More than 54% of the reported figure came from the life insurance sector, which grew nearly 36.8%.
Non-life insurance revenues, meanwhile, rose 15% compared to the same period last year.
Official figures showed Vietnam now has 17 insurance companies, four of which -- AIA, Bao Viet, Dai-ichi, Manulife and Prudential -- controlled more than 75 percent of the market.
The Association of Vietnamese Insurers forecast the local insurance market to grow 20% this year.
