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Friday, 23 Mar 2018

Economy news

Italian life insurance group enters Vietnam

kinhteVN2011The Vietnamese Ministry of Finance has granted an operating licence to the Generali Vietnam Life Insurance Company, a branch of Italy’s leading life insurance group Assicurazioni Generali S.p.A.
Wholly owned by the Generali group, the company is headquartered in Ho Chi Minh City, where a representative office opened at the end of 2009, Generali said on April 21.
Generali highly valued the untapped potential of the Vietnamese insurance sector, as evidenced by its growth rate of 22 per cent last year, a population of 88 million people coupled with a low insurance penetration ratio of 1.6 per cent of GDP and a domestic saving ratio close to 30 per cent of GDP.

Last year, Generali’s revenues from insurance operations in Asia rose by 43.6 per cent. Established in 1831 in Trieste, last year, Assicurazioni Generali S.p.A was assessed the world’s second largest insurance supplier in terms of profitability, behind AXA group of France.


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1 European countries recognize Vietnam’s market economy status Ngoc Bui 387
2 Planning for 2013 Ngoc Bui 499
3 FDI disbursement maintains momentum Ngoc Bui 413
4 Vietnam Industrial Investment Report 2011 proves practical and useful Ngoc Bui 395
5 FDI disbursement maintains momentum Ngoc Bui 454
6 Vietnam to refund VAT to foreigners from July 1 ThangLong 423
7 Plans for restructuring weak banks ready Ngoc Bui 445
8 Chinese unskilled laborers flooding Hai Phong City Ngoc Bui 414
9 Interest rates down, but cash keeps flowing to banks Ngoc Bui 419
10 BOT more favored than PPP by foreign investors for infrastructure projects Ngoc Bui 332

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