Decree 346/2026/ND-CP amend Decree 58/2018/ND-CP on agricultural insurance

DECREE

Amending and supplementing a number of articles of the Government’s Decree No. 58/2018/ND-CP dated April 18, 2018, on agricultural insurance

Pursuant to the Law on Organization of the Government No. 63/2025/QH15;

Pursuant to the Law on the State Budget No. 89/2025/QH15;

Pursuant to the Law on Insurance Business No. 08/2022/QH15, amended and supplemented under Law No. 139/2025/QH15;

At the proposal of the Minister of Finance;

The Government hereby promulgates the Decree amending and supplementing a number of articles of the Government’s Decree No. 58/2018/ND-CP dated April 18, 2018, on agricultural insurance.

Article 1. To amend and supplement Article 4

“Article 4. Types of insurance products and sources of indices for index-based insurance

1. Types of products

a) Insurance for an identified risk whereby, upon the occurrence of an insured event, an insurer compensates for the actual loss caused by the risks as specifically agreed upon in the agricultural insurance contract;

b) All-risk insurance whereby, upon the occurrence of an insured event, an insurer compensates for the actual loss caused by all risks, except cases of exclusion of insurance liability as agreed upon in the agricultural insurance contract;

c) Insurance for loss of income whereby, upon the occurrence of an insured event, an insurer compensates for agricultural production costs to cover losses caused by the insured risks as agreed upon in the agricultural insurance contract;

d) Productivity index-based insurance whereby, upon the occurrence of an insured event, an insurer compensates for the actual productivity loss of a geographic area (commune(s), etc.) as agreed upon in the agricultural insurance contract, regardless of the actual loss of the object of insurance;

dd) Weather index-based insurance whereby, upon the occurrence of an insured event, an insurer compensates for changes in the weather index (rain, wind, drought, flood, cold, hail, hoarfrost, earthquake, tsunami, etc.) as agreed upon in the agricultural insurance contract, regardless of the actual loss of the object of insurance. The selection of sources of weather indices in an insurance contract must satisfy the provisions of Clause 2 of this Article;

e) Remote sensing index-based insurance whereby, upon the occurrence of an insured event, an insurer compensates for the variation in the remote sensing index as agreed upon in the agricultural insurance contract, regardless of the actual loss of the object of insurance. The selection of sources of remote sensing indices in an insurance contract must satisfy the provisions of Clause 2 of this Article;

g) Other types of agricultural insurance products as agreed upon in agricultural insurance contracts.

The insurer shall clearly explain to the insurance buyer the determination of actual loss in the cases of insurance specified at Points a, b and c, Clause 1 of this Article, and the method of determining the insurance compensation amount in the cases of insurance specified at Points d, dd and e, Clause 1 of this Article.

2. Sources of indices

The insurer and the insurance buyer may select sources of weather indices and remote sensing indices from one or more of the following sources:

a) The National Centre for Hydro-Meteorological Forecasting under Vietnam Meteorological and Hydrological Administration;

b) The Climate Services Information System of the World Meteorological Organization (WMO);

c) The Center for Agricultural, Resources and Environmental Monitoring under the Department of National Remote Sensing;

d) Other data sources that must ensure reliable sources of climate factors and remote sensing indices, be certified or accepted by international reinsurers, and be clearly specified in the insurance contract.”.

Article 2. To amend and supplement Point d, Clause 1, Article 6

“d) Loss assessment; loss assessment agency or organization; and cost of loss assessment.

In case of index-based insurance specified at Points d, dd and e, Clause 1, Article 4 of this Decree, the insurance buyer and the insurer shall specifically agree in the insurance contract on the organization providing data on the indices used in claim settlement and the method of publishing such index data, ensuring that the insurance buyer can independently access and search such data.

Where index data are not publicly available on the website of the data provider, the insurer shall disclose such information on its website, be responsible for the accuracy, completeness and integrity of the information provided, and ensure that the insurance buyer and competent agencies can search for and access such data on that website for at least 5 years from the date the information is disclosed.

Within 15 working days from the date of publication of the indices and receipt of a claim for compensation as agreed upon in the insurance contract, the insurer shall pay compensation if the claim falls within the scope of insurance coverage;”.

Article 3. To amend and supplement Article 11

“Article 11. Agricultural insurance products

1. Insurers may take the initiative and shall bear responsibility for formulating, designing and developing agricultural insurance products, ensuring compliance with the Law on Insurance Business and relevant laws.

