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Vehicle liability insurance to rise

Update: September, 29/2012 - 09:01

HA NOI (VNS)— The Ministry of Finance has changed liability insurance rates for vehicle accidents so that compensation for injuries and property damage will be increased by VND10-20 million ($500 to $1,000).

Insurance compensation for injuries and property damage will now be VND70 million (US$3,414) and VND40 million ($1,951), instead of the current level of VND50 million ($2,440) and VND30 million ($1,463).

The new rates will take effect from November 1.— VNS

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