During its session held in Hanoi on February 10, the National Assembly Standing Committee agreed with the Government's proposal to increase charter capital for the Vietnam Expressway Corporation (VEC) in the 2024-2026 period to create conditions to develop transport infrastructure 

Minister of Finance Nguyen Van Thang said the current chartered capital of VEC is low, standing at over VND1.1 trillion ($42.9 million), making it hard for the group in mobilizing capital from different resource to invest in expressway projects and fulfill its business and development plan for 2021-2025 period.

The Government has recently proposed to increase VEC’s charter capital by VND38.25 trillion ($1.48 billion) during the 2024-2026 period. This includes VND1.56 trillion from VEC’s Development Investment Fund and VND36.69 trillion from state budget allocations for five expressway projects under VEC’s management.

The proposed capital injection is expected to promote VEC’s financial capacity, improve funding access, and enhance expressway project management to support long-term growth.