Government approves VEC's charter capital increase by $1.48 bln

The Government Office has announced Prime Ministerial Decision No.1145/QD-TTg, dated June 13, 2025 and signed by Deputy Prime Minister Ho Duc Phoc, approving the increase in charter capital for the Vietnam Expressway Corporation (VEC) in the 2024-2026 period to create conditions for  transport infrastructure development.

According to the decision, VEC’s total charter capital in the 2024-2026 period will stand at VND39.366 trillion (more than $1.507 billion), an   increase of VND38.25 trillion ($1.48 billion) against its charter capital by the end of 2023.

The increased capital includes VND1.56 trillion from VEC’s Development Investment Fund and VND36.69 trillion from state budget which has been allocated for five expressway projects under VEC’s management.

Deputy Prime Minister Ho Duc Phoc asked the VEC to improve operation quality and efficiency after having charter capital increase, ensuring that the group is one among leading enterprises in the country in expressway development investment.