Insurance in Vietnam

Baker McKenzie

At Baker McKenzie, the insurance practice advises domestic and foreign insurers and financial institutions on transactional work and regulatory matters. Based in Hanoi, special counsel Thanh Hai Nguyen advises on restructuring, insurance claims, and policy drafting.

Other key lawyers:

Thanh Hai Nguyen

Frasers Law Company

Frasers Law Company's insurance team advises foreign clients operating in the insurance sector in Vietnam on establishing a business, as well as advising on complex transactions. Led by Mark Fraser, the team advises on risk and regulatory matters to clients which include large financial institutions and state-owned power corporations. Senior associate Phung Thi Thanh Thao is a core member of the group, handling a range of day-to-day advisory work among other matters.

Practice head(s):

Mark Fraser

Other key lawyers:

Phung Thi Thanh Thao

Russin & Vecchi, LLC

Russin & Vecchi, LLC has experience in day-to-day advisory work to insurance clients, as well as handling M&A work and other transactions in the sector.  Mai Thi Minh Hang is the contact in Hanoi whilst in Ho Chin Min City, Nguyen Huu Minh Nhut is recommended.

Vina Legal

Vina Legal has a focus on advising on insurance-related M&A transactions, bancassurance agreements, and insurance litigation work. The team is overseen by Duong Quang Long and is experienced in handling claims disputes, cross-border matters on all manner of policies, and non-contentious insurance matters. Associates Thanh Long Nguyen and Nguyen Bao Huy are core members of the practice and undertake a range of work for key industry players.

Practice head(s):

Duong Quang Long

Key clients

Bao Viet Holdings

Bao Viet Insurance

Vietinbank Insurance Corporation

Post and Telecommunications Insurance JSC

Thai Insurance Public

China Taiping Life Insurance (Hong Kong) Company Limited

VSL Group

Vinh Tan 1 Power Company (China)

Sunshine Group

Vietnam National Textile and Garment Corporation

Vietnam Multimedia Corporation

Cuu Long Infrastructure Development and Project Management Corporation

Power Consulting Joint-Stock Company

Hung Thinh Land Group

Truong Son Construction Corporation

Work highlights

  • Advised Bao Viet Holdings on its sale of new shares to Sumimoto Life Insurance Corporation.
  • Advised Vietinbank Insurance Corporation on selling its to a foreign shareholder from South Korea.
  • Advised Thai Insurance Public on the legal framework in Vietnam.

Tilleke & Gibbins

Tilleke & Gibbins' insurance practice handles a broad scope of matters spanning market entry, disputes and regulatory advice.  Kien Trung Trinh is a key member of the team, which advises on cross-border matters and is connected with the practice in the firm's Bangkok base.

Other key lawyers:

Kien Trung Trinh

Key clients

AIG

Marsh & McLennan

Work highlights

  • Advised Marsh & McLennan on their expansion into to Cambodia, Myanmar, and Vietnam.

Vision & Associates

Vision & Associates' insurance group has experience on day-to-day insurance advisory matters, regulatory work, and policy drafting. Practice head Trong Hieu Dang handles cross-border transactions and Pham Bac is recommended for corporate advisory work.

Key clients

AIG Asia Pacific

QBE Insurance

Asia Capital Reinsurance Group

International Planning Group

Union Insurance Company

Bank for Investment and Development of Vietnam Insurance

Petrolimex Insurance