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ARTICLE · 20 NOVEMBER 1995

Vietnam - Legal Overview - Insurance

Mayer Brown
Mayer Brown
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The laws of Vietnam are complex and new legislation is constantly being introduced. What follows is no more than an introductory overview that we hope will assist investors to decide which areas of law they will need to research further.

This summary is, necessarily, selective and is no substitute for detailed legal advice.

1. The law governing Insurance Companies ("ICs") and Insurance Booking Companies ("IBCs") is contained in --

- Decree IOOCP of 18 December 1993- on Insurance Business ( "Decree 100")
- Circular No. 46 TC- CDTC of 30 May 1994- containing provisions to implement Decree 100 ("Circular 46")
- Circular No. 45 TC- CDTC- on Financial Management of Insurance ( "Circular 45")

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