Foreign broker breaks open local market, THE VIETNAM INVESTMENT REVIEW The Vietnam Investment Review | June 2, 2003| | . Provided by ProQuest LLC. (Hide copyright information) Copyright

Ngoc Mai
The Vietnam Investment Review
06-02-2003
FRANCE'S Gras Savoye has become the first foreign insurance broker to be
granted an operating licence in Vietnam.
The licence was officially granted by the Ministry of Finance last
week.
There are at least two other foreign brokers waiting to join the
market: US firm Marsh and Britain's Jardines. Foreign brokers had said
the authorities seemed to be cautious about allowing them into the market.

The ministry is also considering granting licences to three joint-
stock brokerages run by Vietnamese nationals.
Gras Savoye general director Antoine ...

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