2. In the implementation of the agricultural insurance support policy, an insurer’s agricultural insurance products must satisfy the following conditions:

a) The objects of insurance are among the objects of insurance eligible for support specified in Articles 18 and 22 of this Decree;

b) The insured risks are among the insured risks eligible for support specified in Articles 20 and 22 of this Decree.”.

Article 4. To add Clause 4 after Clause 3, Article 18

“4. Other objects of insurance include crops, livestock, aquaculture products, and major and key forestry trees on lists announced by competent central state agencies.”.

Article 5. To amend and supplement Article 19

“Article 19. Support levels

1. Individuals engaged in agricultural production who are from poor or near-poor households are entitled to support of up to 95% of agricultural insurance premiums.

2. Individuals engaged in agricultural production who are not from poor or near-poor households are entitled to support of up to 50% of agricultural insurance premiums.

3. Organizations engaged in agricultural production Support of up to 30% of agricultural insurance premiums shall be provided to enterprises established under the Law on Enterprises, or cooperative groups, cooperatives or unions of cooperatives established under the Law on Cooperatives, that satisfy any of the following provisions:

a) Having an association contract involving agricultural products that are objects eligible for the agricultural insurance support policy, ensuring compliance with Articles 4 and 5 of the Government’s Decree No. 98/2018/ND-CP dated July 05, 2018, on policies to encourage cooperation and linkage in production and consumption of agricultural products, and amending, supplementing or replacing documents (if any);

b) Having agricultural products that are objects eligible for the agricultural insurance support policy and certified by a competent agency as meeting quality and food safety requirements; or having been recognized as a high-tech agricultural enterprise in accordance with the Prime Minister’s Decision No. 19/2018/QD-TTg dated April 19, 2018, prescribing criteria, competence, order and procedures for recognition as hi-tech agricultural enterprises; or having been certified as a high-tech enterprise in accordance with the Government’s Decree No. 260/2026/ND-CP dated June 30, 2026, detailing and providing measures for the implementation of a number of articles of the Law on High Technology and amending, supplementing or replacing documents (if any); or having been granted an investment registration certificate or a written certification by the management board of a hi-tech agricultural park in accordance with the Government’s regulations.”.

Article 6. To amend and supplement Article 20

“Article 20. Insured risks eligible for support

1. Natural disaster risks, including:

Storm, tropical low pressure, cyclone, lightning, heavy rain, flood, flash flood, inundation, landslide due to rain or water current, land subsidence due to rain or water current, water level rise, saltwater intrusion, hot spell, drought, cold, hail, hoarfrost, earthquake and tsunami, and other natural disaster risks as prescribed by the law on natural disaster prevention and control.

2. Epidemic risks, including:

a) Animal epidemics:

Terrestrial animal epidemics: infectious diseases of terrestrial animals according to the list of animal diseases subject to epidemic declaration (including dangerous infectious diseases causing great socio-economic damage and dangerous infectious diseases between humans and animals), issued by a competent authority under the law on animal health;

Aquatic animal epidemics: diseases of aquatic animals according to the list of diseases subject to epidemic declaration, issued by a competent agency under the law on animal health.

b) Plant pests: organisms that harm plants and are likely to spread rapidly on a large scale, causing serious damage to plants according to the law on plant protection and quarantine.”.

Article 7. To amend and supplement Article 21

“Article 21. Geographical scope eligible for support

Based on the development strategies and plans of the agriculture sector and the specific development strategies and plans of each locality, each province or centrally run city may implement the agricultural insurance premium support policy throughout the province or centrally run city or in a number of commune-level geographical areas.”.

Article 8. To amend and supplement Article 22

“Article 22. Implementation of agricultural insurance support policy in each period

1. Pursuant to Articles 18, 19, 20, and 21, of this Decree and based on the actual situation and the budget’s balancing capacity, the provincial-level People's Council shall decide on the geographical areas eligible for support within the province or centrally run city; objects of insurance eligible for support; types of insured risks eligible for support; support levels; and the period of agricultural insurance premium support.

2. The provincial-level People’s Council shall publish the document specified in Clause 1 of this Article in the local mass media and provide written notice thereof to the Ministry of Finance, the Ministry of Agriculture and Environment, and the commune-level People’s Committees in the geographical areas eligible for support.

3. Within 30 days after receiving the notice specified in Clause 2 of this Article, the commune-level People’s Committees in the geographical areas eligible for support shall organize training and dissemination of information on agricultural insurance.”.

Article 9. To add Clause 3 after Clause 2, Article 23

“3. Funding for activities to disseminate information on the agricultural insurance policy organized by People’s Committees of provinces and centrally run cities shall be covered by the central budget.”.

