Vietnam’s insurance industry achieved high year-on-year growth of 24.35 percent in the first half of 2018, helping total revenue to reach 2.58 billion USD.

Besides maintaining a high growth rate, the financial status of insurance firms also improved in the first six months. Their total assets rose an estimated 27.33 percent on-year to almost 337 trillion VND (14.9 billion USD).

This year, the insurance sector has targeted revenue of 5.7 billion USD, up 22.38 percent against last year. If it hits the target, it would be the fifth consecutive year the insurance industry has posted annual growth of more than 20 percent.-VNA