Infrastructure, finance investment corp. makes debut

Infrastructure, finance investment corp. makes debut

08/01/2008 -- 10:16 PM

Ha Noi (VNA) – The Viet Nam Infrastructure Development and Finance Investment Corporation (Vidifi) made its debut in Ha Noi on January 8 with the main task of mobilising capital for infrastructure projects.

The corporation has a charter capital of 5 trillion VND (312.5 million USD), to which the Viet Nam Development Bank contributes 51 percent, the Viet Nam Bank for Foreign Trade (Vietcombank), 29 percent, and the Viet Nam Import-Export Construction Corp. (Vinaconex) and Saigon Invest Group, 10 percent each.

Vidifi will start off with the 105.5 km Ha Noi-Hai Phong highway running through northern Hung Yen and Hai Duong province which costs an estimated 24 trillion VND.

The corporation will also operate in finance and securities investment.

According to Minister of Transport and Communication Ho Nghia Dung, the launch of Vidifi will pave the way for more enterprises to get involved in the costly construction of express ways as well as the road system in the country.-Enditem
(VNAgency)