Stock market capitalization hits more than VND6 trillion
VOV.VN - As of late April, the stock market capitalisation reached more than VND6,000 trillion, marking a rise of 13.9% compared to the end of 2020 and equivalent to 95.8% of GDP, according to figures released by the Ministry of Finance.
Throughout the reviewed period, the VN-Index reached 1239.39 points, representing an increase of 4.0% in comparison to the end of last month and a rise of 12.28% from the end of last year.
With regard to the insurance market, as of late April this market comprised of 72 insurance businesses, including 31 non-life insurers, 18 life insurers, two reinsurance enterprises, 20 insurance brokerage enterprises, in addition to a branch of a foreign non-life insurers.
The total assets of the insurance market are estimated to stand at over VND608,320 billion, a climb of 22.72% from the same period last year. Of the figure, non-life insurance firms made up VND101,471 billion whilst life insurers were at VND506,853 billion.
Elsewhere, investment back into the national economy reached approximately VND501,292 billion, up by 22.06% over the corresponding period from 2020. This includes VND52,485 billion from non-life insurance businesses and VND448,807 from life insurance enterprises.
Overall, the insurance premium revenue is estimated to be VND61,208 billion, representing a boost of 19.12% over the same period from last year.