Insured risks eligible for premium subsidies in Vietnam
What are regulations on insured risks eligible for premium subsidies in Vietnam? Please advise according to latest regulations.
Subsidized rice, rubber, pepper, cashew and coffee tree insurance coverage in Vietnam
Pursuant to Clause 1, Article 5 of Decision 13/2022/QD-TTg effective from June 24, 2022, subsidized rice, rubber, pepper, cashew and coffee tree insurance coverage as follows:
a) Natural disasters afflicting rice, including: storms, tropical depressions, whirlwinds, thunderlike, heavy rain, floods, flash floods, inundation, landslides or land subsidence caused by floods or runoffs, sea level rise, saltwater intrusion, extreme heat, drought, damaging cold, hail, frost, earthquake and tsunami. Such disaster events must be announced or confirmed by competent authorities.
Natural disasters afflicting rubber, pepper, cashew and coffee trees, including: storms, tropical depressions, whirlwinds, thunderlike, floods, flash floods, inundation, hail, frost. Such disaster events must be announced or confirmed by competent authorities.
b) Diseases affecting rice, including: rice grassy stunt virus, rice ragged stunt virus, southern rice black streaked dwarf virus, rice blast disease, bacterial leaf blight, bacterial leaf streak; brown planthopper and rice stem borer outbreaks; stem borers, leaf rollers, gall midges; rats. Such epidemics must be announced or confirmed by competent authorities. Such diseases must be announced or confirmed by competent authorities.
Insurance does not cover diseases affecting rubber, pepper, cashew and coffee tree.
Subsidized buffalo, cow and pig insurance coverage in Vietnam
According to Clause 2 of Article 5 of Decision 13/2022/QD-TTg, subsidized buffalo, cow and pig insurance coverage as follows:
a) Natural disasters, including: storms, tropical depressions, whirlwinds, thunderlike, heavy rain, floods, flash floods, inundation, landslides or land subsidence caused by floods or runoffs, extreme heat, drought, damaging cold, hail, frost, earthquake and tsunami. Such disaster events must be announced or confirmed by competent authorities.
b) Diseases, including: Foot-and-mouth disease, blue ear disease (porcine reproductive and respiratory syndrome) affecting pigs, anthrax and spirochetes. Such diseases must be announced or confirmed by competent authorities.
Subsidized insurance coverage on giant tiger prawns, whiteleg shrimps and pangasius fish in Vietnam
Pursuant to Clause 3 of Article 5 of Decision 13/2022/QD-TTg, subsidized insurance coverage on giant tiger prawns, whiteleg shrimps and pangasius fish as follows:
a) Natural disasters, including: storms, tropical depressions, whirlwinds, thunderlike, heavy rain, floods, flash floods, inundation, landslides or land subsidence caused by floods or runoffs, sea level rise, saltwater intrusion, extreme heat, drought, damaging cold, hail, frost, earthquake and tsunami. Such disaster events must be announced or confirmed by competent authorities.
b) Diseases: Insurance does not cover diseases affecting giant tiger prawns, whiteleg shrimps and pangasius fish.
Best Regards!
