Insurance companies in Vietnam posted an estimated total premium revenue of nearly VND227.5 trillion ($8.9 billion) in 2024, down 0.26% year-on-year, figures from the Ministry of Finance show.

Total insurance payouts stood at over VND93.9 trillion ($3.67 billion), a year-on-year rise of 17.94%.

 Some 85 businesses, including 32 non-life insurance companies and 19 life insurance companies are operating in Vietnam. Their total assets reached more than VND 1 quadrillion ($39.1 billion).

In 2024, their investment into the economy reached over VND850 trillion ($33.3 billion).

In 2025, the total assets of non-insurance companies are expected to surge 2.65%, and the number of insurance companies up 6.6%. Their investment into the economy is projected to rise 5.4%. Total premium revenue is forecast to reach more than VND239.6 trillion ($9.38 billion), up 0.05% compared to 2024.