The banking, brokerage and insurance sector indices gained between 1.2 per cent and 1.9 per cent, according to vietstock.vn.
Samsung Life Insurance is seeking to make inroads into Việt Nam through an equity investment in Bảo Việt Life, the country’s largest life insurer, Koreatimes reports.
The State Capital Investment Corporation (SCIC) has made inappropriate investments that led to inefficient use of State capital, according to the State Audit of Vietnam (SAV).
Việt Nam’s insurance industry achieved high on-year growth of 24.35 per cent in the first half of 2018, helping total revenue to reach more than VNĐ58.65 trillion (US$2.55 billion).
The finance, banking and insurance industry expanded 7.89 per cent in the first nine months of this year, the highest level recorded in the past seven years.
Bảo Việt Life Insurance Corporation will open five new affiliated companies this month, raising its total number of subsidiaries to 75 in 63 cities and provinces nationwide.