Vietnam’s insurance industry has witnessed a rebound in the first two months of 2024, with the Ministry of Finance reporting a 1.6% increase in total insurance premium revenue to VND33.9tr (USD1.4bn) compared to the same period last year. Investments by insurance companies into the economy surged by 12.7% to VND780.7tr, while total assets grew by 11% to VND934.8tr. This positive trend follows a challenging 2023, where the industry saw an 8% decline in premium revenue and a significant 44.5% drop in new premiums in the life insurance sector. Nonetheless, insurance benefits disbursements rose by 32% to nearly VND81tr. The Insurance Association of Vietnam counts 82 firms within the market, spanning across various insurance sectors.