Vietnam Electronic Toll Collection

What Vietnam Electronic Toll Collection does

Vietnam Electronic Toll Collection (VETC), legally Công Ty TNHH Thu Phí Tự Động VETC, is a Hanoi-based limited liability company and core subsidiary of Tasco JSC (Tập đoàn Tasco), Vietnam's largest private road-infrastructure investor. Founded in 2015, VETC operates Vietnam's dominant non-stop electronic toll collection (ETC) network, covering approximately 70% of the country's toll stations and serving as the primary service provider for major expressways including the Hanoi–Hai Phong, Cầu Giẽ–Ninh Bình, Đà Nẵng–Quảng Ngãi, Nội Bài–Lào Cai, and HCMC–Long Thành–Dầu Giây corridors. Its technology is built on RFID-based E-tag devices mounted on vehicle windshields or headlights, which communicate with toll lane readers to deduct fees automatically from prepaid traffic accounts without requiring vehicles to stop.

VETC operates a unified vehicle-services ecosystem on top of the core ETC rail. The VETC mobile app and customer website serve as a self-serve channel for account registration, E-tag ordering and home installation (delivered via Ahamove), balance top-up, and purchase of adjacent services: cashless parking (VETC Parking), fuel payment at PVOIL stations (VETC Petro), mandatory third-party liability insurance, and 24/7 nationwide roadside rescue (RSA). A licensed e-wallet (Payment Intermediary Service License No. 23/GP-NHNN, granted 27/04/2023 by the State Bank of Vietnam) and the VETC Loyalty points program form the payment and retention layer, while bank partnerships with SHB, TPBank, MBBank, Vietcombank, and BIDV and e-wallet integrations with MoMo, VNPAY, VNPTPAY, and ZaloPay enable top-ups. More recently, the company has expanded into EV charging (VETC Trạm sạc, 250+ stations via the EBOOST partnership), GPS vehicle tracking, and co-branded financial products (TPBank VETC credit card).

VETC's revenue is generated primarily as a transaction-based intermediary collecting toll fees on behalf of BOT investors and, increasingly, government-invested expressway operators; it also earns E-wallet transaction fees, E-tag device and replacement fees, RSA subscription revenue, and commissions on insurance and partner payments. Customer acquisition combines a product-led self-serve model (mobile app and website) with a multi-channel distribution network spanning toll-station on-site installation, vehicle inspection centers, 1,500+ support points, authorized service agents, partner bank and e-wallet apps, and e-commerce storefronts on Tiki and Lazada. The customer base is predominantly individual vehicle owners, supplemented by enterprise fleet accounts and corporate e-wallet users; the platform issued approximately 1.9 million E-tags by mid-2022 and contributed to the 5.8 million traffic accounts reported nationwide by September 2025.

Name

Vietnam Electronic Toll Collection

Legal name

Công Ty TNHH Thu Phí Tự Động VETC

Website

https://vetc.com.vn

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Short description

VETC is Vietnam's dominant electronic toll collection operator, a Tasco JSC subsidiary running ~70% of national toll stations via RFID E-tags. It serves individual vehicle owners and fleets with a unified app integrating tolls, parking, fuel, insurance, rescue, and EV charging.

Ownership category

akta.pro rank

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Infrastructure, Operations, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Toll Collection Intermediary Services: VETC charges toll collection fees as a payment collection intermediary for road operators (BOT investors and state-invested expressways). Revenue is generated as a transaction fee or service fee per vehicle passage through ETC lanes. The company also collects account management fees and E-tag device/service fees.
2. E-Tag Device and Account Services: Revenue from E-tag device provision, replacement (120,000 VND for out-of-warranty/replacement cases), and account management services.
3. Electronic Payment Services (E-Wallet): VETC earns fees from e-wallet services including payment gateway fees, collection/payment intermediation, and cross-service payment processing for parking, fuel, and insurance purchased through the VETC app.
4. Bundled Services (Rescue, Insurance, Loyalty): Revenue from VETC Rescue packages (Gói Cứu hộ toàn quốc 24/7), mandatory civil liability insurance (BH TNDS), and loyalty point redemptions. Rescue packages are sold as annual subscriptions with free towing within 100km per incident.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels8 records

Core offering

VETC operates Vietnam's dominant RFID-based non-stop electronic toll collection (ETC) system, covering approximately 70% of national toll stations. It issues E-tag devices that automatically deduct toll fees from a prepaid traffic account at highway toll plazas. Beyond tolls, VETC offers an integrated vehicle services ecosystem including cashless parking (VETC Parking), fuel payment (VETC Petro), mandatory civil liability insurance, 24/7 nationwide roadside rescue, EV charging (VETC Trạm sạc), a licensed electronic wallet, and a points-based loyalty program — all accessible through the VETC mobile app.

