Vietnam Issues New Decree on Insurance Business
Effective 1 July 2016, Decree No. 73 makes amendments and improvements to the nearly 10-year-old rules on insurance business conditions. Decree No. 73 aims to reform the insurance legal framework and covers a comprehensive scope of legal aspects, from the corporate establishment and operation to financial and investment regimes, for local insurers, insurance brokers, agents and insurance-related entities in Vietnam.