Article 10. To amend and supplement Article 24

“Article 24. Dossier, order and procedures for approving support beneficiaries

1. A dossier of request for approval of a support beneficiary must comprise:

a) A written request for consideration and approval of a support beneficiary, made according to Form No. 01 in the Appendix to this Decree;

b) A list of plants, animals and aquaculture, made according to Form No. 02 in the Appendix to this Decree;

c) Documents proving the eligibility for agricultural insurance premium support, for agricultural production organizations requesting support: A copy of the enterprise registration certificate or a copy of the registration certificate of the cooperative group, cooperative or union of cooperatives; a copy of the association contract specified at Point a, Clause 3, Article 19 of this Decree; a copy of the certificate of agricultural products meeting quality and food safety requirements specified at Point b, Clause 3, Article 19 of this Decree; a copy of the certificate of high-tech agricultural enterprise specified at Point b, Clause 3, Article 19 of this Decree; a copy of the written certification of high-tech enterprise status specified at Point b, Clause 3, Article 19 of this Decree; a copy of the investment registration certificate; or a copy of the written certification issued by the management board of a hi-tech agricultural park specified at Point b, Clause 3, Article 19 of this Decree.

This dossier component is not required if the information contained therein is already available in databases announced by the agencies managing such databases. If the information cannot be retrieved or the retrieved information is incomplete or inaccurate, the agency receiving and processing the administrative procedure shall request the agricultural producer to supplement the dossier component for processing of the administrative procedure.

2. Order and procedures for initial approval of support beneficiaries

a) Within 60 days from the effective date of the document of the provincial-level People’s Council specified in Clause 1, Article 22 of this Decree, an agricultural producer shall prepare the dossier of request for approval of a support beneficiary specified in Clause 1 of this Article and submit it, directly, by post, or online in the electronic environment when conditions permit, to the commune-level People’s Committee of the locality where the organization or individual conducts agricultural production. Where an organization conducts agricultural production in different communes, it shall submit the dossier to the commune-level People’s Committee of the locality where the enterprise or cooperative is registered for establishment;

b) Within 10 working days after receiving a complete and valid dossier specified in Clause 1 of this Article, based on the document of the provincial-level People’s Council specified in Clause 1, Article 22 of this Decree and the dossier of request for approval of a support beneficiary, the commune-level People’s Committee shall review, consolidate and appraise the list of agricultural producers requesting approval as support beneficiaries, and send it to the provincial-level Department of Agriculture and Environment.

If the dossier is incomplete or invalid, Article 17 of the Government’s Decree No. 118/2025/ND-CP dated June 09, 2025, on the performance of administrative procedures under the single-window and inter-agency single-window mechanisms at Single-Window Sections and the National Public Service Portal, and amending, supplementing or replacing documents (if any), shall apply;

c) Within 5 working days after receiving the appraisal report from the commune-level People’s Committee, the provincial-level Department of Agriculture and Environment shall consolidate and report it to the provincial-level People’s Committee;

d) Within 5 working days after receiving the report from the provincial-level Department of Agriculture and Environment, the provincial-level People’s Committee shall issue a decision approving the list of support beneficiaries, made according to Form No. 03 provided in the Appendix to this Decree. This decision shall be sent to the provincial-level Department of Finance and Department of Agriculture and Environment and related commune-level People’s Committees;

dd) Within 5 working days after the provincial-level People’s Committee issues a decision approving the list of support beneficiaries, the commune-level People’s Committee shall post up the list of agricultural producers eligible for agricultural insurance premium support at its head office, announce it in the commune’s information and communication system and send its copies to the agricultural producers at the latter’s request.

3. After the provincial-level People’s Committee issues the decision on initial approval of support beneficiaries, the commune-level People’s Committee shall, on a monthly basis, organize the approval of support beneficiaries when receiving new requests for approval from agricultural producers according to the order and procedures prescribed in Clause 2 of this Article; and at the same time, review and adjust the approved list of eligible beneficiaries in case of receiving notices prescribed in Clause 4 of this Article.

4. Agricultural producers named in the decision approving the list of support beneficiaries shall check if they are no longer eligible for the support or their poor or near-poor household status is changed according to the results of annual survey and review by competent state agencies, thus leading to changes in the level of agricultural insurance premium support. Within 5 working days after becoming no longer eligible for support or from the effective date of the decisions on recognition of poor or near-poor households, agricultural producers shall send written notices, made according to Form No. 04 in the Appendix to this Decree, to the commune-level People’s Committee.

