Further Vietnam expansion on MPTC radar

METRO PACIFIC TOLLWAYS Corp. (MPTC) said it is weighing opportunities to expand its toll road assets in Vietnam.

- Ashley Erika O. Jose

“Vietnam is a different story. In Vietnam, we were getting dividends. If somebody makes us an offer for an asset that is attractive for us, we will acquire it,” MPTC President and Chief Executive Officer Gilbert F. Santa Maria told reporters on the sidelines of an event last week.

He said the company is not investing in Vietnam at present as it continues to receive dividend streams from its existing toll operations there.

“We will continue to look at what Vietnam plans are,” he added.

MPTC, the tollways unit of Metro Pacific Investments Corp. (MPIC), has operations in Indonesia and Vietnam.

Its Vietnam presence is through affiliate CII Bridges and Roads Investment Joint Stock Co. (CII B&R), in which it holds a 45% stake.