Product overview

VETC operates a smart transportation ecosystem built around its core non-stop electronic toll collection (ETC) service. The platform functions as a unified mobile application that connects multiple vehicle-related services — toll payments, parking, fuel, insurance, and roadside rescue — into a single account. The core ETC system uses RFID-based E-tag devices attached to vehicles, which interact with toll lane readers for automatic payment. The ecosystem is anchored by a digital wallet and loyalty program (VETC Loyalty), with services delivered via a consumer mobile app and web portal. The company holds a payment intermediary service license from the State Bank of Vietnam.

Differentiator

Problem solved

Functional benefit

Brands

• VETC Parking (VETC Eparking): Cashless parking payment service within the VETC digital transportation ecosystem.
• VETC Loyalty
• VETC Trạm Sạc
• VETC Petro
• VETC Bảo hiểm
• VETC Cứu hộ
• VETC Ví điện tử

Products and services

• Thu phí không dừng ETC (Non-stop Electronic Toll Collection)
• Thẻ E-tag (E-tag Device)
• VETC Parking (Eparking)
• VETC Petro (Fuel Payment)
• VETC Bảo hiểm (Mandatory Civil Liability Insurance)
• VETC Cứu hộ (Roadside Rescue / RSA)
• VETC Trạm sạc (EV Charging Stations)
• Ví điện tử VETC (VETC E-Wallet)
• VETC Loyalty

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

13 partnerships are on record, tiered major, moderate, minor and core.

