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All About Vietnam
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    Michael Hansen, director general of Swiss Life Network announced at the signing ceremony with PVI that the Pool Network has 4 million clients globally with a total premium amounting to CHF19.2 billion ($14.44 billion).

    PVI Insurance and Swiss Life Network announce the co-operation agreement

    Duong Thanh Danh, vice chairman of the board of PVI, expressed strong belief that PVI Insurance will learn and improve its service quality to both corporate and individuals clients and catch up to the international standards of Swiss Life, which has more than 160 years of experience in servicing more than 520 multinationals companies.

    PVI Insurance is now the second-largest insurer in terms of revenue and market share in the Vietnamese non-life insurance market, but PVI Insurance ranks first in profit as well as customer service through two specialised customer service offices that carry out claim services and direct billing for clients in Hanoi and Ho Chi Minh City.

    Danh believed that PVI Insurance will also be among the top 5 worldwide service providers to Swiss Life’s multinational clients.

    By participating in the Pooling Network of Swiss Life, PVI Insurance’s healthcare products for clients in Vietnam will be improved, ensuring the long-term stability of its insurance programmes and coverage (by taking advantage of not only PVI Insurance’s capacity but also the capacity of the whole region).

    Being a partner of Swiss Life, the aim of PVI Insurance is to ensure the stability of its insurance programmes, through better insurance coverage for clients, improving service quality for corporate clients, optimising cost control in the context of medical costs increasing quickly in Vietnam in 2019, and elevating services towards international standards.

    The Swiss Life Network is a global association of more than 60 local insurers and business partners covering 70 countries and territories. It has committed to be a trusted advisor for high-quality Global Employee Benefits Solutions. Through collective expertise and loyal partnerships, it provides comprehensive solutions and services to multinational corporations for their mobile and local employees.

    By Bich Ngoc

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    Deputy Prime Minister Vũ Đức Đam speaks at a meeting organised by the National Council for Sustainable Development and Competitiveness Improvement held in Hà Nội on Friday. Photo chinhphu.vn

    HÀ NỘI — Although Việt Nam has made strides in enhancing the business environment and competitiveness capacity, there’s still room for improvement, heard participants at a meeting held in Hà Nội on Friday.

    The meeting, organised by the National Council for Sustainable Development and Competitiveness Improvement, aimed at reviewing the implementation of the government’s efforts on the issues from 2019 and assign tasks for next year.

    Đậu Anh Tuấn, head of the Legal Department of Viet Nam Chamber of Commerce and Industry said results of surveys on administrative procedure and tax procedure reform and business environment improvement in 63 provinces and cities showed the proportion of enterprises with positive assessment continued to increase for the third consecutive year.

    Việt Nam was placed 67th out of the 141 countries in the Global Competitiveness Report 2019, up 10 places compared to its 2018 ranking and also up 3.5 points, which are the fastest increases in the world.

    The country has moved up three ranks on the 2019 Global Innovation Index (GII) to place 42nd out of 129 economies around the world.

    With this jump, Việt Nam has leaped 17 spots since 2016. This year’s result is also the highest ranking Việt Nam has ever achieved.

    Ministries and branches have been aware of their responsibilities and actively participated in improving their scores and index rankings in the fields under their management.

    However, Tuấn said, some people still worried about the pace of the reform progress.

    “As reported by the World Bank in the Doing Business Report, Việt Nam has five major administrative reforms in 2018 but with only three this year. This raises concern about a potential slowdown in renovating business environment and improving competitiveness in Vietnam,” he said.

    Tuấn suggested the Council focus on supervising the effectiveness of government policies’ implementation.

    Phan Đức Hiếu, deputy director of Central Institute for Economic Management (CIEM), agreed, saying overlapping of legal documents was common.

    Most of ministries only publicise business conditions after cutting down some of them but they didn’t give guidance and training for localities or enforcement units as well as monitoring the results of reform.

    “Statistics from CIEM showed that many business conditions stipulated in decrees and laws are hindering and making things difficult for business. It’s time to review business conditions that have been recently issued but not effective,” he said.

    Deputy Prime Minister Vũ Đức Đam, as the chair of the council, said the council needed to adopt practical solutions to produce a more attractive and competitiveness environment. He also asked members of the council to quickly contribute ideas to develop a resolution for next year.

    The National Council for Sustainable Development and Competitiveness Improvement was established in July 2012, with the aim of advising the Government and the Prime Minister in guiding the creation and implementation of strategies, policies and programmes relating to sustainable development and competitiveness enhancement. — VNS