Vietnam firms Tracodi, Vidifi join hands in expressway management
Bamboo Capital Group subsidiary Tracodi and Vietnam Infrastructure Development and Finance Investment JSC (Vidifi), the operator of multiple expressways across the country, have joined hands to invest in infrastructure and expressway management.
Under an agreement signed on Tuesday, Tracodi and Vidifi will share experiences and establish a legal entity for managing, operating, maintaining, and collecting tolls from expressway projects. The entity will also seek out opportunities in bidding for expressway management and implementing infrastructure projects.

Representatives of Tracodi and Vidifi at the signing ceremony in Hanoi on June 6, 2023. Photo courtesy of Tracodi.
Vidifi is the investor in the famous Hanoi-Hai Phong Expressway, along with hydropower and infrastructure projects.
Tracodi, traded on the Ho Chi Minh Stock Exchange (HoSE) as TCD since 2017, was formerly a state-run enterprise. It became a subsidiary of the private Bamboo Capital Group in 2015, in charge of infrastructure development.
With a charter capital of VND2.44 trillion ($104.04 million), annual revenue of VND3 trillion ($127.71 million), and total assets of VND10 trillion ($425.71 million), Tracodi holds a Class-one certificate in road building, Vietnam’s highest class for this type of construction, showing its competency in joining national infrastructure development projects.
Notable projects implemented by Tracodi include the taxiway at Phan Thiet airport in the central province of Binh Thuan; an urban area and lake in Hiep Hoa district, the northern province of Bac Giang; and a road connecting National Highway 3 to Vo Nguyen Giap street in Hanoi.
From 2024-2027, Tracodi is set to start work on the Go Dau-Xa Mat Expressway in the Mekong Delta province of Tay Ninh; the Duc Hoa-Duc Hue Road in the Mekong Delta province of Long An; and provincial road No. 935 in the Mekong Delta province of Soc Trang. Other notable ones are realty projects, including King Crown Infinity in Ho Chi Minh City, Malibu Hoi An and Hoian d'Or in the central province of Quang Nam, and large-scale projects run by Bamboo Capital.
Speaking at the signing ceremony, representatives of both firms said that infrastructure provides many opportunities as the government pushes public investment. The cooperation can help the two firms utilize each other's strengths to benefit stakeholders.
This year, Tracodi has set a target of making VND3.3 trillion ($141 million) in consolidated net revenue, a year-on-year increase of 13%, and over VND267 billion ($13.39 million) in consolidated after-tax profit, down 20%.
In Q1/2023, the company recorded revenue of more than VND314 billion ($13.36 million), and after-tax profit of VND68 billion ($2.89 million), equivalent to 10% and 25% of the year's targets, respectively.
Bamboo Capital Group closed Tuesday's trading session up 2.7% at VND8,750 ($0.37).
- Read More
Sun Group seeks support to accelerate 2 urban area projects in southern Vietnam
Sun Group, a leading real estate developer in Vietnam, on Thursday asked Binh Duong province authorities for more support to speed up its two major urban area projects.
Real Estate - Fri, May 23, 2025 | 11:16 pm GMT+7
Hyundai Life enters Vietnam’s consumer goods market
Hyundai Life, a subsidiary of South Korea's top-tier industrial brand Hyundai Corporation Holdings, has officially entered the Vietnamese market, launching three product lines: home appliances, lighting equipment, and smart door locks.
Companies - Fri, May 23, 2025 | 10:44 pm GMT+7
China’s C&D Group plans $2 bln paper, pulp facility in central Vietnam
C&D Group of China, which ranks 85th on the Fortune Global 500, has proposed a $2 billion finished paper and pulp facility in Vietnam’s central province of Quang Binh.
Industries - Fri, May 23, 2025 | 4:50 pm GMT+7
Logistics, free trade zone projects proposed for My Thuy Port area in central Vietnam
My Thuy International Port Joint Venture Company (MTIP) has proposed studying several projects associated with its investment in My Thuy Port of Quang Tri province, central Vietnam.
