The National Assembly agreed to add VND 38,251 billion in charter capital to VEC

ANH HUY |

The National Assembly agreed in principle to invest additional charter capital for VEC in the 2024 - 2026 period with an additional level of VND 38,251 billion.

On February 26, information from the National Assembly Office said that National Assembly Chairman Tran Thanh Man signed and issued Resolution No. 191/2025/QH15 on the policy of additional charter capital for the period 2024 - 2026 of the parent company - Vietnam Expressway Corporation (VEC).

Accordingly, the National Assembly agreed in principle to invest additional charter capital for VEC for the period 2024 - 2026 with an additional level of VND 38,251 billion. Of which, the Enterprise Development Investment Fund is 1,562 billion VND and the state budget has assigned the Ministry of Transport to invest in 5 expressway projects invested by Vietnam Expressway Corporation and has been disbursed 36,689 billion VND.

The National Assembly assigned the Government to direct relevant agencies to urgently organize the implementation and completion of procedures for supplementing charter capital for the period 2024 - 2026 for VEC; ensure effective management and use of capital and assets formed from charter capital granted in accordance with regulations, not to lose state capital and assets.

In addition, perfect relevant legal regulations according to authority; handle issues of management, use, accounting, capital and asset accounting, capital preservation and development plans when adding charter capital to VEC from this capital source.

The Resolution also clearly states that within the scope of its tasks and powers, the State Audit conducts an audit of the implementation of the Resolution and reports to the National Assembly at the October 2027 Session.

This Resolution takes effect from February 19, 2025.

ANH HUY
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