Vietnam is on course to make electronic toll collection (ETC) technology available at all toll stations on its lifeline National Highway 1 by the end of 2018, as stipulated in a government plan. Radio-frequency identification (RFID) tags are now available on around 480,000 out of Vietnam’s three million cars, with authorities now hoping to tag all cars within this year. Out of 28 newly installed tollgates nationwide, 17 are already capable of ETC, which eliminates the delay on toll roads by collecting tolls cashless and without requiring cars to stop. ETC works by scanning the RFID tag on an approaching vehicle and debiting the driver’s account, which must be created and topped up in advance. The current ETC systems on Vietnam’s roads still require a barrier, which only lifts to allow a vehicle to pass if the driver has enough money in their account to pay for the toll fee. Drivers with insufficient fund must pay with cash on the spot through a tollgate … [Read more...] about Vietnam moves toward electronic toll collection
Rowan atkinson car collection
VietNamNet Bridge – A tycoon in the plastic industry is believed to be the owner of the largest and most valuable collection of super-cars in Vietnam, with many cars worth a million of US dollars like Bugatti Veyron, Lamborghini Aventador LP700 - 4, LP670 - 4 SV Murcielago and Ferrari 458 Italia. Ferrari 458 Italia and a duo of Lamborghini LP640 in a garage in District 7, HCM City, in which the black LP640 is only a “guest.” VNE … [Read more...] about Super-cars in Vietnam
VietNamNet Bridge – In Vietnam’s metropolises like Hanoi and HCM City, even if you drive a super-car, your speed cannot exceed 40km per hour and your car will have to inch in traffic jams or floods. At a recent workshop, an official from the National Traffic Safety Committee cited World Bank research to show that transport costs in Vietnam account for 11.8% of GDP, compared to less than 4.5% in the US, 4.8% in Singapore, 5.8% in the EU, and 6% in Japan. Thus, the cost of travel and transportation in Vietnam is the highest in the world. All cats are grey in the dark It is a waste for using a super-car in this situation. An entrepreneur in HCM City recently bought a VND1.6 billion ($800,000) car, which has maximum speed beyond 200 km/h. However, on the first day he drove the car, he was very disappointed seeing his super-car inching forwards together with bicycles and motorcycles in traffic congestion. Traffic jams took him two hours just to go through a distance of … [Read more...] about In Vietnam, the rich advised to not buy luxury cars
VietNamNet Bridge - Vietnamese are turning their back on Chinese cars for several reasons, including low quality, design copies and vulnerability. Just within 10 years, six Chinese car brands came to Vietnam through different ways. They are either imported to Vietnam under the mode of complete built units (CBU) or assembled in Vietnam by joint ventures between Vietnamese and Chinese manufacturers. Chinese cars tried to conquer Vietnamese hearts thanks to their low prices, positioned as the cheapest car products in the market. However, the low-pricing did not help them cement their position in Vietnam The names of Chery, BYD, Geely, Lifan and MG have disappeared in the market. The other three Haima, Changan and BAIC are still in Vietnam, but there is no sign of vitality. According to the General Statistics Office (GSO), Thailand has outstripped South Korea and China to become the biggest supplier of CBU cars to Vietnam. Vietnam now mostly imports cars from Thailand … [Read more...] about Vietnamese turn their back on Chinese cars
VietNamNet Bridge – Super cars by well known brands have appeared in Vietnam, from Lamborghini, Rolls Royce to Bentley, Porche and Audi. However, it may be a surprise to manufacturers and many other people that Vietnamese businessmen do not want others to know about their cars, which they buy not for use, but for their collections. Big changes to car market after April 1 Auto market stalls, needs kick-start Car price war started by local manufacturers Nguyen Quoc Cuong, Deputy General Director of Quoc Cuong Gia Lai Corporation, has frequently appeared on newspapers these days, both on domestic and foreign, not because he is a manager of a big company which lists its shares on the bourse, but because he is the owner of an impressive collection of cars. However, the businessman does not seem too pleased about being known for his car collection Cuong, when giving an interview to local press, said: “Everyone has their own pleasures or … [Read more...] about What do VIPs use super cars for?