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Update news high-speed railway project
"The recent handshake between VinSpeed and Siemens Mobility demonstrates Vingroup’s substantive and long-term vision in the high-speed rail sector," said Associate Prof Bui Quang Tuan, Phd, Vice President of the Vietnam Economic Science Association.
Vietnam’s parliament is reviewing a proposal to introduce special mechanisms to accelerate the $67B high-speed rail project.
When the National Assembly approved the investment policy for the North-South high-speed railway at the end of November 2024, it marked a shift in development thinking.
From capital to execution, the North–South high-speed railway demands real capacity, not promises, to fulfill its national mission.
Permanent Deputy Prime Minister Nguyen Hoa Binh chaired a pivotal meeting on November 27 with ministry officials and private enterprises regarding the proposed North–South high-speed railway project.
No urban real estate, no expected profit - but Vingroup still wants to build Vietnam’s $67 billion high-speed railway.
VinSpeed High-Speed Rail Investment and Development Joint Stock Company (VinSpeed) has unveiled plans to build the Hanoi-Quang Ninh high-speed railway by the end of this year and put it into commercial operation in the first quarter of 2028.
In a proposal outlining special mechanisms and policies for the North-South high-speed railway, the Ministry of Construction has recommended allowing investors to borrow up to 80% of the project’s investment capital from the state at 0% interest.
The Ministry of Construction has proposed a set of special mechanisms and policies for the North-South high-speed railway project, including loans with 0% interest for up to 30 years and several financial and tax incentives to attract investors.
The North-South high-speed railway project is expected to generate major opportunities for Vietnam’s automation industry - if legal reforms and local capabilities align.
HCM City establishes a high-level appraisal council for a 350km/h rail line proposed by Vinspeed, aiming to connect the city center to Can Gio in just 12 minutes.
Vietnam sees its rail investment as a chance to boost domestic manufacturing and join global supply chains.
Embarking on the North – South high-speed rail project, Vietnam is drawing on international practices and advanced technologies to ensure the success of the unprecedented project.
Deputy PM Ho Duc Phoc meets Thaco, Hyundai Rotem leaders on high-speed railway cooperation in Hanoi.
Mekolor’s sudden appearance in a massive rail project raises serious credibility questions.
THACO’s ambition to undertake the $67 billion North-South high-speed railway project faces a daunting financial challenge.
Mastering technology and building expert networks are crucial for Vietnam’s North-South HSR project.
Clear policies and strategic planning could help local enterprises play a leading role in railway development.
Hoa Phat Group is confident that the cost of its domestically produced steel rails for Vietnam’s future high-speed railway will be highly competitive. CEO Nguyen Viet Thang insists: “We never commit to a loss-making project.”
The North-South high-speed railway project is expected to begin construction before December 31, 2026.