Government planning for 50 per cent of all tolls to be collected electronically by June 1.
Motor vehicle owners are now able to open an electronic toll collection (ETC) account for travel on the country’s expressways, from May 14.
Opening an account is free. An e-tag will be placed on the vehicle’s windscreen or headlights, where the ETC system will be able to detect it and automatically debit the toll from the account.
ETCs make for much faster toll collection. According to Ministry of Transport experts it takes about three minutes for each driver to pay the toll at a tollbooth. The time saved from electronic tollbooths is estimated to be worth VND2.8 trillion ($125.6 million) each year with VND233 billion ($10.45 million) in energy savings.
The Tasco Joint Stock Company and the VETC Viet Nam Joint Stock Company have worked recently with Vietnam Registry to train staff at 37 registration centers in the north on how to open new accounts and operate the ETC system.
The project is being steered by Ministry of Transport, with Tasco and VETC Viet Nam as the implementing units.
Deputy Minister of Transport Nguyen Hong Truong said that the ministry is trying to call for investment to ensure that 50 per cent of toll booths in Vietnam use the ETC system by June 1.