Infrastructure - Fri, May 23, 2025 | 3:10 pm GMT+7
Packaging plays key role in attracting Thai consumers: Central Retail exec
Vietnamese businesses need to prioritize eco-friendly and modern packaging designs to appeal to Thai consumers, said Chailermchai Pornsiripiyakool, head of CSR & international corporate affairs at Central Retail.
Companies - Fri, May 23, 2025 | 2:41 pm GMT+7
VSIP eyes $86 mln residential project in central Vietnam
VSIP Nghe An Co. Ltd., the developer behind facilities under the Vietnam-Singapore Industrial Park (VSIP) model, has proposed a VND2.24 trillion ($86.3 million) residential area project in the central province of Nghe An.
Real Estate - Fri, May 23, 2025 | 1:16 pm GMT+7
Is Vietnam's steel major SMC emerging from shadows?
Steel manufacturer SMC Trading Investment JSC (HoSE: SMC) has dodged delisting, but its path to recovery remains rocky as the steel industry grapples with mounting challenges.
Companies - Fri, May 23, 2025 | 12:08 pm GMT+7
Thailand sees car sales bounce back after nearly 2 years
Domestic car sales in Thailand rose by 1% year-on-year in April, the first increase in 23 months, according to the Federation of Thai Industries (FTI).
Southeast Asia - Fri, May 23, 2025 | 8:51 am GMT+7
US set to impose steep tariffs on solar panel imports from Southeast Asia
The US International Trade Commission (ITC) determined on May 20 that domestic solar panel makers were materially harmed or threatened by a flood of cheap imports from four Southeast Asian nations, bringing the US a step closer to imposing stiff duties on those goods.
Companies - Fri, May 23, 2025 | 8:50 am GMT+7
Singapore launches five-year study on depression
Singapore’s Institute of Mental Health (IMH) has initiated a five-year study to look at the causes of depression among adults in the country, with the aim of finding ways to prevent it or halt its trajectory.
Southeast Asia - Fri, May 23, 2025 | 8:47 am GMT+7
Thailand aims to cut US trade gap by $15 bln
Thailand expects to reduce its trade surplus with the U.S. by as much as $15 billion a year, or one-third, with its recent initiatives to prevent the misuse of origin rules for exports, according to Thai Deputy Prime Minister and Finance Minister Pichai Chunhavajira.
Southeast Asia - Fri, May 23, 2025 | 8:45 am GMT+7
Q1 revenue of LG Electronics’s Vietnam factories fall 12% to $2 bln
LG Electronics’s factories in Vietnam, both in the northern port city of Hai Phong, recorded a total revenue of KRW2.84 trillion ($2.05 billion) in the first quarter of this year, down 12.3% year-on-year.
Companies - Fri, May 23, 2025 | 8:31 am GMT+7
'Reversal signal' from foreign investors after 2 years of net selling
Despite a persistent net selling trend since the start of the year, foreign investor activity in the first half of May has been described by several analysis groups as signaling a potential “reversal” after two years of consistent divestment.
Finance - Thu, May 22, 2025 | 10:51 pm GMT+7
'Tunnel king' Deo Ca proposes expanding North-South Expressway under PPP model
Deo Ca Group JSC, known as Vietnam’s “tunnel king” for its role in transport infrastructure, has proposed expanding the eastern section of the North-South Expressway to six lanes, using the public-private partnership (PPP) model.
Infrastructure - Thu, May 22, 2025 | 8:45 pm GMT+7
Vietnam's pharma major Imexpharm to build $58 mln plant in southern Vietnam
Imexpharm Pharmaceutical JSC (IMP) expects to complete procedures by September to begin construction of its Cat Khanh pharmaceutical plant in Dong Thap province in Q4/2025.
Industries - Thu, May 22, 2025 | 4:51 pm GMT+7
Thai Central Retail's Vietnam revenue hits $431 mln in Q1
Thai giant Central Retail posted revenues of nearly THB14.16 billion ($431.44 million) in Vietnam in the first quarter of this year, driven by increased consumer demand during the Tet (Lunar New Year) holiday.
Companies - Thu, May 22, 2025 | 4:23 pm GMT+7