The deal covers joint development of concession schemes for road infrastructure currently operated by the Vietnamese highways agency, Vietnam Expressway Corporation (VEC). The cooperation agreement also focuses on construction, financing and operation by VEC and Vinci of new greenfield motorway projects. Technology exchange is another aspect of the agreement.
The country plans to build a national expressway network, including a 1,800km-long north-south expressway on the basis of the public-private partnership model.