Global Trade Alert
Global Trade Alert

Vietnam: New measures for foreign insurance companies introduced

Announcement

16 Jun 2022

In June 2022, the government of Vietnam introduced new measures for foreign insurance companies. 

Source

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Number of interventions

3

2 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

01 Jan 2023

Revocation date:

No revocation date

Updated: 16 Jun 2022
FDI: Treatment and operations, nes In force
On 16 June 2022, the government of Vietnam issued Law No. 08/2022/QH15 requiring the general director and legal representatives of foreign branches of insurance companies to reside in Vietnam. The req...
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Updated: 16 Jun 2022
FDI: Entry and ownership rule In force
On 16 June 2022, the government of Vietnam issued Law No. 08/2022/QH15 adding new requirements for granting licenses for the establishment and operation of foreign branches of insurance business in Vi...
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Implementation date

01 Jan 2023

Revocation date:

No revocation date

Updated: 16 Jun 2022
FDI: Treatment and operations, nes In force
On 16 June 2022, the government of Vietnam issued Law No. 08/2022/QH15 allowing 100% foreign-invested insurance companies to conduct business without cooperating with local companies. Previously, thes...
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