Explaining the conversion of toll collection accounts to traffic accounts before October 1

Regarding the requirement to convert toll collection accounts to traffic accounts before October 1, the Vietnam Road Administration said that this regulation will help the State management of toll collection become more public and transparent; help people make payments easily and simply, and promote cashless payments according to the Government's policy.

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Pursuant to Article 31 of Decree 119/2024/ND-CP of the Government regulating electronic payment for road traffic, vehicle owners shall coordinate with road use fee payment service providers to convert existing toll collection accounts according to Decision No. 19/2020 of the Prime Minister to traffic accounts and connect non-cash payment means with traffic accounts before October 1, 2025.

Also according to Decree 119/2024/ND-CP, to pay road fees at toll stations using the electronic toll collection method (ETC), vehicle owners need to open a traffic account connected to a non-cash payment method according to banking law instead of just using a toll collection account as currently.

Regarding the regulations on converting toll collection accounts, currently the toll collection account is a traffic account and money is deposited to pay road fees. However, the Ministry of Construction is not a specialized unit in managing money in toll collection accounts.

During the process of drafting Decree 119, the Ministry of Transport (now the Ministry of Construction) agreed with the State Bank on a management method of separating toll collection accounts into traffic accounts connected to non-cash payment means such as e-wallets or bank accounts, credit cards... Vehicle owners have the right to choose payment means to connect to traffic accounts.

According to information from the Vietnam Road Administration, there are 6.3 million vehicles nationwide using the ETC toll collection service, accounting for nearly 100% of the total number of cars nationwide. However, about 4 million people (about 70% of the vehicles using ETC) have not yet switched to a traffic account because many people do not know about the new regulations.

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Source: https://baolaocai.vn/ly-giai-viec-chuyen-doi-tai-khoan-thu-phi-sang-tai-khoan-giao-thong-truoc-110-post879417.html