How big is the Vietnam Motor Insurance Market?

The Vietnam Motor Insurance Market size is expected to reach USD 0.81 billion in 2024 and grow at a CAGR of 4.5% to reach USD 1.02 billion by 2029. Read More

What is the current Vietnam Motor Insurance Market size?

In 2024, the Vietnam Motor Insurance Market size is expected to reach USD 0.81 billion. Read More

What years does this Vietnam Motor Insurance Market cover, and what was the market size in 2023?

In 2023, the Vietnam Motor Insurance Market size was estimated at USD 0.77 billion. The report covers the Vietnam Motor Insurance Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Vietnam Motor Insurance Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key trends of Vietnam Motor Insurance Market?

The key trends of Vietnam Motor Insurance Market are a) Increasing disposable income leading to more vehicle purchases b) Regulatory push for mandatory insurance coverage c) Growing awareness of the need for comprehensive insurance d) Insurance companies offering innovative features like cashless claims and roadside assistance e) Competitive landscape with companies offering tailored packages and customer-centric services Read More

Vietnam Motor Insurance Market Share

Q: Who are the key players in Vietnam Motor Insurance Market?

Bao Viet Holdings, PetroVietnam Insurance (PVI), Bao Minh Insurance Corporation, BIDV Insurance Corporation (BIC) and Liberty Insurance Vietnam are the major companies operating in the Vietnam Motor Insurance Market. Read More

Statistics for the 2023 & 2024 Vietnam Motor Insurance market share, created by Mordor Intelligence™ Industry Reports. Vietnam Motor Insurance share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Vietnam Motor Insurance Industry

The Vietnamese motor insurance market is fragmented. The competitive landscape of the market is characterized by intense competition among domestic and foreign insurers. Key players are vying for market share based on pricing, coverage options, customer service, and distribution channels. Some of the major players in the motor insurance market in Vietnam include Bao Viet Insurance Corporation, PVI Insurance Corporation, Bao Minh Insurance Corporation, BIDV Insurance Corporation (BIC), and Liberty Insurance Vietnam.