Faster-than-expected GDP growth, the upgrade of Vietnam’s credit ratings, and big fluctuations in the corporate bond market are among notable events of the Vietnamese economy in 2022.
An electronic toll collection (ETC) system has been launched on Noi Bai-Lao Cai Expressway, the first route excluded in the North-South Expressway and the first connecting the capital city with the Northwestern region to operate the system.
The VETC Electronic Toll Collection Co., Ltd (VETC) has announced that it extends a free programme to attach electronic toll collection (ETC) tags for vehicles until August 5 with various forms.
An electronic toll collection (ETC) system will be in full operation across three toll booths on the Ho Chi Minh City – Long Thanh – Dau Giay Expressway from July 26, five days ahead the scheduled date.
All vehicles must use electronic toll collection (ETC) system when travelling on expressways from August 1, according to a notice of the Ministry of Transport (MoT) recently sent to cities and provinces nationwide.
The installation of electronic toll collection (ETC) system in all lanes of BOT expressways will be completed by July 31 following a direction from the Prime Minister, said Minister of Transport Nguyen Van The while answering legislators’ queries on June 9 as part of the 15th National Assembly’s third session.
Hanoi - Hai Phong Expressway is applying full electronic toll collection (ETC) on a trial basis, starting at 9am on June 1, according to the Directorate for Roads of Vietnam.
Hanoi –Hai Phong expressway will apply electronic toll collection (ETC) only from 0:00 on May 5 under a pilot scheme of Hanoi-Hai Phong Expressway Operation and Management Company Limited.
Deputy Prime Minister Le Van Thanh has signed a document requesting ministries, sectors and localities to urgently issue identification cards for vehicles to use non-stop electronic toll collection (ETC) service.
All build-operate-transfer (BOT) highways across Vietnam are scheduled to use electronic toll collection systems by the end of this year, but many seem set to fall short of the goal.
Minister of Transport Nguyen Van The has affirmed that investors in Build-Operate-Transfer (BOT) contracts will have to stop collecting fees if they don’t install electronic toll collection (ETC) systems by the end of this year.
In a bid to resolve obstacles to implement the national electronic toll collection (ETC) project, the Government has allowed the Ministry of Transport (MoT) to decide how much revenue to extract from BOT projects to pay for ETC service.
The Ministry of Transport plans to install e-tags on 3.2 million motorised vehicles by the year-end in a bid to conduct electronic toll collection (ETC) at build-operate-transfer (BOT) stations in 2019.
The implementation of the new electronic toll collection (ETC) system, designed to reduce delays on the nation’s roads, has become controversial as private investors operating the roads say they feel pressured to sign a contract with a single ETC builder-- the only one the Government has approved.
Investors in Build-Operate-Transfer (BOT) contracts are delaying installation of electronic toll collection (ETC) equipment at their toll gates on highways, officials said.
The Vietnam Expressway Corporation began a new system of collecting tolls using smart cards on the HCM City-Long Thanh-Dau Giay Expressway, which connects HCM City and Dong Nai province, on May 15.
The Transport Ministry’s plan to install electronic toll collection (ETC) systems on national highways by July 1 has failed to meet the deadline due to several difficulties.
The transport ministry wants electronic toll collection systems (ETCs) installed at all toll booths nationwide from 2020, to end delays and cut costs, Deputy Minister Nguyen Hong Truong said.
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