Ministry accelerates proposed HCMC-Can Tho high-speed railway plans

By Truong Van
Thu, March 16, 2023 | 9:26 am GMT+7

The Ministry of Transport is speeding up preparatory work for a proposed high-speed railway linking Ho Chi Minh City with Can Tho city in the Mekong Delta, a region with no access to railroads.

A bullet train in Japan. Photo courtesy of Nippon.com

A bullet train in Japan. Photo courtesy of Nippon.com

Deputy Transport Minister Nguyen Danh Huy has demanded careful studies for the railway in accordance with the country’s regulations on public investment and public-private partnership (PPP) models as it is "a difficult project with large scale and complicated technical features".

“The preparation for the project must match the overall planning for the national railway network, link with the North-South railway system, the trans-Asian railroads, and the planned railroad to the Cai Mep-Thi Vai port cluster,” Huy said in an announcement.

The deputy minister noted that relevant units must look at where stations are located with provincial plans for transportation development.

Vietnam’s Railway Project Management Board is required to make detailed studies on passenger and freight needs in order to work out suitable investment phases to assure cost-effectiveness.

The unit had earlier estimated the key project would cost up to $9 billion or so. The raiway will go through HCMC, Binh Duong, Long An, Tien Giang, Vinh Long, and Can Tho, which is the delta region’s hub. The total length is 174.5 km, and there would be 15 stations and 11 maintenance and repair stations on the route.

At present, Vietnam’s North-South railway ends in HCMC. It still uses a track gauge of about one meter which has been in use for more than 100 years, with no high-speed trains running on the single-track network.

The proposed HCMC-Can Tho line would be a high-speed route using an international track gauge of 1,435 millimeters. The proposal says the project, being double-track instead of single-track, would operate both passenger and freight trains. For passenger trains, the designed maximum speed is 190km/h and freight trains would run below 120km/h.

The investment model would come under the form of a PPP. Accordingly, the government would pay for site clearance, and private investors would mobilize capital for construction, trial runs, and delivery via a build-transfer-lease (BTL) contract.

According to the project’s consulting unit, the Mekong Delta region’s total transportation demand by 2035 would be over 133 million passengers and nearly 200 million tons of freight per year. For railway transportation, the estimates are 6.4 million passengers and 9.1 million tons of freight per annum.

Comments (0)
  • Read More
China's Exquisite Power launches $20 mln battery factory in Vietnam

China's Exquisite Power launches $20 mln battery factory in Vietnam

China-invested Vietnam Exquisite Power Technology Company Limited launched its $20-million factory in Vietnam’s northern coastal city of Hai Phong on Friday.

Industries - Sat, January 18, 2025 | 10:46 pm GMT+7

Central Vietnam city licenses 3 FDI projects worth $190 mln

Central Vietnam city licenses 3 FDI projects worth $190 mln

Vietnam’s central coastal city of Danang has granted investment registration certificates to four foreign-invested projects totaling $190 million.

Industries - Sat, January 18, 2025 | 10:35 pm GMT+7

Thailand to launch new carbon credits market

Thailand to launch new carbon credits market

Thailand aims to introduce a new carbon credits market this year as the Southeast Asian nation seeks to address weak demand and low prices.

Southeast Asia - Sat, January 18, 2025 | 7:57 pm GMT+7

Malaysia defines two priorities to ensure food security

Malaysia defines two priorities to ensure food security

Malaysia's Ministry of Agriculture and Food Security (KPKM) has set two major priorities for this year - reforming the national rice and paddy industry, and increasing productivity in the ruminant sector, particularly beef and buffalo meat production.

Southeast Asia - Sat, January 18, 2025 | 7:52 pm GMT+7

Foxconn doubles investment in central Vietnam province to $200 mln

Foxconn doubles investment in central Vietnam province to $200 mln

Fu Wing Interconnect Technology (Nghe An) Co. Ltd., a subsidiary of Foxconn, has doubled its investment in the central Vietnam province of Nghe An to $200 million.

Industries - Sat, January 18, 2025 | 4:07 pm GMT+7

WB revises up Vietnam’s 2025 GDP growth forecast to 6.6%

WB revises up Vietnam’s 2025 GDP growth forecast to 6.6%

Vietnam’s GDP growth can reach 6.6% in 2025, the World Bank said in the newly-released January edition of its “Global Economic Prospects” report.

