Developing civil insurance in Vietnam: Current challenges and strategic solutions

This study analyzes the current state of civil insurance in Vietnam and proposes strategic solutions to foster its development. The findings highlight several critical areas for improvement, including the need to enhance public awareness of civil insurance, upgrade infrastructure and service quality, refine the legal and regulatory framework, lower insurance premiums, and integrate advanced technologies into service delivery processes. These recommendations aim to promote broader access to civil insurance, increase market participation, and contribute to the sustainable growth of Vietnam’s insurance sector.