Prime Minister Nguyen Xuan Phuc wished the Italian life insurance group Generali success in doing business in Vietnam during his reception in Hanoi for the group’s Director General Philippe Donnet.
Prime Minister Nguyen Xuan Phuc (R) and Philippe Donnet, Director General of the Italian life insurance group Generali (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc wished theItalian life insurance group Generali success in doing business in Vietnamduring his reception in Hanoi on June 22 for the group’s Director GeneralPhilippe Donnet and the Italian Ambassador to Vietnam Cecilia Piccioni.
The PM said the life insurance market in Vietnam is still small, butwith a population of nearly 100 million, the market has great potential fordevelopment.
He stressed that with stable socio-political situation, extensiveinternational integration and full adherence to commitments to the World TradeOrganisation, Vietnam provides a good environment for economic growth and thedevelopment of life insurance market.
Philippe Donnet said he was impressed by Vietnam’s growth in the pasttime, noting that the growth is a favourable condition for the development ofthe life insurance market.
According to Donnet, his group has gained certain success during itsnearly one decade operation in Vietnam. He expressed his hope that theVietnamese Government and the Prime Minister will facilitate the group’sbusiness.
In response, PM Phuc said Generali, which is the leading life insurancecompany in Italy, should adopt suitable operation methods and cooperate withVietnamese partners and agencies to increase the number of people participatingin life insurance.
The Government leader reiterated the Vietnamese Government’s intentionto continue refining institutions and policies to facilitate foreign investors’operation in Vietnam, including in the insurance sector.
He urged Philippe Donnet and the Italian Ambassador to campaign for theItalian Government’s support and adoption of the Vietnam-EU Free TradeGovernment.
The PM asked Ambassador Cecilia Piccioni to work closely with theVietnamese side to well organize the celebration of the 45th anniversary of Vietnam-Italy diplomatic relations this year.-VNA
The insurance market has maintained a high growth rate of 21.2 percent in 2017, gaining revenue of 105.61 trillion VND (4.65 billion USD), a senior finance ministry official has said.
The participation of foreign investors in Vietnam’s insurance market will develop the market while enriching domestic insurers with experience and governance.
The government is developing a scheme for reforming Vietnam’s social insurance policy aiming to establish a multi-tiered social security system, said Deputy PM Vuong Dinh Hue.
Vietnam proposed several priorities: narrowing the digital divide, strengthening women’s leadership in the digital economy and AI governance, and mobilising sustainable financing for gender equality initiatives in line with each country’s national priorities and context. Vietnam also advocated for genuine women’s participation and leadership across all areas of public life.
Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
Highlighting the transformative potential of the draft law in revitalising Vietnam’s railway industry, Hoang Van Cuong, a deputy of Hanoi, expressed his support for Article 39, which empowers the Prime Minister to issue a list of railway-related goods and services to be assigned or ordered from domestic enterprises for production.
According to the Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs, is under investigation for allegedly taking bribes in connection with a case involving the Hoang Long Construction and Manpower Supply JSC and related units.
Chairing a national conference on the organisation of the examination on June 18, the PM highlighted the historical significance of the examination, as the restructuring of provincial-level administrative units is underway and the two-tier local administration model is set to officially begin operations on July 1.
Right on the same day, the ministry issued its highest-level travel warning, urging Vietnamese citizens not to travel to Israel or Iran, and advised those already in these countries to swiftly consider evacuation or relocation plans.
From the struggles against colonialists and imperialists to the period of Doi moi (renewal) and international integration, the Vietnamese revolutionary press has always played a pioneering role on the ideological and cultural front, he said.
The Party leader's working session with the standing boards of the Party Committees of HCM City, Ba Ria – Vung Tau and Binh Duong, the VNA General Director's remarks on the occasion of the 19th OANA General Assembly, the launch of new NIC - Google initiatives aimed at bolstering AI entrepreneurship and digital literacy in Vietnam are among news highlights June 18.
Vietnam and Indonesia reaffirmed their commitment to strengthening cooperation in combating terrorism as it remains a threat to peace, security, and stability across their respective nations, the broader region, and the international community.
The Vietnamese representative also emphasised the shared responsibility of relevant parties to build trust, enhance cooperation, and jointly manage the risks of conflict, thus safeguarding long-term peace and stability in the East Sea.
The National Assembly on June 18 passed the law amending and supplementing a number of articles of the Law on Product and Goods Quality, with 408 out of 420 participating deputies voting in favour, accounting for 85.36% of the total.
The Party leader asked the new HCM City to embrace a multi-centre and integrated urban ecosystem where each development pole functions as a link complementary to and intelligently connected with each other in a harmonious whole.
The resolutions issued by the PM as well as ministries and ministry-level agencies reassign responsibility for 346 administrative procedures - 18 from district to provincial levels, 278 to commune level, and 50 eliminated.
Legislators are due to pass several amended laws, including the Law amending and supplementing several articles of the Law on Economical and Efficient Use of Energy, and the Law amending and supplementing several articles of the Law on Product and Goods Quality.
Vietnamese localities' readiness to implement the two-tier local administration model, the evacuation of 18 Vietnamese citizens from Iran, Petrovietnam's 11th ranking in the 2025 Fortune Southeast Asia 500 are among news highlights on June 17 evening.
The General Secretary underlined the resolve to achieve a growth rate of at least 8% in 2025, laying the groundwork for double-digit growth in the following period. He noted that these are mandatory targets, with no alternative path to success.
Restructuring and improving the quality of officials, civil servants, and public employees is no longer a choice, but an urgent requirement to transition from administrative management to governance in service of the people.
Prime Minister Nguyen Xuan Phuc (R) and Philippe Donnet, Director General of the Italian life insurance group Generali (Photo: VNA) 
