To implement the CPTPP in relation to insurance auxiliary services, the Government of Vietnam has recently issued a set of new regulations featuring amendments and implementation under the Insurance Business Law.1
Specifically, following the adoption of Law No. 42 on amendments to the Insurance Business Law in June 2019,2 the Government of Vietnam has now issued Decree No. 80 on the implementation of Law No. 42, so to provide new guidelines on insurance auxiliary services provided by insurers and financial services providers to the Vietnam market.3
Additionally, the Ministry of Finance has separately issued Circular No. 65 to provide detailed guidelines specifically on training, examination, issuance and recognition of insurance auxiliary certificates.4
1Law on Insurance Business No. 24/2000/QH10 dated 09 December 2000, as amended by Law on amendments and supplementation of a number of provisions of Law on Insurance Business No. 61/2010/QH12 dated 24 November 2011 (Insurance Business Law).
2Law No. 42/2019/QH14 dated 14 June 2019 on amendment and supplement to certain provisions of Law on Insurance Business and Law on Intellectual Property (Law No. 42).
3Decree No. 80/2019/ND-CP dated 01 November on amendment and supplement to certain provisions of Decree No. 73/2016/ND-CP dated 01 July 2016 of the Government on detailed regulation on the implementation of Insurance Business Law (Decree No. 80).
4Circular No. 65/2019/TT-BTC dated 16 September 2019 regulating the content of training, examination, issuance and recognition of Insurance Auxiliary Certificate (Circular No. 65)