Saigon Mythbusters

The Myth: As all motorbike drivers are required to buy motorbike insurance, does the insurance actually protect you? According to Regulation No.126/2008/TT-BTC from the Ministry of Finance, all motorbike drivers are required to purchase civil liability insurance for their motorbikes. The mandatory civil liability insurance is priced at VND66,000 (inclusive of VAT) and is valid for one year. This is, however, not to … Read more