10 min read
Vietnam’s insurance sector, supported by favourable demographics and low insurance penetration, has long been an attractive destination for foreign investment. Although the market faced a temporary setback in recent years—driven by regulatory tightening and weaker consumer confidence—it is now recovering. M&A activity has picked up across both life and non‑life segments, with investors showing renewed interest in control transactions and bank-insurer joint ventures. With sentiment improving and the regulatory framework more settled, the sector is well positioned for its next phase of growth.
This Insight outlines Vietnam's regulatory framework for foreign investment in the insurance sector, and highlights key practical M&A issues under the Law on Insurance Business 2022 and its guiding regulations.