Vietnam opens its doors to foreign insurers

Vietnam is opening the doors to its insurance industry, inviting foreign insurers to set up shop and do business within the country. The move comes as government officials begin to make significant changes to the country’s regulatory framework. Vietnam is home to one of the most rapidly growing insurance markets in the world and the rate of growth has only increased in recent years. A.M. Best Company, a renowned rating agency for the world’s insurance industry, expects that the demand for insurance will soar as the nation continues to develop…

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