Hanoi metro projects a thorn in the flesh

Nguyen Thanh Phong
By Nguyen Thanh Phong
Mon, May 30, 2022 | 9:40 am GMT+7

After enormous public outcry over record-high extra costs and record-long delays, Hanoi’s first metro line, Cat Linh-Ha Dong, finally entered operation, thank God.

Now, similar public resentment is brewing over the city’s second metro project, Nhon-Hanoi Station.

Groundbreaking for this route occurred in September 2010. At the time, authorities said it was scheduled for completion in 2016 with a total investment of over VND18,400 billion ($793 million).

Over time, after approved adjustments to investment expenditures in 2016, 2017 and 2018, expenses had soared to over $1.29 billion.

Now, Hanoi Urban Railway Management Board is proposing to have the figure raised to $1.49 billion, almost double the initial estimated cost. It is also seeking permission to delay completion to 2029, 13 years behind the initial timeline.

How much more will expenses increase and schedules derail?

The latest proposal has again disappointed many Hanoians, especially since construction has affected the backbone road from central Hanoi to outlying districts.

According to the management board, equipment contracts have seen both implementation time and costs extended due to the Covid-19 pandemic, which delayed and disrupted manufacturing and importing of equipment and prevented the travel of specialists from Europe. Other problems include site clearance and disputes with international contractors due to delays.

But the public is tired of the same old explanations.

Under its plan, Hanoi would have nine urban railway lines, which would make up a 318-kilometer railway network by 2050.

But the above-mentioned two projects are bad precedents. Someone must surely take responsibility for this mess. Transparency is vital to avoid similar problems from reoccurring in future as the country gears up to modernize its urban transport systems.

Comments (0)
  • Read More
Police propose prosecuting Egroup CEO Nguyen Ngoc Thuy for fraud, bribery

Police propose prosecuting Egroup CEO Nguyen Ngoc Thuy for fraud, bribery

Vietnam’s Ministry of Public Security has proposed prosecuting Nguyen Ngoc Thuy, chairman and CEO of Hanoi-based education group Egroup, along with 28 others, for fraud to appropriate property, giving bribes, and receiving bribes.

Society - Tue, November 18, 2025 | 4:01 pm GMT+7

Singapore-backed VSIP eyes large urban-industrial complex in southern Vietnam

Singapore-backed VSIP eyes large urban-industrial complex in southern Vietnam

A consortium involving VSIP, a joint venture between local developer Becamex IDC and Singapore’s Sembcorp, plans a large-scale urban-industrial development named the "Moc Bai Xuyen A complex along the Tay Ninh-Binh Duong economic corridor in southern Vietnam.

Industrial real estate - Tue, November 18, 2025 | 2:38 pm GMT+7

Aircraft maintenance giant Haeco to set up $360 mln complex in northern Vietnam

Aircraft maintenance giant Haeco to set up $360 mln complex in northern Vietnam

Hong Kong-based Haeco Group, Vietnam's Sun Group, and some other partners plan to invest $360 million in an aircraft maintenance, repair and overhaul (MRO) complex at Van Don International Airport in Quang Ninh province - home to UNESCO-recognized natural heritage site Ha Long Bay.

Industries - Tue, November 18, 2025 | 2:13 pm GMT+7

Thai firm opens 20,000-sqm shopping center in central Vietnam hub

Thai firm opens 20,000-sqm shopping center in central Vietnam hub

MM Mega Market Vietnam (MMVN), a subsidiary of Thailand's TCC Group, on Monday opened its MM Supercenter Danang, a 20,000 sqm commercial complex with total investment capital of $20 million, in Danang city.

Real Estate - Tue, November 18, 2025 | 12:20 pm GMT+7

Vietnam PM asks Kuwait fund to expand investment in manufacturing, logistics, renewable energy

Vietnam PM asks Kuwait fund to expand investment in manufacturing, logistics, renewable energy

Prime Minister Pham Minh Chinh on Monday called on the Kuwait Fund for Arab Economic Development (KFAED) to strengthen cooperation with Vietnam, particularly in the areas of industrial production, logistics, renewable energy, green economy, and the Halal ecosystem.

Economy - Tue, November 18, 2025 | 11:53 am GMT+7

Thai dairy brand Betagen to build first plant in Vietnam

Thai dairy brand Betagen to build first plant in Vietnam

Betagen, a famous Thai dairy brand, plans to build its first manufacturing plant in Vietnam, located in the southern province of Dong Nai.

