Vietnam Released Draft New Decrees on Insurance Business to Improve the Insurance Legal Environment
The Government of Vietnam has recently released drafts of two new decrees (Draft New Decrees) to propose reforms and amendments to replace the nearly ten-year-old rules under Decree No. 451, Decree No. 462, as amended, in 2011 by Decree No. 1233, and in 2014 by Decree No. 684 (collectively, the Current Rules), implementing the Law on Insurance Business.