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COOPERATION IN APPLYING TECHNOLOGY IN TRANSPORT BUSINESS WITH BINH DUONG TRANSPORT ASSOCIATION

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COOPERATION IN APPLYING TECHNOLOGY IN TRANSPORT BUSINESS WITH BINH DUONG TRANSPORT ASSOCIATION

On November 27, 2019, MID Vietnam and Binh Duong Province Transport Association signed a cooperation agreement on applying technology to business and management of the transport industry to reduce costs, improve business efficiency, and increase competitive advantage

Faced with the increasingly high demand of the transportation market, it is also a big challenge for businesses operating in this field when facing rapid changes in the transportation management model in the current 4.0 industrial era.


The traditional transportation model, which has long faced many disadvantages, now has to compete with foreign businesses, with strong capital and well-invested technology, typically traditional taxi Mai Linh, VinaSun competing with Grab...


Faced with that situation, Binh Duong Transport Association, the representative unit of transportation businesses in the area, has boldly researched to find solutions to support its members. One of the urgent issues raised is: "Applying technology to optimize operations, automate intermediate steps, bring efficiency and improve service quality".


Accordingly, the two main issues signed by HHVT Binh Duong and MID Vietnam in this cooperation agreement are:


1. Cooperation in building an electronic ticket payment system for buses in the area towards SmartCity


In order to improve service quality and modernize cashless payments on bus routes, the Binh Duong Provincial Transport Association has cooperated with MID Vietnam to build an electronic ticket payment system for buses in the area.


Instead of using traditional paper tickets, passengers traveling by bus will be equipped with smart electronic tickets with electronic chips, paying directly via buspay. Using electronic payment tickets is faster and more convenient, without having to go through the intermediary step of buying tickets in cash with employees as before.


This, on the one hand, helps reduce operating costs and increase revenue. It is estimated that each bus transport enterprise will be able to reduce personnel costs by up to 60 million/vehicle/year; Reduce the cost of printing tickets by at least 50% of the annual cost of printed tickets and reduce ticket loss, helping to increase revenue by 20% or more. On the other hand, it helps managers to monitor and inspect more easily, without worrying about loss.


2. Cooperate in building and applying technology to the management and operation of means of transport in Binh Duong province.


The application of technology to the management and operation of means of transport in the area is also focused on and invested in by the Binh Duong Provincial Transport Association. Traditional management has many disadvantages and difficulties. Therefore, MID Vietnam brings modern technology solutions, which are not only beneficial for transport businesses but also serve the management work of inspection agencies. Thereby, it is possible to monitor promptly and quickly handle arising problems.


With many years of experience in researching and developing technology applications in the transportation sector, MID Vietnam brings the best technology solutions, bringing satisfaction to investors. Diverse payment methods, absolute data security. Technology applications are researched and produced purely in Vietnam to help partner businesses reduce costs and increase revenue.

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