Vietnam Risk Assessment Country Guide

Doing Business in Vietnam

The Southeast Asian nation of Vietnam has recently undergone a rapid economic expansion, currently on pace to become one of the world's largest economies. Bolstered by agriculture, manufacturing and technology, Vietnam also is one of the biggest oil producers in the region. The country could be a desirable destination for many expats and foreign travelers, although you should still be aware of many potential risks while living and working there.

According to the UK Foreign & Commonwealth Office (FCO), roughly 100,000 British nationals visit Vietnam each year. There is a low threat of terrorism, while natural disasters and weather can cause problems within the country. 

You may want to consider comprehensive international insurance prior to leaving for Vietnam. An adequate level of coverage can be a vital asset for managing costs related to life outside of your home country.

  • Health
  • Safety & Security
  • Terrorism

On May 26, 2015, the CDC issued a level 1 watch for Vietnam due to the increase of reported cases of measles. As of June 2015, there were 332 suspected cases of measles in Vietnam. In 2014, there were 18,597 suspected cases of measles and 6,498 confirmed cases with no deaths. 

There were more than 100,000 cases of hand, foot and mouth disease in Vietnam in 2012 alone. In addition, cases of dengue fever are on the rise, and Avian Influenza has been reported in many of the country's provinces. 

Before leaving for Vietnam, you should get a measles vaccination and discuss other vaccinations and preventative measures with your primary care physician. 

Medical care varies in quality across the country. Most major cities are able to treat common illnesses and injuries, although more serious ailments may require evacuation to another country. Access to medical care can be limited in more rural regions. Prescription medication can be hard to acquire in Vietnam, and counterfeits are common. Carrying a copy of your prescription with you at all times is a recommended practice.

Clements Worldwide provides GlobalCare® health insurance, which includes USD 5 million in health care benefits. With Clements, you will have flexible payment options, choice of deductible and 24/7 multilingual claims assistance. There is no coinsurance payment necessary after the deductible, and prescription drugs, maternity care, mental health treatment and other services are covered. An optional War and Terrorism extension is available and any family members abroad will also be insured. Clements will not limit you to a specific network of doctors, so you can choose any professional you like, anywhere in the world.

Due to the level of care in your area, you may need to be evacuated in order to access appropriate treatments. Clements offers Medical Evacuation and Repatriation insurance, which covers expenses to transport you to a capable medical facility in case a local medical center isn’t able to provide adequate treatment.

Call us today at +1.202.872.0060 or 800.872.0067 or email request@clements.com to discuss your organization’s travel needs tailored to considerations involved while operating in Vietnam.

Source: UK Foreign & Commonwealth Office and Clements Worldwide 

Contact a Clements Representative for Insurance Solutions

Vietnam's political climate is relatively stable, thanks in part to a single party political system. While conflict is rare, some protests have turned violent in the past. You should be cautious near any large demonstrations and public gatherings.

Driving across Vietnam can be dangerous. Drivers often behave erratically, and driving and vehicle maintenance is poor. Fatal crashes are common. Riding a motorcycle is even riskier, and it is illegal to ride without a helmet. 

Clements offers international car insurance, which includes Physical Damage, Third Party Liability, and Excess Liability coverage. With flexible deductible options and fast claims processing, your policy will provide coverage for your vehicle fleet whether it’s on the road, parked or transported abroad. An optional Political Violence extension is also recommended, which broadens the coverage to include strikes, riots, malicious damage, sabotage, war, terrorism or civil unrest.

The waters around Vietnam also pose a risk. Piracy has been reported in coastal areas, and mariners should take all available precautions to ensure safety during their voyages. A Maritime Security insurance policy from Clements ensures compliance with BIMCO insurance requirements and GUARDCON standards that will achieve cost savings, better coverage, and more efficient policy administration.

Call us today at +1.202.872.0060 or 800.872.0067 or email request@clements.com to discuss your organization’s travel needs tailored to considerations involved while operating in Vietnam.

Source: UK Foreign & Commonwealth Office, Centers for Disease Control and Prevention, and Clements Worldwide 

Contact a Clements Representative for Insurance Solutions

There is a low threat of terrorism in Vietnam. However, global risk is relatively high, and attacks could be indiscriminate. Targets may include public locations often visited by foreigners, including hotels, bars and restaurants. 

A War and Terrorism insurance policy from Clements offers the right coverage against the risks of civil unrest, war, riots, looting, and acts of terrorism.

Clements also provides a Kidnap and Ransom insurance policy, which ensures financial assistance following a kidnapping, such as independent investigations, negotiations, and the arrangement and delivery of funds.

Call us today at +1.202.872.0060 or 800.872.0067 or email request@clements.com to discuss your organization’s travel needs tailored to considerations involved while operating in Vietnam.

Source: UK Foreign & Commonwealth Office and Clements Worldwide 

Contact a Clements Representative for Insurance Solutions