VIET NAM INFRASTRUCTURE DEVELOPMENT AND FINANCE INVESTMENT JOINT STOCK COMPANY

VIET NAM INFRASTRUCTURE DEVELOPMENT AND FINANCE INVESTMENT JOINT STOCK COMPANY (abbreviated as VIDIFI., JSC) is one of Vietnam's most critical infrastructure investment entities, operating under Business ID 0102356598. Established on August 31, 2007, and headquartered in Hanoi’s South Tu Liem District, the company plays a central role in Vietnam’s transportation network, with particular emphasis on toll infrastructure and strategic expressway development.

At the core of VIDIFI’s operations is its flagship project, the Hanoi–Hai Phong Expressway. This 105.5 km expressway serves as a vital economic corridor between the capital and the major port city of Hai Phong. VIDIFI is also responsible for the operation and toll collection on National Road No. 5, and actively engages in accompanying infrastructure projects, including the development of new urban areas, industrial zones, and logistics hubs

The company’s legal structure is that of a joint stock company, with dominant ownership by the Vietnam Development Bank (VDB) holding 96.98%, alongside two other Vietnamese institutional shareholders. As of the end of 2023, VIDIFI had 200 employees and was led by Chairman Nguyen Minh Tho and General Director Tran Anh Tu.

Financial Recovery and Strategic Growth

VIDIFI reported USD 1.76 billion in total assets in 2023, up 10.92% year-over-year. Equity reached USD 418 million, reversing earlier years of negative capital. Revenue increased to USD 121.38 million, while net profit rose sharply to over USD 20 million, following two consecutive years of losses. This turnaround reflects improved toll revenue, cost optimization, and potentially, revaluation of assets tied to public-private infrastructure models.

Despite positive net earnings, VIDIFI still faces financial pressure, as indicated by negative working capital of over USD 151 million, suggesting liquidity constraints that may impact short-term obligations or reinvestment capacity.

Beyond Expressways: Diversification into Finance and Real Estate

While infrastructure remains its primary mandate, VIDIFI has diversified into finance, real estate, and securities, aiming to recoup capital from large-scale infrastructure investments. This diversification aligns with its strategic role as a quasi-public enterprise that bridges state investment and private capital recovery.

For those interested in Vietnam’s infrastructure landscape—whether investors, contractors, or policymakers—VIDIFI is a significant entity to watch, given its governmental ties, scale of operations, and pivotal role in national logistics planning.

To gain a deeper understanding of VIDIFI’s ownership structure, financial health, project pipeline, and risk profile, a comprehensive company report is available via VNBIS.COM, offering valuable insights beyond headline figures.