Vietnam’s insurance market, one of the fastest growing markets in the world, has expanded rapidly over the past few years. And with support from the liberalization post WTO agreements, economic growth, rising incomes and increasing insurance awareness, the market will continue to grow at fast pace in coming years. The life insurance market in Vietnam seems very promising as the country has a population of over 85 Million people, with only eight life insurers, reflecting a low penetration rate. Thus, life insurance market can prove to be a boon for foreign life insurers, says "Vietnam's Insurance Sector Forecast to 2010”.
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