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VETC Joint Stock Company (“VETC”, “VETC JSC” or the “Company”) is the leading electronic toll collection (“ETC”) systems operator in Viet Nam. Founded in 2015, VETC operates ETC systems on tolled roads and expressways across Viet Nam under long-term contracts with road operators. The Company manages 126 toll plazas and nearly 700 toll lanes nationwide, servicing over 3.8 million cars. International Finance Corporation (IFC) - the private sector investment arm of the World Bank Group – is considering a 5-year convertible bond of up to 500 billion VND ( US$ 19.8 million equivalent) to finance the Company’s capital expenditure program in the ETC business and its growth into other vehicles related added services segments, such as car parking fee collection business.