The International Finance Corporation (IFC), a member of the World Bank Group, has invested VND 500 billion (approximately USD 20 million) in VETC through convertible bonds with a 5% annual interest rate.

This strategic move is set to accelerate the development of intelligent transportation systems in Vietnam and catalyze a breakthrough in the country’s electronic toll collection and smart connectivity services.

On July 23, 2025, Tasco officially announced that IFC has invested in VETC - Vietnam’s leading electronic toll collection (ETC) company - via a five-year convertible bond issuance.

The deal marks the first time a major global financial institution has selected a Vietnamese ETC firm as a launchpad for smart traffic initiatives.

Beyond capital, IFC brings international expertise and standards. With its support, VETC aims to fast-track smart transport projects, enhance international partnerships, and raise the bar for product quality, service delivery, and environmental practices.

VETC is developing a range of new services including non-cash smart parking, ETC-integrated rescue services, toll and logistics management at airports and seaports, fuel payment solutions, and integrated gateways for public transport-related fees such as road maintenance charges, fleet tracking, traffic fine payments, and more – subject to market demand and legal frameworks.

As a member of Tasco, VETC currently operates Vietnam’s largest ETC system, covering 75% of the national market with 133 toll stations and 719 ETC lanes. The system serves over 3.8 million customers and processes 1.8 to 2.3 million transactions daily – approximately 700 million annually.

With IFC’s backing in finance and technology, VETC will scale its operations, strengthen system reliability, and continue improving user experience while increasing nationwide ETC adoption.

Vnbusiness