Hanoi, Feb. 15 -- A new regulation on banning commercial banks from selling insurance together with banking services will negatively affect banks' bancassurance revenue in the future, some analysts have claimed.

The regulation under the amended Law on Credit Institutions was recently passed by the National Assembly and will take effect from July this year.

According to broker MB Securities, with the passing of the law, bancassurance activities will be more strictly managed, which will cause the growth rate of income from bancassurance of banks to decline compared to the 2019-21 period.

Sharing the same view, Yuanta Vietnam Securities also believes the new regulation will greatly affect banks whose fee income mainly comes from bancassur...