The International Finance Corporation (IFC), part of the World Bank Group, will invest USD19.2 million (500 billion dong) to support the digital upgrade of Vietnam’s road infrastructure. The funding will assist Vietnam Electronic Toll Collection Company (VETC), the country’s leading e-toll operator, in expanding its nationwide electronic toll collection (ETC) system. This investment aligns with the government’s efforts to reduce traffic congestion, improve toll efficiency, and enhance transparency in transport operations.
VETC plans to scale its infrastructure to cover more highways and inter-provincial routes, streamlining toll transactions through contactless payment and vehicle identification technologies. The partnership with IFC will also help VETC strengthen its operational and financial systems as part of a broader strategy to modernise Vietnam’s transport sector and encourage public-private partnerships in digital infrastructure.