Government's Role in Agricultural Insurance Development

Agricultural production always faces many risks and challenges such as natural disasters and epidemics. Agricultural insurance was born as an effective financial tool in minimizing and overcoming risks for farming households. In Vietnam, agricultural insurance has been deployed with many expectations. However, during the implementation process, there are still many difficulties and challenges. In an agricultural, developing country where the quality of life and awareness of farmers is not high, the government's role in supporting and promoting the development of agricultural insurance is indispensable. The article outlines the process of applying agricultural insurance in Vietnam and the role of the Government in the development of the country's insurance. On that basis, the article offers some comments and discussions to expand and develop agricultural insurance in the coming time.