Reinsurance
Tái bảo hiểm
Reinsurance involves the practice of insurers transferring portions of their risk portfolios to other parties to reduce the likelihood of paying a large obligation resulting from an insurance claim.
Includes
- Assuming risk from primary insurers
- Providing coverage for catastrophic losses
- Facilitating risk management for insurers
Foreign ownership
Foreign investment is permitted, often up to 100%, but this is a conditional business line: it requires a sector sub-licence or regulatory approval on top of the IRC and ERC. Some conditional lines require a Vietnamese joint-venture partner.
Legal basis: Negative list L2 · Law on Insurance Business 2022 (No. 08/2022/QH15)
Recommended route
Foreign-owned LLC or JSC
Often up to 100%, once the sector sub-licence is granted
Joint venture
Where the conditional line requires a Vietnamese partner
Registration path
- 1
IRC
Investment Registration Certificate from the DPI
- 2
ERC
Enterprise Registration Certificate (the company itself)
- 3
Post-licensing
Seal, corporate bank account, tax and e-invoicing
- 4
Sub-licence
Sector permit, if the activity is conditional
Emerhub files each step with the authorities; you provide the documents and information.
Charter capital
| Situation | VND | USD |
|---|---|---|
| Most business linesVietnam sets no statutory minimum charter capital for most sectors. The registered charter capital must be credible for the project and fully contributed within 90 days of the Enterprise Registration Certificate. Foreign-invested projects are assessed on capital adequacy at the Investment Registration Certificate stage.. Legal basis: Law on Enterprises 2020 (No. 59/2020/QH14), Art. 47, 75, 113; Law on Investment 2020. | No floor | No floor |
Bold is the figure the law sets; the other column is an approximate conversion at ₫25,400 to USD 1. Vietnam sets no general minimum for most sectors.
Licenses & permits
This is a conditional business line. Alongside the IRC and ERC, it needs the following sector sub-licence or regulatory approval before it can legally operate in Vietnam.
- Sector sub-licence
Reinsurance: up to 100% foreign ownership, subject to Ministry of Finance licensing.
Up to 100% foreign ownership of charter capital permitted since the Insurance Business Law 2022 (effective 2023); non-life foreign insurers may also establish branches in Vietnam since 1 July 2011, consistent with Vietnam's WTO GATS commitment. Legal basis: Law on Insurance Business 2022 (No. 08/2022/QH15).
Emerhub can obtain the sub-licence as part of your company setup.