A Memorandum of Understanding (MoU) on the use of electronic toll collection systems was signed on August 31, joining the Viet Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), the Mitsubishi Heavy Industries, Sojitz Corporation and the Viet Nam Road Administration (VRA).

A line of cars moving past a toll collection.(Source: VNA)

Earlier, the Ministry of Transport agreed to implement electronic toll collection systems on National Road No 1 and a section of the Ho Chi Minh Highway that runs through the Central Highlands region using the radio-frequency identification (RFID) technology.

The electronic toll collection will be also used at expressways using capital from Japanese government as well.

Since 2011, Vietinbank has coordinated with the VRA to implement a pilot project on non-stop automated toll collection via bank payment at six toll points on national roads using Europe’s active technology.

By the end of 2014, 23 toll points nationwide were using the technology.

(Source: VNA)