MHI, Sojitz and VietinBank Sign Memorandum with Vietnamese Ministry of Transport on Demonstration Project to Integrate Country's ETC Systems
Sep. 10, 2015
Mitsubishi Heavy Industries, Ltd.
Vietnam Joint Stock Commercial Bank for Industry and Trade
Tokyo, September 10, 2015 – Mitsubishi Heavy Industries, Ltd. (MHI), Sojitz Corporation and the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), a state-owned bank based in Hanoi and owned roughly 20% by The Bank of Tokyo-Mitsubishi UFJ, have concluded a memorandum with the Directorate for Roads of Vietnam (DRVN) / Vietnamese Ministry of Transport (MOT) on a demonstration project targeting the integration of Vietnam’s expressway electronic toll collection (ETC) systems.
【Signing the contract】