Within 7 working days after the end of a quarter, the commune-level People’s Committee shall review and send the results to the provincial-level Department of Agriculture and Environment for summarization and reporting to the provincial-level People’s Committee for adjusting the approved list of support beneficiaries in accordance with Clause 3 of this Article.”.

Article 11. To amend and supplement Clause 2 of Article 26

“2. Order and procedures for paying agricultural insurance premiums from the state budget

a) Within 7 working days after the end of a month, an insurer shall compile a dossier of request for payment of agricultural insurance premiums from the state budget as prescribed in Clause 1 of this Article and send it (directly or by post or online in the electronic environment when conditions permit) to the provincial-level Department of Agriculture and Environment;

b) Within 7 working days after receiving a complete and valid dossier as prescribed in Clause 1 of this Article, based on the document of the provincial-level People's Council as prescribed in Clause 1, Article 22 of this Decree, and the decision of the provincial-level People’s Committee approving the list of support beneficiaries prescribed in Article 24 of this Decree, the provincial-level Department of Agriculture and Environment shall assume the prime responsibility for, and coordinate with the provincial-level Department of Finance in, completing the appraisal and proposing the provincial-level People’s Committee to issue a decision on payment of agricultural insurance premiums from the central budget and local budget. In case of refusal to pay, the provincial-level Department of Agriculture and Environment shall notify such in writing to the insurer, clearly stating the reason.

If the dossier is incomplete or invalid, Article 17 of the Government’s Decree No. 118/2025/ND-CP dated June 09, 2025, on the performance of administrative procedures under the single-window and inter-agency single-window mechanisms at Single-Window Sections and the National Public Service Portal, and amending, supplementing or replacing documents (if any), shall apply;

c) Within 7 working days after the provincial-level People’s Committee issues the payment decision, the provincial-level Department of Agriculture and Environment shall base itself on this decision to make payment to the insurer via the regional State Treasury, which shall transfer money to the insurer’s account opened at a commercial bank;

d) If failing to complete the payment to an insurer according to Point c, Clause 2 of this Article, the provincial-level People’s Committee shall direct the provincial-level Department of Agriculture and Environment to issue a written notice to the insurer, clearly stating the reason.”.

Article 12. To amend and supplement Article 28

“Article 28. Budget estimation

At the time of making annual budget estimates, based on the number of agricultural producers eligible for support under the provincial-level People’s Committees’ decisions and the demand for agricultural insurance, provincial-level Departments of Agriculture and Environment shall estimate the amount of funds to support agricultural insurance premiums and funds for dissemination of information on the agricultural insurance policy, and send them to the provincial-level Departments of Finance for summarization and clear determination of the funds to be covered by local budgets and supported by the central budget according to regulations, report them to the provincial-level People’s Committees together with the local budget expenditure estimates. After obtaining opinions from the Standing Bodies of provincial-level People’s Councils, provincial-level People’s Committees shall send the local budget expenditure estimates to the Ministry of Finance and the State Audit Office of Vietnam in accordance with the Law on the State Budget. The budget estimation shall comply with the provisions of the Law on the State Budget and its guiding documents.”.

Article 13. To annul Clause 2, Article 30; Article 31; Article 33; Clauses 2 and 3, Article 35; Clauses 2, 3 and 4, Article 36.

Article 14. To add Clauses 7 and 8 after Clause 6, Article 36

“7. To organize inspections and direct localities in complying with technical processes, regulations and standards in agricultural production in geographical areas where agricultural insurance is implemented.

8. To assume the prime responsibility for developing, managing and sharing specialized databases within the scope of state management to serve agricultural insurance in accordance with law; and coordinate in sharing data (if any) in accordance with law.”.

Article 15. To amend and supplement a number of clauses of Article 37

1. To amend and supplement Clause 4

“4. Based on the budget estimates already approved by competent authorities, to arrange local budgets to provide support for agricultural insurance premiums and allocate funds for this support according to this Decree; funds for dissemination of information on the agricultural insurance policy as prescribed by law.”.

2. To amend and supplement Clause 6

“6. To implement the following reporting regime:

a) Annually, to make detailed reports on funds to support agricultural insurance support premiums and funds for dissemination of information on the agricultural insurance policy, made according to Form No. 08 in the Appendix to this Decree, and send them to the Ministry of Finance; and reports on the results of implementation of agricultural insurance for objects of insurance eligible for support according to Form No. 09 in the Appendix to this Decree and send them to the Ministry of Agriculture and Environment;

b) Reporting time limits: Within 60 days after the end of the fiscal year;

c) Reporting methods: Direct submission, submission by post, or electronic submission via the National Interoperability Platform.”.

