HCMC – The International Finance Corporation (IFC), a member of the World Bank Group, has invested VND500 billion in VETC Electronic Toll Collection Company to support the expansion of smart transport services.
The investment was made through five-year convertible bonds, allowing IFC to later convert the debt into equity.
VETC currently operates the largest electronic toll collection (ETC) network in Vietnam, accounting for 75% of the market. Its system includes 133 toll stations and 719 ETC lanes, serving over 3.8 million users and processing between 1.8 and 2.3 million transactions daily.
The funding will support VETC’s efforts to expand non-stop toll collection services to parking lots, airports, and seaports. The company also plans to develop ETC-based roadside assistance and digital payment services for the transport sector.
The investment aligns with the Government’s infrastructure development goal of building over 5,000 kilometers of expressways by 2030.
