Traffic accidents cause 50 trillion VND in losses to Vietnam a year

Losses caused by traffic accidents in Vietnam amount to 50 trillion VND (over 2.12 billion USD) each year, equivalent to 30 percent of budget spending on education, or 1. 5 million people going without income for the whole year. 
The scene of a traffic accident (Photo: VNA)

The scene of a traffic accident (Photo: VNA)

The information was released at a ceremony on September 27 for the signing of a cooperation agreement between the National Traffic Safety Committee and the Vietnam Association of Motorcycle Manufacturers (VAMM). 

Vice Chairman of the National Traffic Safety Committee Khuat Viet Hung said despite the decrease in the number of accidents, deaths and injured victims every year, the reduction is not sustainable, and the numbers of dead and injured victims remain high. 

Hung said a majority of traffic accidents involve motorcycles. 

In the first nine months of 2018, motorcycle riders caused nearly 70 percent of the more than 13,240 traffic accidents nationwide, and accounted for almost 90 percent of dead and injured victims in accidents on the nation’s roads, he said.

Motorcycle remains a main means of transport in Vietnam due to underdeveloped infrastructure, low income and poor public transport services.

2018 is the fourth year that the National Traffic Safety Committee and the VAMM have joined hands to address issues related to traffic safety in the country through communication campaigns and research. 

In particular, the results and recommendations of the five research projects funded by VAMM research fund have provided useful reference for the National Traffic Safety Committee and related agencies in designing policies and measures to improve traffic safety. 

This year, the two sides launched a film contest on traffic safety entitled “I know, I change”.

VNA

Other News

Hanoi ready to implement Capital Law 2026, unlocking new development momentum

Hanoi ready to implement Capital Law 2026, unlocking new development momentum

The effectiveness of the Capital Law 2026 will be measured not by the number of legal documents issued but by tangible improvements in governance and public administration, better services for people and businesses, faster administrative procedures, stronger investment attraction and higher economic growth.

Vietnamese students earn honours at ROBOG Asia Cup 2026

Vietnamese students earn honours at ROBOG Asia Cup 2026

Three teams from Chu Van An Secondary School in Vietnam’s Thai Nguyen province have earned First Prize honours and advanced to the quarterfinals at the ROBOG Asia Cup 2026, a regional robotics and artificial intelligence (AI) competition for students held in Hong Kong, China.

Hanoi sets out new investment blueprint with century-long development vision

Hanoi sets out new investment blueprint with century-long development vision

As of early June, Hanoi had attracted 74.6 billion USD in foreign direct investment (FDI) through more than 9,250 valid projects. FDI inflows in the first six months were projected at 3.2 billion USD, surpassing the annual target by 116%, while nearly 16,000 new businesses were established in the first five months, up 34.4% year-on-year.

Vietnam promotes legal cooperation and rule of law at global forum

Vietnam promotes legal cooperation and rule of law at global forum

Vietnam’s development and international integration have gone hand in hand with the improvement of its legal system, the incorporation of international commitments into domestic legislation, and legal reforms aimed at fostering development, openness and global integration. The country regards international law as an essential instrument for building fair, mutually beneficial relations among nations.

Hanoi to hold investment promotion event on June 29

Hanoi to hold investment promotion event on June 29

At the event, Hanoi authorities plan to grant investment policy decisions and investment registration certificates to 20 exemplary projects in the fields of transportation infrastructure, industrial parks, urban development, social housing, environment, science and technology, and foreign investment attraction.

Hanoi's Red River urban area development draws widespread attention

Hanoi's Red River urban area development draws widespread attention

Located south of the Red River and extending from the historic inner city to newly developing areas in the south and the west, the central urban area along Red River’s right bank covers approximately 45,317 hectares and is projected to accommodate around 6.365 million residents by 2045 and 6.455 million by 2065.

Hanoi's Red River urban area development draws widespread attention

Hanoi's Red River urban area development draws widespread attention

Located south of the Red River and extending from the historic inner city to newly developing areas in the south and the west, the central urban area along Red River’s right bank covers approximately 45,317 hectares and is projected to accommodate around 6.365 million residents by 2045 and 6.455 million by 2065.

Regional cooperation strengthened to combat cross-border drug crime

Regional cooperation strengthened to combat cross-border drug crime

Vietnam, China, Laos and Myanmar face common challenges as drug syndicates increasingly exploit the Mekong River, cross-border transport networks, e-commerce platforms, international logistics services, cyberspace and cryptocurrencies to organise drug transactions and smuggling operations.