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Expressway operator reports 36% rise in toll collection

Expressway operator reports 36% rise in toll collection

Vietnam Expressway Corp, the operator of four major expressways, reported a 36% jump in toll collection to VND4.44 trillion (US$188.9 million) last year.
Vietnam Expressway Corporation sees profits jump 20 times

Vietnam Expressway Corporation sees profits jump 20 times

State-run Vietnam Expressway Corporation (VEC) reported a 20-fold surge in post-tax profits to VND155 billion ($6.68 million) last year thanks to financial income.
May 26, 2022 | 09:30 pm PT
Vietnam Expressway Corporation officials jailed for violations causing losses

Vietnam Expressway Corporation officials jailed for violations causing losses

Two senior officials at the state-owned Vietnam Expressway Corporation have been sentenced to jail for committing violations that caused losses while building the Da Nang – Quang Ngai Expressway.
December 6, 2021 | 09:52 pm PT
Another senior official at state highway construction company arrested

Another senior official at state highway construction company arrested

A deputy general director of the state-run Vietnam Expressway Corporation was arrested Friday for alleged violations related to the Da Nang – Quang Ngai Expressway construction.
October 9, 2020 | 09:45 pm PT
Senior Vietnam Expressway Corporation official arrested

Senior Vietnam Expressway Corporation official arrested

A deputy general director of state-run Vietnam Expressway Corporation was arrested Monday over violations in managing the Da Nang – Quang Ngai Expressway project.
May 11, 2020 | 07:06 am PT
State-owned expressway builder weighed down by debt

State-owned expressway builder weighed down by debt

The Vietnam Expressway Corporation (VEC) has accumulated debts of VND87 trillion ($3.72 billion) as it funds several mega projects.
July 1, 2019 | 01:08 am PT
Vietnam starts the deployment of electronic toll collection

Vietnam starts the deployment of electronic toll collection

From July 1, Cau Gie – Ninh Binh expressway investor applies the Electronic Toll Collection (ETC) system with Radio-frequency identification (RFID) technology at its two ticket booths.
July 1, 2016 | 09:20 pm PT
Ministry of Transport makes $93 million from divestments

Ministry of Transport makes $93 million from divestments

Nine state owned enterprises (SOEs) under the Ministry of Transport (MoT)’s management sold stakes worth VND2.7 trillion (about $93 million) in the first three months of 2016.
April 12, 2016 | 11:26 pm PT
 
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