Vietnam's insurance sale hits five-year high

By H.Suong - M.Phuong, Thanh Nien News

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Vietnam's insurance sale reached around VND68 trillion (US$2.96 billion) by 2015 end, up 21.43 percent year on year, the highest growth since 2011, according to latest figures released by the Ministry of Finance.
Non-life insurance sector accounted for more than 45 percent of the total sale and recorded a rise of 14 percent, while life insurance sector's revenue grew 29.5 percent, the ministry said.
Local insurance companies' combined payouts were estimated over VND21 trillion ($916.35 million), it said.
Vietnam's insurance market is forecast to grow over 10 percent in 2016.

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