At a time when most businesses are facing serious losses, with some even in dire situations and having to sell off much of their assets, banks continue to announce profits of thousands of billion dongs.
Commercial Banks with limited credit room have agreed to work for insurance companies and are now forcing customers to buy compulsory insurance before they can receive loans.
Life insurance has been present in Vietnam for more than 20 years, but the percentage of Vietnamese people who have signed for life insurance benefits is still extremely low.