Vietnam motor insurance market size reached USD 3,646.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 5,140.1 Million by 2033, exhibiting a growth rate (CAGR) of 3.89% during 2025-2033. The increasing risk of road accidents and vehicle damage, the rising use of commercial vehicles for inter-city tours and travel, the growing internet penetration, the escalating reliance on smartphones, and the introduction of usage-based vehicle insurance (UBI) are some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the vietnam motor insurance market report, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on insurance type and distribution channel.

The Vietnam motor insurance market, valued at $810 million in 2025, is projected to experience robust growth, driven by a rising number of vehicles on the road, increasing awareness of insurance benefits, and stricter government regulations on compulsory insurance coverage. The Compound Annual Growth Rate (CAGR) of 4.5% from 2025 to 2033 indicates a steady expansion, with the market expected to reach approximately $1.2 billion by 2033. Key market segments include Compulsory Third-Party Liability (CTPL) insurance, which is mandatory, and comprehensive insurance, offering broader coverage. Passenger vehicles dominate the vehicle type segment, followed by commercial vehicles. Distribution channels are diverse, encompassing agents, brokers, banks, and increasingly, online platforms. The competitive landscape is characterized by both domestic insurers like Bao Viet Holdings, PetroVietnam Insurance (PVI), and Bao Minh Insurance Corporation, and international players such as Liberty Insurance Vietnam. Growth will likely be fueled by expanding middle-class income, increasing urbanization, and government initiatives to improve road safety and insurance penetration. However, challenges such as low insurance awareness in rural areas and the prevalence of uninsured vehicles might restrain market growth to some extent. Future market success will depend on insurers’ ability to innovate with digital distribution channels, offer competitive pricing and customized products, and build trust among consumers. The Vietnam motor insurance industry's growth trajectory showcases a promising market opportunity. The dominance of CTPL insurance highlights the significance of government regulations in driving market penetration. However, the increasing demand for comprehensive insurance reflects a growing consumer awareness of risk mitigation and the need for extensive coverage. The segment breakdown by vehicle type and distribution channel indicates opportunities for targeted marketing and strategic partnerships. While the presence of established domestic and international players ensures competition, it also suggests a healthy and evolving market. Future market trends will depend on the effectiveness of insurance awareness campaigns, technological advancements in underwriting and claims processing, and the regulatory environment's continued focus on improving road safety and insurance penetration. Recent developments include: December 2023: Cathay Insurance Vietnam joined hands with SAWAD to unveil an all-inclusive "Dual Finance" initiative. This program empowers customers to seek financial assistance while securing mandatory insurance coverage seamlessly. To cater to its clientele's diverse needs, Cathay has set to roll out a personal injury insurance scheme in December, complementing its existing financial support and automobile insurance offerings., November 2023: In a significant move, Vietnam joined the Association of Southeast Asian Nations (ASEAN) Compulsory Motor Insurance Scheme (ACMI). Under this scheme, all motor vehicles, while in transit or en route to any ASEAN member state, must have mandatory third-party motor liability insurance.. Key drivers for this market are: Increasing Vehicle Ownership, Mandatory Motor Insurance Rules by Government. Potential restraints include: Increasing Vehicle Ownership, Mandatory Motor Insurance Rules by Government. Notable trends are: Surge in Vehicle Ownership Generating Major Demand in the Market.

The size of the Vietnam Motor Insurance Industry market was valued at USD 0.81 Million in 2023 and is projected to reach USD 1.10 Million by 2032, with an expected CAGR of 4.50% during the forecast period. Recent developments include: December 2023: Cathay Insurance Vietnam joined hands with SAWAD to unveil an all-inclusive "Dual Finance" initiative. This program empowers customers to seek financial assistance while securing mandatory insurance coverage seamlessly. To cater to its clientele's diverse needs, Cathay has set to roll out a personal injury insurance scheme in December, complementing its existing financial support and automobile insurance offerings., November 2023: In a significant move, Vietnam joined the Association of Southeast Asian Nations (ASEAN) Compulsory Motor Insurance Scheme (ACMI). Under this scheme, all motor vehicles, while in transit or en route to any ASEAN member state, must have mandatory third-party motor liability insurance.. Key drivers for this market are: Increasing Vehicle Ownership, Mandatory Motor Insurance Rules by Government. Potential restraints include: Increasing Vehicle Ownership, Mandatory Motor Insurance Rules by Government. Notable trends are: Surge in Vehicle Ownership Generating Major Demand in the Market.

Vietnam's motor insurance market is anticipated to grow at more than 9% CAGR from 2024 to 2029, supported by economic growth and increasing disposable incomes.

In 2023, health insurance recorded the highest value of gross premiums of non-life insurance in Vietnam, reaching over **** trillion Vietnamese dong (VND). In that year, the gross premiums for automobile insurance in the country amounted to around **** trillion VND, following by fire and explosion insurance with over *** trillion VND value of gross premiums. Automobile insurance in Vietnam In 2022, Vietnam experienced a significant surge in vehicle sales. As a result, the country is expected to see a consistent annual growth in the number of cars in use per 1,000 inhabitants. For car owners in Vietnam, civil liability insurance is compulsory. This insurance bears liability for any third party that suffered from damage caused by the insured car. In addition to that, car owners can voluntarily take out comprehensive car insurance which covers physical damage to the car. Non-life insurance in Vietnam The gross written premiums of the non-life insurance segment in the country amounted to over ** trillion VND in 2023. The market leaders, also referred to as the “big 5” of non-life insurance, included PVI, Bao Viet, PTI, Bao Minh, and Pjico. Compared to the previous year, business interruption insurance, fire and explosion insurance, health insurance, guarantee insurance, credit and financial risk insurance, hull and P&I insurance, cargo insurance, as well as automobile insurance had the highest growth rates within the non-life insurance sector.

