The document of the Insurance Management and Supervision Department

clearly states that insurance businesses are requested to actively review and
synchronously implement the above solutions to ensure compliance with legal
regulations. In case a violation is detected (if any), the insurance enterprise
shall have a plan and immediately take remedial measures and report it to the
Ministry of Finance. In 2023, the Ministry of Finance will continue to
strengthen inspection and examination; coordinate with the State Bank (SBV)
in inspecting and examining insurance distribution activities through banks.
The inspection and examination is expected to be carried out at both insurers
and partner banks that distribute insurance products. In case of detecting
violations, the competent authorities will strictly handle according to the
provisions of law. Along with that, the Ministry of Finance has also requested
insurance businesses to strengthen inspection and supervision of the
implementation of insurance agency contracts with banks, strictly complying
with the provisions of the Law on Insurance Business. , especially complying
with regulations not to force organizations and individuals to buy insurance in
any form. Minh Phuong MAYBE YOU ARE INTERESTED Promoting businesses
to directly participate in foreign distribution networks Supporting Ho Chi Minh
City to develop into a regional business and financial center Promote
management and supervision of insurance market activitiesMore than 5
million customers International and domestic to Ho Chi Minh City in the first 2
months of the year Focus on innovation in Agriculture and Rural Development
Banking sector proactively grasps and removes difficulties in credit access
Vietnam Airlines and Phu Yen province contact sign cooperation agreement
COMMENTS COMMENTS First and last name Email Comments