Aside from motorbike insurance being compulsory in Saigon, and everyone who rents or drives a motorbike must carry it with them in case of police checking, insurances are also very important because this is for your protection and preparation in case something unfortunate happens. Fees of compulsory insurance are (excluding VAT):
››Motorcycles under 50cc: VND55,000
››Motorcycles above 50cc: VND66,000
››Motorized three-wheelers and similar motor vehicles: VND290,000 According to Circular No. 151/2012/TT-BTC:
››Insurance liability for damage to people caused by motor vehicles is VND70M/crash.
››Insurance liability for property damage caused by motor vehicles (including motor vehicles used for the disabled) are VND40M/crash.