Vietnam’s Deputy PM urges cooperation between government and private insurers

Creation of an electronic database aims to make public-private cooperation easier and less prone to fraud

Vietnam’s Deputy PM urges cooperation between government and private insurers

Insurance News

By Gabriel Olano

The Deputy Prime Minister of Vietnam, Vu Duc Dam, has tasked the government and private insurance companies to link up to create joint solutions to improve the country’s social insurance and health insurance programs.
The Ministry of Finance and Vietnam Social Security (VSS) have been assigned to formulate a strategy to build a national insurance information database that will be shared with privately owned insurers. Meanwhile, The Ministry of Health and the Ministry of Labour, Invalids, and Social Affairs, along with the VSS, were asked to come up with reports on the health insurance and social insurance systems, respectively.

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According to Phạm Luong Son, deputy director-general of VSS, 99.5% of all medical facilities nationwide have connected to the government’s medical information assessment system, save for 65 grassroots-level health stations in areas that have no electricity service. Aside from easier sharing of information, the system can also detect and help minimize abuse. In the last quarter of 2016, it was able to detect around 100 cases of wrongful medical claims.
Dam is pushing for a computerized record of health and social security to increase efficiency and transparency in the country, which has 90 million people. He added that private insurers have long wanted to cooperate with the government to develop insurance products, improve services, share information, and combat insurance fraud.

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