The National Assembly (NA), at its 9th irrigular session sitting between February 12-19, approved a plan to increase the charter capital of the state-owned Vietnam Expressway Corporation (VEC) by over VND38.25 trillion ($1.48 billion) for the 2024-2026 period.

This includes VND1.56 trillion from its Business Development Investment Fund and VND36.69 trillion from state budget, which have been disbursed  for five expressway projects under VEC’s management.

Mr. Truong Viet Dong, CEO of the group, said this marked an important milestone in the group’s development.

VEC plans to expand existing expressways and complete some sections of the eastern North-South Expressway, he said. It will also invest in new expressways under national plans.