During a press briefing in Hanoi on August 8, Nguyen Quang Huyen, Deputy Head of the Ministry’s Insurance Management and Supervision Department said that lauded the contributions of the insurance sector to development, saying that it helped improve the business climate, carry out policies on macro-economic stability and ensure social welfare system.
As of June 30, the total insurance value of 28 coastal provinces and cities was 37.42 trillion VND (1.67 billion USD). Total premiums in the period reached 387 billion VND (17.27 million USD), covering 14,977 fishing vessels and 145,960 crew, he said.
The enterprises providing insurance services for offshore-fishing vessels were Bao Viet Insurance, Bao Minh JSC., Petrolimex and PVI Insurance.
