VIETNAM EXPRESSWAY CORPORATION

VIETNAM EXPRESSWAY CORPORATION (TỔNG CÔNG TY ĐẦU TƯ PHÁT TRIỂN ĐƯỜNG CAO TỐC VIỆT NAM), commonly known as VEC, is a state-owned enterprise with a vital role in Vietnam’s infrastructure development. Formed as a one-member limited liability company on July 7, 2010, and registered under tax code 0101573511, the corporation is fully owned by the Ministry of Transport of Vietnam. Its headquarters is located at Floors 2–5, Tower A, CENTRAL POINT Building, No. 219 Trung Kinh Street, Yen Hoa Ward, Cau Giay District, Ha Noi City, Vietnam.

The corporation is managed by PHAM H.Q, serving as General Director, with deputies NGUYEN T.C and NGUYEN Q.B supporting executive functions. With around 100 employees, the company's operations span investment and construction of expressways, infrastructure projects, and auxiliary services such as highway service stations, restaurants, and technical consulting.

According to verified Company Financial Data from VANGUARD BUSINESS INFORMATION LLC, VEC reported total assets of USD 3.73 billion in 2023, down slightly by 1.25% compared to the previous year. However, equity surged 201.32%, reaching USD 1.61 billion, largely due to capital restructuring or revaluation. While sales increased to USD 196.63 million, showing 15.82% year-over-year growth, net profit declined sharply by 62.14%, falling to USD 25.17 million. This highlights a critical point in risk management, as revenue growth was not matched by consistent profitability.

The company's working capital position is positive at USD 262.57 million, suggesting healthy short-term liquidity. Still, given the scale of capital involved, stakeholders should apply careful due diligence, particularly as the enterprise undergoes ongoing legal adjustments to its business registration profile.

As a 100% government-owned corporation, VIETNAM EXPRESSWAY CORPORATION holds significant strategic importance. However, the volatility in profitability—even with a massive infrastructure footprint—raises concerns regarding operational efficiency, cost management, and return on investment.

Through its comprehensive Company Report services, VANGUARD BUSINESS INFORMATION LLC helps investors, contractors, and institutional stakeholders assess both the potential and risks of engaging with VEC. These reports include insights into financial trends, capital structure, ownership control, and governance transparency—critical elements when working with a key infrastructure operator.

In conclusion, VIETNAM EXPRESSWAY CORPORATION remains a cornerstone of Vietnam’s highway network development. But for informed decisions, especially involving long-term contracts or investment partnerships, professional Company Financial Data analysis and ongoing risk assessments from VBI are essential.