Infrastructure investment corporation makes debut

The Vietnam Infrastructure Development and Finance Investment Corporation (Vidifi) was officially set up in Hanoi on January 8 with the aim of mobilizing capital for the country’s infrastructure projects.

This will pave the way for more enterprises to get involved in the costly construction of expressways as well as other road systems in the country, said Minister of Transport Ho Nghia Dung.

The corporation has a charter capital of US$312.5 million, with the Vietnam Development Bank contributing 51 percent, the Vietnam Bank for Foreign Trade (Vietcombank) providing 29 percent, and the Vietnam Import-Export Construction Corp. (Vinaconex) and Saigon Investment Group, putting in 10 percent each.

Vidifi will start off with the 105.5 km Hanoi-Hai Phong highway running through the northern provinces of Hung Yen and Hai Duong, which will cost an estimated VND24 trillion.

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