Economy - Sat, January 18, 2025 | 10:36 am GMT+7

Poland’s leading pharma group Adamed keen to expand in Vietnam: exec

Poland’s leading pharma group Adamed keen to expand in Vietnam: exec

Adamed Pharma, a leading pharmaceutical and biotechnology group in Poland, plans to expand its investment in Vietnam, said Malgorzata Adamkiewicz, president of the company’s supervisory board.

Industries - Sat, January 18, 2025 | 10:16 am GMT+7

PM calls on Polish companies to expand investments in Vietnam

PM calls on Polish companies to expand investments in Vietnam

Vietnamese Prime Minister Pham Minh Chinh has asked Polish companies to increase their investments in Vietnam, capitalizing on the EU-Vietnam Free Trade Agreement (EVFTA).

Industries - Sat, January 18, 2025 | 10:07 am GMT+7

Ethics, ambition critical for startup founders to succeed: Go Global Holdings exec

Ethics, ambition critical for startup founders to succeed: Go Global Holdings exec

The global investment landscape offers abundant opportunities for Vietnamese brands to expand internationally, but startups must prioritize self-improvement and readiness, says Nguyen Phi Van, chairwoman of Go Global Holdings, a company specializing in franchising.

Companies - Sat, January 18, 2025 | 9:00 am GMT+7

Scandal-hit Tan Hoang Minh Group eyes $592 mln ecotourism project in central Vietnam

Scandal-hit Tan Hoang Minh Group eyes $592 mln ecotourism project in central Vietnam

Real estate developer Tan Hoang Minh Group has proposed the central province of Quang Binh allow it to study the building of a VND15 trillion ($592 million) ecotourism area in Le Thu district.

Real Estate - Sat, January 18, 2025 | 8:00 am GMT+7

Germany energy firm wpd plans $180 mln wind power project in central Vietnam

Germany energy firm wpd plans $180 mln wind power project in central Vietnam

Germany’s energy company wpd plans to invest VND4,600 billion ($181.62 million) in building a 143 MW wind power plant in Vietnam’s central coastal province of Binh Dinh.

Energy - Fri, January 17, 2025 | 10:21 pm GMT+7

BRICS – new key export market of Indonesia

BRICS – new key export market of Indonesia

Indonesia’s non-oil and gas exports to the five major BRICS nations reached $84.37 billion in 2024, accounting for nearly 34% of the country’s total non-oil and gas export value, according to the country’s Central Statistics Agency (BPS).

Southeast Asia - Fri, January 17, 2025 | 9:54 pm GMT+7

Vietnam refinery operator BSR hits $2.6 bln valuation in bourse debut

Vietnam refinery operator BSR hits $2.6 bln valuation in bourse debut

Binh Son Refining and Petrochemical JSC, the operator of Vietnam’s first oil refinery Dung Quat, officially listed over 3.1 billion BSR shares on the Ho Chi Minh Stock Exchange (HoSE) on Friday, marking a rare "blockbuster" debut on the major bourse in recent years.

Companies - Fri, January 17, 2025 | 6:59 pm GMT+7

Two remaining weak Vietnamese banks transferred to VPBank, HDBank

Two remaining weak Vietnamese banks transferred to VPBank, HDBank

The State Bank of Vietnam, the country's central bank, on Friday announced the mandatory transfers of two "weak" private banks under its special control, GPBank and DongA Bank, to VPBank and HDBank respectively.

Banking - Fri, January 17, 2025 | 4:32 pm GMT+7

DPPA not applied to non-manufacturing consumers, Vietnam ministry insists

DPPA not applied to non-manufacturing consumers, Vietnam ministry insists

Vietnam’s Ministry of Industry and Trade does not plan to extend the direct power purchase agreement (DPPA) mechanism to non-manufacturing consumers using the national grid.

Energy - Fri, January 17, 2025 | 3:50 pm GMT+7

Two foreign giants eye luxury marina, resort projects in central Vietnam

Two foreign giants eye luxury marina, resort projects in central Vietnam

Swiss investment fund Finance Suisse and the world’s leading superyacht builder Palmer Johnson are looking for opportunities to invest in a super-luxury marina and a resort in the south-central Vietnam province of Binh Dinh.

Industries - Fri, January 17, 2025 | 3:18 pm GMT+7