VETC is a wholly owned subsidiary of TASCO Joint Stock Company (“Tasco” or the “Sponsor”). Established in 1999, TASCO is currently listed on the Hanoi Stock Exchange with a market cap of approximately US$ 570 million as of March 17, 2025. Tasco operates in four key businesses: (i) construction of road, bridges, and other infra projects; (ii) operation of five road BOT projects; (iii) automobile distribution; and (iv) real estate.                                                   

The proposed IFC investment of up to VND 500 billion (US$ 19.8 million equivalent) in the form of convertible bond.                                

 The Company, the Sponsor and the Project are located in Viet Nam. Both the Company and the Sponsor have headquarters in Hanoi, the capital city of Viet Nam.                       

N/A.                                                   

This is a Category B Project according to IFC’s Policy on Environmental and Social Sustainability (2012) because it is expected to have limited adverse E&S risks and/or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures. Key E&S impacts and risks include (i) capacity and systems of the client to upgrade and effectively implement an E&S management system in accordance with IFC PSs; (ii) human resource (including gender-based violence and harassment) and occupational health and safety (OHS) management to ensure fair and safe working conditions for all workers, including third-party workers (e.g., contractors); and (iii) e-waste and hazardous waste management.