THE PRIME MINISTER
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SOCIALIST REPUBLIC OF VIETNAM
Independence- Freedom- Happiness
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No.175/2003/QD-TTg
Hanoi, August 29, 2003
 DECISION
APPROVING THE STRATEGY ON DEVELOPMENT OF VIETNAM'S INSURANCE MARKET FROM 2003 TO 2010
THE PRIME MINISTER
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to the December 9, 2000 Law on Insurance Business;
At the proposal of the Minister of Finance in Report No. 43/TTr-BTC dated May 7, 2003 and Official Dispatch No. 7813 TC/TCNH dated July 29, 2003,
DECIDES:
Article 1. To approve the Strategy on development of Vietnam's insurance market from 2003 to 2010 with the following principal contents:
1. Objectives
To develop the insurance market in a comprehensive, safe and healthy manner, aiming to satisfy the fundamental insurance demands of the economy and the population; to ensure that organizations and individuals benefit from insurance products of international standards; to attract domestic and foreign resources for socio-economic development investment; to raise the financial and business capabilities of insurance business enterprises, meeting the competition and international integration requirements.

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The State manages and supervises insurance business activities according to Vietnamese laws and international principles and standards.
 

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