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Citizens rush to buy motor vehicle insurance in Saigon amid intensified road inspection

Citizens rush to buy motor vehicle insurance in Saigon amid intensified road inspection

Tuesday, May 19, 2020, 10:48 GMT+7
Citizens rush to buy motor vehicle insurance in Saigon amid intensified road inspection
Locals purchase certificates of motor vehicle insurance on the sidewalk of Pham Van Dong Boulevard in Go Vap District, Ho Chi Minh City, Vietnam. Photo: Nhat Thinh / Tuoi Tre

Many residents in Ho Chi Minh City are rushing to purchase certificates of motor vehicle insurance as traffic police officers are waging an aggressive month-long campaign to inspect road users.

Under the campaign, which lasts until June 14, road users in the southern metropolis can be pulled over by traffic police officers for an administrative inspection regardless of whether or not they have committed a traffic violation.

Road users are required to show their driver's licenses, vehicle registration papers, and motor vehicle insurance certificates.

Those who fail to bring their insurance certificates will be subject to fines ranging from VND100,000-200,000 (US$4.3-8.6) for scooters and motorbikes to VND400,000-600,000 ($17.2-25.8) for four-wheeled vehicles.

The mandatory insurance covers civil liability in the event of traffic accidents, according to lawyer Le Trung Phat, who runs a private law firm.

As observed by Tuoi Tre (Youth) newspaper, vehicle insurance sellers in Ho Chi Minh City have recently seen surges in their customers.

Those stalls offering such certificates along major roads from or to the southern metropolis, including the Hanoi Highway, Pham Van Dong Boulevard, and National Highway 1, were crowded with customers last week.

A two-wheeler insurance certificate is sold at VND65,000 ($2.7) and valid for one year, while two-year certificates are priced at VND85,000 ($3.6) apiece.

Locals purchase certificates of motor vehicle insurance on the pavement of Pham Van Dong Street in Go Vap District, Ho Chi Minh City, Vietnam. Photo: Nhat Thinh / Tuoi Tre

Locals purchase certificates of motor vehicle insurance on the sidewalk of Pham Van Dong Boulevard in Go Vap District, Ho Chi Minh City, Vietnam. Photo: Nhat Thinh / Tuoi Tre

Nguyen Anh Bao told Tuoi Tre he has reluctantly bought the insurance, fearing to be fined.

“None of my parents, older sisters or brothers have bought insurance certificates for their vehicles,” said the 20-year-old man.

Le Thi Kim Dung, 27, who works as an agent for an insurance company based in Ho Chi Minh City, said she has been overwhelmed by scores of customers who ask for vehicle insurance certificates in the recent days.

She said there were weeks in the past when she was unable to sell a single certificate of vehicle insurance, but things have drastically changed since the road inspection campaign was launched.

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