Industries - Tue, November 18, 2025 | 8:49 am GMT+7

Banks dominate Vietnam's Q3 earnings season, Novaland posts biggest loss

Banks dominate Vietnam's Q3 earnings season, Novaland posts biggest loss

Banks accounted for more than half of the 20 most profitable listed companies in Vietnam’s Q3/2025 earnings season, while property developer Novaland recorded the largest loss.

Finance - Tue, November 18, 2025 | 8:24 am GMT+7

Highlands Coffee posts strongest quarterly earnings in 2 years on robust same-store sales

Highlands Coffee posts strongest quarterly earnings in 2 years on robust same-store sales

Highlands Coffee, Vietnam’s largest coffee chain, delivered its best quarterly performance in two years, with Q3 EBITDA exceeding PHP666 million ($11.27 million), parent company Jollibee Foods Corporation (JFC) said in its latest earnings report.

Companies - Mon, November 17, 2025 | 10:21 pm GMT+7

Hong Kong firm Dynamic Invest Group acquires 5% stake in Vingroup-backed VinEnergo

Hong Kong firm Dynamic Invest Group acquires 5% stake in Vingroup-backed VinEnergo

VinEnergo, an energy company backed by Vingroup chairman Pham Nhat Vuong, has added a new foreign shareholder after Hong Kong–based Dynamic Invest Group Ltd. acquired a 5% stake, according to a regulatory filing on Saturday.

Companies - Mon, November 17, 2025 | 9:52 pm GMT+7

Thai giant CP’s Q3 Vietnam revenue drops 20% as hog prices slump

Thai giant CP’s Q3 Vietnam revenue drops 20% as hog prices slump

Thailand’s Charoen Pokphand Foods PCL (CPF) reported a sharp downturn in its Vietnam business in Q3, making the country its only major market to contract.

Companies - Mon, November 17, 2025 | 4:16 pm GMT+7

Surging demand for gas turbines tightens supply chains, extends lead times: Siemens Energy

Surging demand for gas turbines tightens supply chains, extends lead times: Siemens Energy

Demand for gas turbines is rising rapidly, especially in regions with a surge in data center development, tightening supply chains and extending lead times - factors that investors must closely track during project preparation, according to Siemens Energy.

Companies - Mon, November 17, 2025 | 1:34 pm GMT+7

Novaland completes first phase of restructuring, targets 'returning to growth' from 2027

Novaland completes first phase of restructuring, targets 'returning to growth' from 2027

Novaland, a leading real estate developer in Vietnam, said it has completed the first phase of its multi-year restructuring plan and aims to finish the entire program by end-2026, positioning the company to return to growth from 2027.

Companies - Mon, November 17, 2025 | 12:26 pm GMT+7

Vietnam's property developer Regal Group to list shares on HCMC bourse in Q4

Vietnam's property developer Regal Group to list shares on HCMC bourse in Q4

Regal Group JSC, a property developer based in the central city of Danang, has applied to list its 200 million RGG shares on the Ho Chi Minh City Stock Exchange (HoSE) in Q4/2025.

Real Estate - Mon, November 17, 2025 | 10:52 am GMT+7

Vietnam's upstream oil & gas stocks surge on project momentum, regulatory easing

Vietnam's upstream oil & gas stocks surge on project momentum, regulatory easing

Stocks of Vietnam’s upstream oil and gas companies have surged in recent weeks, boosted by rising exploration activity and new rules that accelerate project approvals, while midstream and downstream players face pressure from falling crude prices.

Companies - Mon, November 17, 2025 | 8:57 am GMT+7

Indonesia to turn Bali into Asia’s next medical tourism hotspot

Indonesia to turn Bali into Asia’s next medical tourism hotspot

Indonesia is stepping up efforts to reduce the number of citizens seeking treatment abroad and turn Bali into Asia’s leading medical tourism hotspot.

Southeast Asia - Sun, November 16, 2025 | 9:05 pm GMT+7

Malaysia aims to become Southeast Asia’s AI, EV hub

Malaysia aims to become Southeast Asia’s AI, EV hub

Malaysia is shifting into high gear as it positions itself to become Southeast Asia’s leading hub for smart, sustainable mobility, powered by breakthroughs in electric vehicles (EVs), artificial intelligence (AI), and advanced manufacturing.

Southeast Asia - Sun, November 16, 2025 | 9:00 pm GMT+7

  • Infographics