In agricultural production, peasants always have to face a lot of different risks with various extents of diversified impacts. To minimize the risks, an effective measure to be utilized is to have insurance, since it not only helps to repair the damage, recover production activities and re-stabilize peasants' life, but it also improves awareness of both peasants and insurance firms in the market mechanism, which will be necessary for production stabilization and develqpment. The author analyzes the actual state of agricultural insurance in Vietnam. and suggests some measures to strengthen agricultural insurance in the coming time.