In 2022, health insurance accounted for approximately **** percent of the gross premiums of non-life insurance sector in Vietnam. This was followed by automobile insurance, and property and casualty insurance, with around **** percent and **** percent of the gross premiums of non-life insurance market, respectively.

Vietnam Fintech Market size was valued at USD 21.5 Billion in 2024 and is projected to reach USD 70.4 Billion by 2032, growing at a CAGR of 16% during the forecast period 2025 to 2032. Vietnam Fintech Market: Definition/Overview

Fintech in Vietnam is the integration of technology into financial services to improve efficiency, accessibility, and security. It includes a variety of digital solutions, such as mobile payments, digital banking, peer-to-peer (P2P) financing, blockchain-based transactions, and rob o-advisory services. The growing use of e-wallets, online payment gateways, and alternative financing platforms has altered financial transactions, making them more frictionless and inclusive, especially for the unbanked population.

Vietnam's fintech is expected to grow rapidly, owing to rising internet penetration, government backing for cashless payments, and rising consumer demand for digital financial services.

Aquaculture Disease Insurance Market Outlook

According to our latest research, the Global Aquaculture Disease Insurance market size was valued at $1.2 billion in 2024 and is projected to reach $3.5 billion by 2033, expanding at a robust CAGR of 12.7% during the forecast period 2025–2033. The primary growth driver for this market is the increasing frequency and severity of aquatic disease outbreaks, which threaten the economic viability of aquaculture operations worldwide. As aquaculture continues to supply a growing share of the world’s protein, the need for risk mitigation tools like disease insurance is becoming critical, prompting both commercial and small-scale operators to seek comprehensive coverage options.

Regional Outlook

The Asia Pacific region commands the largest share of the global aquaculture disease insurance market, accounting for approximately 48% of the total market value in 2024. This dominance is attributable to the region’s mature aquaculture industry, particularly in countries like China, India, Vietnam, and Indonesia, which collectively account for over 70% of global aquaculture production. The prevalence of intensive farming practices, combined with government-backed insurance initiatives and high awareness of disease risks, has fostered a strong demand for insurance solutions. Additionally, robust regulatory frameworks and public-private partnerships have facilitated the growth of insurance products tailored to the unique needs of regional aquaculture stakeholders.

In contrast, Latin America is set to experience the fastest growth in aquaculture disease insurance, with a projected CAGR of 15.8% from 2025 to 2033. The surge in demand is driven by rapid expansion in aquaculture activities, especially in countries like Chile and Ecuador, where shrimp and salmon farming are significant economic contributors. Increased foreign direct investment, adoption of advanced farming technologies, and rising awareness of disease-related financial risks are fueling the uptake of insurance products. Furthermore, supportive government policies and the entry of international insurers are enhancing market accessibility and driving adoption among both large-scale and small-scale producers.

Emerging economies in Africa and Southeast Asia are witnessing a gradual increase in the adoption of aquaculture disease insurance, albeit from a lower base. These regions face unique challenges, such as limited access to financial services, low insurance penetration, and a lack of tailored products for diverse species and farming systems. Localized demand is often influenced by sporadic disease outbreaks and the presence of donor-funded pilot projects. Policy interventions aimed at improving financial inclusion and risk management in aquaculture are beginning to take hold, but significant gaps remain in awareness, affordability, and distribution infrastructure.

Report Scope

베트남 자동차 자동차 보험 시장 규모는 2024 년에 0.80 억 달러로 평가되었으며 2032 년까지 121 억 달러에 달할 것으로 예상되며, 2026 년에서 2032 년까지 5.2%의 CAGR로 성장할 것으로 예상됩니다.

주요 시장 드라이버
차량 소유권 상승 : 베트남 도로에서 차량 차량의 증가는 오버 보험 시장에 직접적으로 기부되었습니다. 더 많은 시민들이 자동차와 오토바이를 구매함에 따라 보험 적용 범위에 대한 수요는 비례 적으로 증가하여 보험사를위한 더 큰 고객 기반을 창출합니다. 베트남 등록부 (VR)에 따르면, 베트남의 총 등록 차량 수는 2022 년에 약 6 천만 명에 이르렀습니다.이 중 오토바이는 5 천 5 백만 대의 차량을 차지했습니다. 베트남 자동차 제조업체 협회 (Vietnam Automobile Manufacturers Associations Association)에 따르면 2022 년에 비해 2022 년에 신규 자동차 판매량이 33% 증가했으며, 의무적 인 보험 규정의 엄격한 시행 : 베트남의 법적 틀은 최근 수년간 디지털 모니터링 시스템을 통해 강화 된 차량 소유자의 민사 책임에 대한 강제 보험이 필요하며 트래픽 당국의 인력 측정을 강화했습니다. 재무부는 의무적 인 자동차 보험 준수가 20220 년 약 65%에서 2022 년 78%로 증가했다고보고했다. 2022 년에 비해 2022 년에 15.2% 증가하여 베트남의 보험 협회에 따르면 약 3,700 만 달러에 달했다.