Swiss Re becomes latest foreign investor in Vietnam market

Vietnam’s insurance and reinsurance firms are attracting an increasing amount of interest, and investment, from overseas

The growing interest of foreign investors in the Far East is not confined to China. Its southern neighbour, Vietnam is proving to be strong competition for foreign investment. The country’s state owned sole reinsurer, the Vietnam National Reinsurance Corporation (VINARE), with its head office in Hanoi, has sold 25% of its equity to Swiss Re, of Zurich. The Swiss company paid US$79 for the shares and is the only foreign shareholder in this company.