VINABAI announces Vietnam's connection with ASEAN Compulsory Motor Insurance (ACMI) database system on November 15. (Photo: Tin tuc Newspaper) Accordingly, if Vietnam is theirtransit or destination country, owners of motor vehicles from ASEAN countries haveto participate in the compulsory insurance for civil liability of motor vehicleowners.
ACMI, a database system of compulsoryinsurance for motor vehicles of ASEAN, is used as the central database formember countries to grant insurance certificates. The system is part of the activities to carry out Protocol 5 to facilitate the flow of vehicles and goods throughborder gates of member countries.
Itis also set to be connected with the ASEAN Customs Transit System (ACTS) tocreate an electronic single-window mechanism for goods transit procedures tostep up the implementation of the ASEANFramework Agreement on Facilitation of Goods in Transit (AFAFGIT).
With the successful connection, Vietnam is one of the countries taking the lead in thisregard, together with Thailand, which manages this system, and Singapore, adeveloped nation in the bloc, according to VINABAI.
VINABAIChairman Nguyen Anh Tuan said the connection holds great importance as it notonly affirms that motor vehicles from ASEAN countries transiting Vietnam needto participate in the compulsory insurance for motor vehicles, but also helpspromote the flow of vehicles and goods through border gates in the region, includingVietnam.
Ownershave to bring along insurance papers (hard or electronic versions) when usingmotor vehicles so that authorities of member countries can check at borders,he noted.
The memorandum of understanding onthe official use of the ACMI software system in the 10 ASEAN countries wassigned two years ago to implement the AFAFGIT,inked by the regional finance ministers on April 8, 2001.
The AFAFGIT requires each member country setup a national bureau for granting insurance certificates and blue cards, aproof of those vehicles having insurance certificates, and helping settle accidentscaused by the vehicles with blue cards in the territory of that country.
In Vietnam, the connection with theACMI system is also important prerequisite for transit motor vehicles to complywith Decree 67/2023/ND-CP, issue by the Government in September 2023, on thecompulsory insurance for civil liability of motor vehicle owners.
The application of this insurance isalso a common practice in many countries to protect the rights and interests ofvictims of the accidents caused by motor vehicles and reduce the financialburden on vehicle owners./.
VNA
