Tag: Insurance companies

The draft Law on Insurance Business, which is being discussed by the National Assembly, prohibits insurance companies from investing in real estate, but the Ho Chi Minh City Real Estate Association (HoREA) still wants capital from the industry. HoREA believes that insurance companies should still be allowed to use idle capital from their professional reserves to make financial investments and contribute capital to the real estate sector.

According to the Viet Dragon Securities Corporation (VDSC), interest rates on bank deposits have increased only slightly, by 30-50 per cent, which is not considered high, while the stock market is still gloomy, which together with large payouts have led most insurance companies to forecast negative profit growth in 2022.