Manulife Financial Corporation, via its direct subsidiary The Manufacturers Life Insurance Company, has reached an agreement to sell MVI Life to Asahi Mutual Life Insurance Company (Asahi Life).
The Nat CAT events that struck Vietnam in 2025 till November have left 409 dead or missing and caused estimated economic loss of over VND85tn ($3.2bn). Over 700 people were injured in these catastrophic events that have ravaged Vietnam since the beginning of the year.
The government plans to raise health insurance benefits to 100% of covered costs for near-poor households and those aged 75 and older who receive social pensions, reported the Vietnam News.
Vietnam has tightened measures against organisations that delay or evade compulsory payments to social insurance (SI) and unemployment insurance (UI) funds. Under Decree No. 274/2025/NÐ-CP, organisations that fail to pay on time will be required to pay an additional 0.03% per day on the overdue amount, calculated based on the unpaid contribution and the number of delayed days.
FM has appointed Mr Calvin Kuan as client service manager for Southeast Asia.
Several banks are moving to establish insurance companies to expand their financial ecosystems and gain a stronger foothold in the bancassurance market. The banks include Asia Commercial Joint Stock Bank (ACB), VPBank and Techcombank.
Rising demand from strong export performance and sustained economic growth has prompted international insurer Allianz Trade to open its first office in Vietnam, located in the country's financial capital, Ho Chi Minh City. This was announced by the firm in a 22 October 2025 press release.
Vietnam's insurance law Insurance Business Law 2022 has contributed a lot to promote the insurance market development in the country; however, the industry's growth is now showing signs of slowing, hence it is necessary to have a relook on the existing law.
Chubb Life Vietnam and MoMo, Vietnam's leading financial technology group have launched Critical Illness Insurance+, a fully digital critical illness insurance solution now available through the MoMo App.
Allianz Trade has appointed Ms Ly Dao as country manager for Vietnam, according to a LinkedIn post. In her new role, she will help the company pave the way for future expansion.