3. To add Clause 7 after Clause 6

“7. To provide guidance on, and promulgate according to its competence, technical processes, regulations and standards in agricultural production suitable to the locality; coordinate in monitoring and assessing loss and damage upon the occurrence of an insured event; and intensify the dissemination of information on agricultural insurance and the integration thereof into local agricultural development policies, strategies, targets and tasks.”.

Article 16. To add Article 37a after Article 37

“Article 37a. Responsibility of commune-level People's Committees

1. To organize the propaganda for and mobilize agricultural producers to implement agricultural insurance according to this Decree.

2. To organize the approval of support beneficiaries in accordance with Article 24 of this Decree.

3. To coordinate with insurers and specialized agencies in, participating and guiding agricultural producers to perform the control of risks, prevention and limitation of losses and prevention and combat of insurance frauds in accordance with Section 2, Chapter II of this Decree.”.

Article 17. To amend and supplement Clause 2, Article 39

1. a) To amend and supplement Points a and b

“a) To make and send quarterly and annual operational reports to the Ministry of Finance, made according to Form No. 11 in the Appendix to this Decree, and quarterly and annual reports on business results, made according to Form No. 13 in the Appendix to Decree No. 58/2018/ND-CP;

b) Reporting time limits:

Quarterly reports: Within 30 days from the end of the quarter;

Annual reports: Within 90 days after the end of the fiscal year;

c) Reporting methods: Direct submission, submission by post, submission via the electronic mail system, or submission via application software developed by the Ministry of Finance.”.

2. To add Point dd after Point d

“dd) The insurer’s actuary shall certify that insurance premiums have been developed on the basis of consideration of factors specific to agricultural insurance risks, objects of agricultural insurance, characteristics of agricultural production, and the insurance buyer’s ability to access and pay agricultural insurance premiums, and shall perform the duties of an actuary in accordance with guidance of the Ministry of Finance.”.

Article 18. To replace and remove a number of phrases of Decree No. 58/2018/ND-CP

1. To replace the phrase “the Ministry of Agriculture and Rural Development” with the phrase “the Ministry of Agriculture and Environment” at Point a, Clause 2, Article 29; Clause 5, Article 35 and the title of Article 26.

2. To replace the phrase “provincial-level Departments of Agriculture and Rural Development” with the phrase “provincial-level Departments of Agriculture and Environment” in Article 27 and Point b, Clause 1, Article 29.

3. To replace the phrase “provincial-level State Treasury” with the phrase “regional State Treasury” in Article 27.

4. To replace the phrase “district-level People’s Committees” with the phrase "commune-level People’s Committees” in Article 27.

5. To replace the phrase “10 days” with the phrase “7 working days” in Clause 27.

Article 19. To replace and repeal a number of forms in the Appendix to Decree No. 58/2018/ND-CP

1. To repeal Forms No. 7, 10 and 12 provided in the Appendix to Decree No. 58/2018/ND-CP.

2. To replace Form No. 01 in the Appendix to Decree No. 58/2018/ND-CP with Form No. 01 in the Appendix to this Decree.

3. To replace Form No. 03 in the Appendix to Decree No. 58/2018/ND-CP with Form No. 03 in the Appendix to this Decree.

4. To replace Form No. 04 in the Appendix to Decree No. 58/2018/ND-CP with Form No. 04 in the Appendix to this Decree.

5. To replace Form No. 05 in the Appendix to Decree No. 58/2018/ND-CP with Form No. 05 in the Appendix to this Decree.

6. To replace Form No. 08 in the Appendix to Decree No. 58/2018/ND-CP with Form No. 08 in the Appendix to this Decree.

7. To replace Form No. 09 in the Appendix to Decree No. 58/2018/ND-CP with Form No. 09 in the Appendix to this Decree.

8. To replace Form No. 11 in the Appendix to Decree No. 58/2018/ND-CP with Form No. 11 in the Appendix to this Decree.

Article 20. Effect

1. This Decree takes effect from October 20, 2026.

2. Agricultural insurance contracts entered into before the effective date of this Decree that remain within their terms and in effect shall continue to be performed in accordance with the provisions agreed upon therein, unless the parties to such insurance contracts agree to amend or supplement the contracts, in which case this Decree shall apply.

3. Ministers, heads of ministerial-level agencies, Chairpersons of People’s Committees of provinces and centrally-run cities and subject of application of this Decree shall implement this Decree.