This marking the highest level since 2023.

A new legal instrument now governs products and benefits in Vietnam’s life insurance market that is hoped to turn around a tough period for premiums and policy numbers.

In his official dispatch dated July 6, Prime Minister Pham Minh Chinh asks credit institutions to continue cutting costs, streamlining administrative procedures, and accelerating digital transformation to lower lending interest rates and support production and business activities of enterprises and individuals.

The resolution encourages the attraction of capital, technologies, high-quality human resources, and infrastructure development to the center.

Vietnam has made efforts to met key requirements for its market to be upgraded to emerging market status.

The Decree took effect on July 1, 2025.