Insurance ensures social welfare
Vietnam’s insurance market plays an important role in socio-economic development, thus implementing social welfare policies, particularly in agriculture, fisheries, and human lives, said an official from the Ministry of Finance.
![]() |
Huyen lauded the contributions of the insurance sector to development, saying that it helped improve the business climate, carry out policies on macro-economic stability and ensure social welfare system.
As of June 30, the total insurance value of 28 coastal provinces and cities was VND37.42 trillion (US$1.67 billion).
Total premiums in the period reached VND387 billion (US$17.27 million), covering 14,977 fishing vessels and 145,960 crew, according to Huyen.