The total revenue from insurance premiums in the market is estimated to have reached VND237.2 trillion (US$9.1 billion) last year, an increase of 4% compared to the previous year.

PVI Insurance, the first and only non-life insurance company in Vietnam, has triumphed by winning in two categories: General Insurance of the Year and Underwriting Initiative of the Year at the Insurance Asia News (IAN) Awards for Excellence 2025.

PVI Insurance has made history as the first and only non-life insurance company in Vietnam to exceed VND20 trillion (roughly US$800 million) in revenue in 2024.

Prudential Vietnam Assurance Private Ltd. and HSBC Bank (Vietnam) Ltd. have entered into a bancassurance partnership.

While mergers and acquisitions in the Vietnamese life insurance sector have been relatively quiet, M&As in the non-life insurance sector have been quite strong, with the participation of both foreign and domestic investors.

PVI Insurance Corporation (PVI Insurance) proudly achieved remarkable recognition on June 7, as the sole insurance enterprise in Vietnam honoured in the prestigious "International Finance Insurance Awards" by the United Kingdom's International Finance Magazine (IFM).

It is critical to improve the quality of insurance agents and consultants to consolidate trust of insurance buyers and bring the life insurance market back on track, experts have said.

Vietnam remains a key life insurance market in Asia, the Insurance Association of Vietnam told a meeting in Ho Chi Minh City on April 24.

Vietnam’s non-life insurance market has continued to attract foreign investors in the first months of this year.

Experts have predicted that the health and vehicle insurance sectors will continue to serve as the primary growth drivers for non-life insurance in Vietnam this year.