & Gibbins, coauthored the Vietnam chapter of the guide. The chapter covers market trends and regulatory framework, regulation of insurance and reinsurance contracts, corporate structure, regulation of insurers and reinsurers, operating restrictions, reinsurance monitoring and disclosure requirements, insurance and reinsurance policies, insurance and reinsurance policy claims, insolvency of insurance and reinsurance providers, taxation, dispute resolution, upcoming reforms, and trade organizations.

Download Full Article
Related Professionals

Industries

Insurance

Location

RELATED INSIGHTS​ 

January 19, 2017
The Ministry of Finance has issued two separate Notifications, published yesterday, with immediate effect, in the Government Gazette, that will relax the foreign shareholding and board limits for life and non-life insurance companies, for the purpose of promoting stability for insurance companies and the insurance industry.
Read More
December 1, 2016
On November 29, the Office of Insurance Commission (OIC) in Thailand announced that it had approved, in principle, draft notifications that set out the criteria, procedures, and conditions for the issuing and offering for sale of both life and general insurance products through online channels.The key features of the draft notifications are as follows:   
Read More
September 2, 2016
Many people are approached by “investment consultants” selling various investment products and/or life insurance. One of the products they commonly offer is life insurance that is written to pay a benefit based on the performance of particular investments. They may refer to this as an “insurance wrapper,” or explain that the investments (stocks, bonds, mutual funds, etc.) are held “inside” the insurance. Whatever the informal description, it is important to understand that activities involving these types of products are subject to strict regulation under Thai law.
Read More
August 10, 2016
On July 1, 2016, the Vietnam government enacted with immediate effect Decree No. 73/2016/ND-CP guiding the Law on Insurance Business 2000, as amended in 2010 (Decree 73). Decree 73 replaces Decree No. 45/2007/ND-CP (and its amendments) and Decree No. 46/2007/ND-CP.Decree 73 introduces the following key changes to the reinsurance business in Vietnam:
Read More