What are regulations on cost of electronic toll collection service in Vietnam?

What are regulations on cost of electronic toll collection service in Vietnam?

According to Article 13 of Decision 19/2020/QĐ-TTg, the cost of electronic toll collection service is regulated as follows:

1. Cost incurred in ETC at toll road project is a source of revenue of the ETC provider to recover the investments in construction, renovation, management, operation, and maintenance of the ETC project. This cost is set aside from the revenue of tolls charged from the toll road project. If the revenue earned from the ETC project is not as feasible as stated in the approved financial plan, the Competent Authority shall consider whether or not keeping collecting toll at toll booths to recover the capital for the ETC project.

2. The Competent Authority shall determine the cost incurred in ETC operation upon approval for the feasibility study report of the ETC project in accordance with the plan for investment, construction, renovation, management, operation and maintenance at every toll booth. This cost shall be determined officially in the Contract between the Competent Authority and the ETC provider and included in the financial plan of the toll road project.

What are regulations on cost of electronic toll collection service in Vietnam? - Source: Internet

What are regulations on beneficiaries of road service fees in Vietnam?

According to Article 14 of Decision 19/2020/QĐ-TTg, the beneficiaries of road service fees in Vietnam are regulated as follows:

1. The ETC provider shall refund total amount of tolls collected from ETC booths to the investor for capital recovery as prescribed in the project contract, after deducting the cost incurred in ETC operation. The time for and method of transfer of money shall be agreed by the investor and the ETC provider provided that the transfer shall be done no later than 24 hours since the previous transfer except for exception circumstances as agreed in the agreement on toll collection service.

2. The investors and ETC providers shall file tax returns, remit payments, and do accounting as prescribed by law.

3. The ETC provider shall reimburse in full to the investor any loss of revenue by a cause for which the ETC provider is responsible.

What are regulations on costs of organizing, managing, and supervising toll collection in Vietnam?

According to Article 15 of Decision 19/2020/QĐ-TTg, the costs of organizing, managing, and supervising toll collection in Vietnam is regulated as follows:

1. Cost incurred in operation, management and supervision of toll collection means total expenses that the investor uses to operate, manage and supervise the toll collection (including ETC and MTC).

2. Cost incurred in operation, management and supervision of toll collection shall be agreed between the Competent Authority and the investor according to the principle that the cost shall be determined accurately and sufficiently and accordant with the law.

What are regulations on electronic toll collection documents in Vietnam?

According to Article 16 of Decision 19/2020/QĐ-TTg, the electronic toll collection documents in Vietnam are regulated as follows:

1. ETC proof of payment shall be issued in electronic form. ETC proof of payment must bear digital signature of the issuer as per the law.

2. No paper proof of payment is allowed for ETC. Where appropriate, electronic proof of payment may be printed for checking and comparison purpose as required by the regulatory agency.

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