TAILIEUCHUNG - Summary of dissertation: The law on life insurance business in Vietnam theoretical and practical issues

The purpose of the thesis is to develop a theoretical background for life insurance business law, and then to assess the statement of current legislation and recommend the solutions for improving legislation of life insurance business in order to meet the requirements of the economy and international integration | MINISTRY OF EDUCATION AND TRAINING MINISTRY OF JUSTICE HANOI LAW UNIVERSITY TRAN VU HAI THE LAW ON LIFE INSURANCE BUSINESS IN VIETNAM THEORETICAL AND PRACTICAL ISSUES Specialty ECONOMIC LAW Code SUMMARY OF DISSERTATION HANOI - 2014 The dissertation is completed at HANOI LAW UNIVERSITY Academic Supervisors 1 Dr. Bui Ngoc Cuong 2 Dr. Nguyen Van Tuyen Reviewer 1 Ass. Prof. Dr. Nguyen Nhu Phat Reviewer 2 Dr. Nguyen Am Hieu Reviewer 3 Ass. Prof. Dr. Le Thi Thu Thuy Dissertation will be examined by the Council of Dissertation Evaluation at Hanoi Law University . Dissertation is available at 1 National Library of Vietnam 2 Library of Hanoi Law University INTRODUCTION 1. Rationale Life insurance business has developed in the world for a long time especially in developed countries. But in Vietnam insurance experts and regulators suppose that Vietnam life insurance market is still relatively new and potential . Besides providing insurance benefits to society life insurance is recognized as a role of effective channel for investment into the national economy with a capital of trillions of dollars worldwide. Life insurance market in Vietnam was officially recognized legally as issuing Decree 100 1993 ND-CP of the insurance business dated 12 18 1993 . From then until now the insurance legal system in general and legal system for life insurance business in particular is gradually improved and adjusted. However to meet the growing demands of Vietnam s economy and of the process of international integration the life insurance business law still needs to be amended and revised. The dispute in life insurance was more and more growing and in some cases originated from the inadequacies of the regulations. The regulations of the insurance business activities such as design distribution investment financial management showed limitations and drawbacks. Regulatory supervision still revealed flaws including the coordination between the governmental agencies and .

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