18
companies and 12 insurance brokers companies.
By August 2016: Total assets reached 225,502
billion VND (up 17%); of which, the non-life
insurance businesses asset is 61,000 billion VND
(up 7%), life insurance companies is 164,502
billion VND (up 27.3%), compared to the same
period of 2015. The total equity reached 50,080
billion VND (up 20%), in which non-life insurance
companies is 22,149 billion VND (up 16.7%), life
insurance companies is 27,931 billion VND (up
27.3%), compared to the same period in 2015.
Reinvestment in the economy reached 178,453
billion VND (up 24%), in which non-life insurance
companies reached about 32,868 billion VND (up
18.1%); life insurance companies reached about
145,585 billion VND (up 26.6%), compared to the
same period in 2015. Total premium revenues
reached 52,883 billion VND (up 22.1%) compared
to the same period of 2015. In which revenue
of non-life insurance premiums is estimated at
23,627 billion VND (up 14%); premium revenue of
life insurance is estimated at 29,256 billion VND (
up 29.4%), compared to the same period of 2015.
In terms of brokerage activity, total premiums
arranged through brokers is estimated at 4,290
billion VND, an increase of 0.8% over the same
period in 2015.
Policy development orientation in the 2016-
2020 period: Ministry of Finance is currently
with foreign reinsurers and cost saving. In the
securities sector, Vietnam has committed to
open market for cross-border supply (Mode 1)
for consultancy services and auxiliary services
relating to trading for own account or for account
of customers; for commercial presence (Mode 3),
open for consultancy services, intermediary and
auxiliary services relating to trading for own
account or for account of customers; open Mode 1
and Mode 3 for financial data processing service.
These commitments are accompanied by a certain
number of conditions on the regulations and
licensing procedures of Vietnam. As in the TPP,
Vietnam hasalso committed to national treatment
for foreign service suppliers in the opened areas
of securities services: open market for cross-
border supply for financial information, transfer
and provision, advisory services, intermediary
and auxiliary services.
The development of the financial services market
in the integration period
Insurance market: Implementation of WTO
commitments has promoted the development of
the insurance market. In term of market size, the
number of companies increased from 37 (in 2006)
up to 61 companies (2015), in which, there are
29 non-life insurance enterprises, 02 reinsurance
companies, 01 non-life insurance; 17 life insurance
TABLE 1: TRADING VALUE OF FOREIGN INVESTORS AS OF DECEMBER 2017 (VND BILLION)
Time
Listed shares
Stock registered trading
Bonds
Total
Buy
Sell
Buy
Sell
Buy
Sell
Buy
Sell
Năm 2016
95,252
102,164
1,299
684
74,328
61,539
170,879
164,387
01/2017
7,042
6,320
291
81
5,703
3,448
13,036
9,849
02/2017
7,985
7,342
405
231
7,588
5,864
15,978
13,437
03/2017
11,152
9,017
390
249
10,189
1,927
21,731
11,193
04/2017
12,566
10,342
294
185
5,067
4,385
17,927
14,912
05/2017
9,703
8,427
359
149
6,107
6,299
16,169
14,875
06/2017
10,303
8,260
551
357
8,200
4,391
19,055
13,008
07/2017
12,624
10,337
514
409
8,198
5,978
21,336
16,724
08/2017
9,405
6,838
239
76
6,204
6,099
15,848
13,013
09/2017
8,263
8,961
322
154
5,838
4,850
14,424
13,966
10/2017
14,035
14,554
569
140
4,546
5,227
19,150
19,921
11/2017
54,795
44,380
1,170
318
4,393
5,915
60,357
50,613
12/2007
17,879
16,725
627
262
6,576
5,044
25,082
22,031
Source: State Securities Committee
