The investment, equivalent to 500 billion Vietnamese dong, is in the form of a five-year convertible bond with a fixed interest rate of 5% per year. This partnership aims to accelerate VETC's smart transportation projects.

The IFC is the largest global development institution focused on the private sector in emerging markets. It operates in over 100 countries, leveraging its capital, expertise, and influence to create markets and opportunities in developing nations. In the 2024 fiscal year, the IFC committed 56 billion USD in financing to private companies and financial institutions in developing countries.

A member of the Tasco Group, VETC operates the largest ETC system in Vietnam, holding a 75% market share with 133 toll stations. In addition to the IFC investment, VETC expects to receive another 500 billion Vietnamese dong from its parent company.

Tasco operates in various sectors, including insurance, automobile manufacturing and distribution, and real estate. The company distributes cars from brands like Volvo, Lynk&Co, and Geely. Tasco also partnered with the Chinese automaker Geely to open an assembly plant with a capacity of 75,000 vehicles per year and a total investment of 168 million USD.

In Quarter I, Tasco reported revenue of approximately 6.976 trillion Vietnamese dong and a profit after tax of over 28 billion Vietnamese dong, representing increases of 35% and 8.6%, respectively, compared to the same period in 2024.

For 2025, Tasco aims for a consolidated revenue of 39.878 trillion Vietnamese dong and a profit after tax of 571 billion Vietnamese dong, an 87.2% increase compared to 2024.

Trong Hieu