HANOI, July 16 (Xinhua) -- Insurance companies in Vietnam collected 58.6 trillion Vietnamese dong (nearly 2.6 billion U.S. dollars) in premium in the first half of this year, up nearly 24.4 percent year-on-year.

By the end of June, assets of insurers totaled 337 trillion Vietnamese dong (14.8 billion U.S. dollars), up 27.3 percent on-year, local newspaper VnEconomy cited the Insurance Supervisory Agency under Vietnam's Finance Ministry as reporting on Monday.

Insurers paid a total of 16.3 trillion Vietnamese dong (719 million U.S. dollars) to insurance policy beneficiaries in the six-month period, up 22.4 percent. Meanwhile, they poured some 277.4 trillion Vietnamese dong (12.2 billion U.S. dollars) into the local economy, up 27.5 percent.

In 2017, total premium revenue of insurers in Vietnam hit 105.6 trillion Vietnamese dong (4.7 billion U.S. dollars), up 21.2 percent from 2016, according to the agency.