About the author  ⁄ AmCham Vietnam

AmCham is an independent association of companies with the objective of promoting trade and investment between Vietnam and the U.S. With two chapters, one in Ho Chi Minh City and one in Hanoi, our membership of 700 companies and 1,500 representatives is unified by a commitment to promote trade and investment between Vietnam and the United States.

Remarks by Vice Foreign Minister LÊ HOÀI TRUNG, July 31, 2018, Foreign Ministry of Vietnam

Excellency Ted Osius, former U.S Ambassador to Vietnam,
Ladies and Gentlemen,

Today, with the authority given by H.E. Tran Dai Quang, President of the Socialist Republic of Vietnam, I have the great honor to award the Order of Friendship to his Excellency Ted Osius, former Ambassador of the United States to Vietnam for the 2014-2017 term, a true friend of the Vietnamese people.

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Vietnam’s insurance industry achieved high year-on-year growth of 24.35 per cent in the first half of 2018, helping total revenue to reach more than VNĐ58.65 trillion (US$2.55 billion).

Deputy general director of the Ministry of Finance’s Insurance Supervisory Authority (ISA), Doan Thanh Tuan, said besides maintaining a high growth rate, the financial status of insurance firms also improved in the first six months. Their total assets rose an estimated 27.33 per cent on-year to VNĐ336.997 trillion.

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E-commerce firms report massive accumulated losses

The Vietnamese e-commerce market is one of the leading ones in the region for investment. According to Nielsen, the annual growth of the e-commerce market is 22 per cent and is expected to hit $10 billion in annual revenue by 2022 from the current $4 billion. Thus, the Vietnamese e-commerce market has received great attention from new investors.

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