Vietnam’s insurance sector displays a number of compelling strengths. The insurance market has seen high growth, contributing to a transparency of financial backgrounds as well as in the macro-economy.
Insurance industry in Vietnam is highly regulated with the Ministry of Finance (the “MoF”) being responsible for overseeing and regulating the insurance market (through the Insurance Supervisory Authority). The MoF also supervises the operation and activities of players in the sector, such as insurers, insurance agents, brokers, reinsurers and insurance ancillary service providers. As such, insurance businesses in Vietnam are subject to a more complex legal framework, leading to various unique issues that require both expertise and experience to navigate.
DNA lawyers place clients at the center of everything that we handle. We combine specialist market experience with solid legal knowledge in insurance sector to provide clients with practical advice. Our Partner, Mr. Chi Lieu Dang, has been consistently ranked as a Leading Individual in insurance practice area by the Legal 500 given various high-profile transactions that he has involved.