Home Economy

Two ministries sign regulation to support life insurance enterprises

Apr 4th at 09:15
04-04-2017 09:15:33+07:00

Two ministries sign regulation to support life insurance enterprises

The Ministry of Finance and Ministry of Industry and Trade signed on Friday a co-ordination regulation concerning life insurance product approval, contract registration and transaction conditions.

 

With this regulation, life insurance companies will only need to submit the product approval documents and contract registration with the Ministry of Finance, while not having to ask Ministry of Industry and Trade for approval as before.

“This helps businesses to reduce risks and about 20 days of waiting," said Tran Quoc Khanh, deputy minister of industry and trade. This also marks the first time the two ministries have co-ordinated regulations to reduce administrative procedures and support enterprises.

bizhub

MOST READ

NEWS SAME CATEGORY

Malaysians firms look to expand business into VN
ECONOMY Apr 4th at 09:12

Malaysians firms look to expand business into VN

Up to 38 per cent of Malaysian enterprises chose Viet Nam as their favoured expansion destination in Southeast Asia, the United Overseas Bank’s (UOB) Asian...

Cambodia, Myanmar offer VN firms great investment opportunities
ECONOMY Apr 4th at 09:09

Cambodia, Myanmar offer VN firms great investment opportunities

There is a huge opportunity for Vietnamese firms to invest in agriculture in their countries and export agricultural produce to other markets, Cambodian and...

Apple chooses India over VN for R&D centre
ECONOMY Apr 4th at 09:05

Apple chooses India over VN for R&D centre

Apple has chosen India instead of Viet Nam for its US$1 billion Asia Pacific-focused research and development (R&D) centre.

VN sports betting market attracts billions of US dollars
ECONOMY Apr 3rd at 15:23

VN sports betting market attracts billions of US dollars

Soon after the government of Vietnam approved sports betting, investors began plans to pour millions of dollars into projects.

Host of new regulations take effect this month
ECONOMY Apr 3rd at 14:18

Host of new regulations take effect this month

A range of fresh policies coming into effect this month will force major changes nationwide, including registration before drawing money from the State budget and...

2017 salary guide reveals top-paying jobs
ECONOMY Apr 3rd at 14:15

2017 salary guide reveals top-paying jobs

Adecco Vietnam has launched its fourth Salary Guide, which includes an update and overview of salary information for key positions in various sectors and industries.

UK oceanography centre brings expertise to VN expo
ECONOMY Apr 3rd at 14:08

UK oceanography centre brings expertise to VN expo

The UK’s National Oceanography Centre sent a delegation to HCM City for the international maritime exhibition INMEX Vietnam which ended on March 31.

Two more to be tried in PVC embezzlement case
ECONOMY Apr 3rd at 14:05

Two more to be tried in PVC embezzlement case

The Investigative Police Agency of the Ministry of Public Security will prosecute two additional suspects related to the embezzlement case against former...

Malaysia promotes medical tourism in HCM City
ECONOMY Apr 3rd at 14:04

Malaysia promotes medical tourism in HCM City

Penang Medical Tourism Health Talk and Exhibition opened in HCM City on Saturday with the participation of six leading general hospitals and health organisations...

Vietnamese airlines rowing over floor, ceiling rates for domestic services
ECONOMY Apr 1st at 14:54

Vietnamese airlines rowing over floor, ceiling rates for domestic services

Vietnamese airlines did not see eye to eye with one another when responding to a Ministry of Transport's plan to cap airfares for domestic services.

Read More

MOST READ

Back To Top