Decree 46: Implications for the Insurance Sector

The Law on Insurance Business was promulgated on 16 June 2022 and became effective on 1 January 2023.

On 1 July 2023, the Government of Vietnam finally issued the eagerly awaited Decree No. 46/2023/ND-CP detailing a number of articles of the Law on Insurance Business, which took effect on the same day.

We present you our Legal Update, where we discuss the notable changes of Decree 46 as opposed to Decree No. 73/2016/ND-CP dated 1 July 2016, guiding the implementation of the Law on Insurance Business and the Law on amendments to certain articles of the Law on Insurance Business (as amended from time to time).

File: Legal-Update-Decree-46-Implications-for-the-Insurance-Sector-Frasers-Law-Company-August-2023.pdf