Vietnam’s Total insurance premium revenue in Q1 2025 reached VND 56.58 trillion or US$2.26 billion, up 5.62 percent year-on-year. Non-life insurance recorded VND 22.01 trillion or US$880.4 million, rising 10 percent, with life insurance reaching VND 34.56 trillion or US$1.38 billion, growing 3 percent, according to data from the Ministry of Finance.
Of note, the non-life segment outpaced life insurance in growth, driven by increased demand for health, property, and motor insurance. Conversely, life insurance saw more moderate gains amid ongoing restructuring and tighter regulation following past scandals in the sector.
See also: Insurance in Vietnam 2025: Growth, Key Players & Regulations