• EBOOSTmajorStrategic or Co-development Partner · 24 July 2026VETC and EBOOST signed a strategic partnership to develop the VETC Trạm sạc (EV charging station) network. VETC Trạm sạc was launched as a unified platform connecting 250+ EV charging stations nationwide, with plans to continue expanding. The partnership aims to build charging infrastructure for electric vehicle users within the VETC ecosystem.
• VNPT (Vietnam Posts and Telecommunications Group)moderateGTM or Marketing Partner · 1 June 2026VNPT partners with VETC to allow VinaPhone Plus members (Silver tier and above) to exchange VinaPhone Plus points for VETC E-vouchers (50,000 or 100,000 VND denominations), redeemable for VETC toll credits. The program runs from 15/06/2026 to 29/11/2026.
• MBBank (Military Commercial Joint Stock Bank)moderateGTM or Marketing Partner · 21 May 2026MBBank partnered with VETC to allow MBBank app users to purchase VETC nationwide rescue packages (Gói Cứu hộ toàn quốc 24/7) directly within the MBBank application, providing roadside assistance as a proactive risk management solution for vehicle owners.
• TPBank (Tien Phong Bank)majorGTM or Marketing Partner · 6 May 2026TPBank and VETC launched a co-branded TPBank VETC credit card offering up to 15% VETC points on vehicle-related purchases, complimentary nationwide 24/7 roadside assistance for the first year, complimentary mandatory civil liability insurance, unlimited airport lounge access, and 0% installment for vehicle purchases at Tasco Auto.
• Geely Việt NammoderateGTM or Marketing Partner · 28 March 2026Geely Việt Nam partnered with VETC to offer exclusive benefits to Geely vehicle buyers, including free 5-year maintenance and 5-year VETC rescue service (RSA) worth 275,000 VND per year. Additionally, Geely's charging station partner Esky offers 35% discount on charging fees at stations co-developed with Tasco Auto.
• UrboxminorGTM or Marketing Partner · 18 December 2025Urbox partnered with VETC to allow its users to exchange Urbox reward points for VETC E-vouchers (100,000, 200,000, or 500,000 VND denominations) at a 1:1 conversion rate, redeemable for toll credits on the VETC platform.
• VEC (Vietnam Expressway Corporation)coreChannel Partner/ Reseller/ Distributor · 1 August 2022Tasco/VETC completed deployment of 132 ETC lanes across 28 toll stations spanning 490km on 4 expressways (Cầu Giẽ - Ninh Bình, Đà Nẵng - Quảng Ngãi, Nội Bài - Lào Cai, and Tp. HCM - Long Thành - Dầu Giây) managed by VEC, achieving 100% ETC on these routes ahead of the government's 1/8/2022 deadline.
• AhamoveminorChannel Partner/ Reseller/ Distributor · 16 December 2021Ahamove partnered with VETC to deliver E-tag devices to customers' homes in the Hanoi area as part of the at-home installation program, with Ahamove riders delivering and assisting with E-tag attachment.
• SHB (Saigon - Hanoi Commercial Joint Stock Bank)majorGTM or Marketing PartnerSHB and VETC signed a strategic partnership offering VETC customers exclusive benefits when opening SHB bank accounts through the VETC app, including 115,000 VND cash incentive and automatic e-wallet linking. SHB has 30+ years of experience and nearly 600 branches nationwide serving 5 million+ customers.
• MoMomoderateGTM or Marketing PartnerMoMo e-wallet enables VETC account balance top-up with periodic promotional discounts (e.g., 10% cashback capped at 100,000 VND, TET2023 promotional code for 10% toll fee discount). MoMo serves as a money-loading channel for VETC users.
• VNPAYmoderateGTM or Marketing PartnerVNPAY serves as a payment gateway enabling VETC account top-up with promotional benefits (up to 200,000 VND discount on first load). Part of VETC's multi-channel money loading strategy.
• VNPTPAYminorGTM or Marketing PartnerVNPTPAY enables free toll fee loading to VETC accounts during promotional periods (2022), supporting VETC's customer acquisition and retention efforts.
• VietcombankminorGTM or Marketing PartnerVietcombank listed as a partner in VETC's ecosystem, providing payment linking and account top-up capabilities for VETC users.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Q-Free ASA: Norwegian-headquartered provider of ETC, toll collection, and traffic management solutions for highways and urban infrastructure. Comparable as an international incumbent delivering RFID-based tolling technology and lane systems analogous to VETC's core offering.
• Kapsch TrafficCom: Global provider of intelligent transportation systems including ETC, tolling, and traffic management technology. Kapsch is comparable as a broader incumbent in the same ETC technology category, offering overlapping RFID and tolling solutions to road operators worldwide.
• Conduent Transportation: Operates one of the largest tolling back-office systems in the US, providing electronic toll collection, violation enforcement, and customer service. Comparable as a broader transportation-services incumbent with overlapping ETC operational and payment-processing capabilities.
• TransCore (Roper Technologies): US-based provider of tolling and traffic management solutions, including the E-ZPass technology backbone. Comparable as a mature ETC infrastructure operator with technology stack, lane systems, and back-office services similar to VETC's integrated platform.
• Tasco JSC: VETC's parent company and Vietnam's largest private road infrastructure investor. Comparable as the controlling group entity whose BOT expressway portfolio provides VETC's pipeline of toll-station opportunities, and whose diversified infrastructure interests overlap with VETC's strategic direction.

Emerging players

• MoMo (M_Service): Vietnam's largest e-wallet super-app and a VETC top-up channel partner. Comparable as a Vietnamese consumer payment platform competing for the same vehicle-owner wallet relationship, with broader payment intermediation capabilities overlapping VETC's licensed e-wallet.
• VNPay: Leading Vietnamese payment gateway and e-wallet platform, also a VETC top-up partner. Comparable on the payment intermediation and cashless transaction layer, where both firms operate under State Bank of Vietnam regulation.
• EBOOST: Vietnamese EV charging network operator that signed a strategic partnership with VETC in July 2026 to develop the VETC Trạm sạc platform (250+ stations). Comparable as an emerging player in the EV charging ecosystem where VETC is extending its multi-service vehicle platform.

Regional players

• FASTag (NHAI / Indian Highways Management Company): India's national RFID-based ETC system deployed across highway toll plazas, operated under NHAI. Comparable as a regional ETC peer in another emerging Asian market with similar RFID-based non-stop tolling, large vehicle-owner base, and government-mandated rollout.

Direct peers

• VDTC (Vietnam Digital Traffic Corporation): Vietnam's only other licensed ETC operator, controlling the remaining ~30% of toll stations nationwide. VDTC is the closest direct competitor to VETC, both serving the same vehicle-owner base with RFID-based toll collection, and competing head-to-head as Vietnam runs a duopoly ETC market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCEik_Fn5czkoJWbfhn3AI2Q
• Facebookfacebook.com/vetcgiaothongthongminh

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vietnam Electronic Toll Collection