Insurance companies show signs of recovery in 2024
Total premium revenue reaching VND227.5 trillion ($8.9 billion).
Topic: Insurance companies
Insurers may be prohibited from investing in real estate
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.