No more delays to kicking off North-South high-speed railway: expert

By Minh Anh
Sat, October 14, 2023 | 11:57 am GMT+7

Vietnam should not further postpone the development of the North-South high-speed railway, a leading veteran expert has said.

Prof. Nguyen Mai, chairman of Vietnam's Association of Foreign Invested Enterprises (VAFIE), was speaking at the first meeting of the recently-formed national steering committee for the North-South high-speed railway project and other major rail routes on Thursday.

Mai’s comments were echoed by others at the meeting. Minister-Chairman of the Government Office Tran Van Son, deputy head of the steering committee, pointed out the need for a new double-track railway for passenger and cargo transportation.

The national steering committee for the North-South high-speed railway project and other major rail routes convenes for the first time at the government headquarters in Hanoi, October 12, 2023. Photo courtesy of the government's news portal.

The national steering committee for the North-South high-speed railway project and other major rail routes convenes for the first time at the government headquarters in Hanoi, October 12, 2023. Photo courtesy of the government's news portal.

Financial expert Le Xuan Nghia suggested building a brand-new synchronous express railway instead of renewing the existing one.

The Ministry of Transport has mapped out a master plan to build the North-South high-speed railway and received feedback from ministries, central agencies, experts, and the general public, said Deputy Minister of Transport Le Danh Huy.

Speaking at the meeting, Deputy Prime Minister Tran Hong Ha, chairman of the committee, said that the development of the railway network in Vietnam is lagging behind economic needs. He urged the interdisciplinary committee to work on a plan to build express railways that suit the country’s topography.

“Investing in express railways is investing in the far future. It’s not just about a specific railway, it’s about forming an industry that is capable of dominating technology to operate an express railway network safely and effectively,” Ha noted.

He asked for the application of cutting-edge technologies, advances in digital transition, automation, artificial intelligence, and the Internet of Things to the project.

Deputy Prime Minister Tran Hong Ha speaks at the meeting, October 12, 2023. Photo courtesy of the government portal.

Deputy Prime Minister Tran Hong Ha speaks at the meeting, October 12, 2023. Photo courtesy of the government portal.

In late 2019, the transport ministry submitted to the government a pre-feasibility report on a Hanoi-Ho Chi Minh City high-speed railway project. In the first option, the 1,545 km-long railway would carry only passengers at a designed speed of 320 kilometers per hour. It would run on double-track, 1.435-meter rails. The cost for this option was estimated at $58.7 billion.

In the second option, a new 1.435-meter railway would be built to carry passengers at 180 km/h and cargo at 120 km/h, at a cost of $64.9 billion.

If things go as planned, one section in the North and another in the South will be completed by 2030. The entire route is expected to be finished by 2035, according to Prof. Nguyen Mai, also former Vice Chairman of State Committee for Cooperation and Investment, now Ministry of Planning and Investment.

The then board chairman of Vietnam Railways Corporation (VNR) Vu Anh Minh said in March 2021 that once the high-speed railway becomes operational, at a speed of 300 km/h, the travel time from Hanoi to Ho Chi Minh City would be reduced to just 6 hours, just one hour longer than the time needed to travel to the airport, complete check-in procedures, and fly to HCMC.

Comments (0)
  • Read More
Latvian man sentenced in Vietnam for operating loan shark ring with 1,380% interest rate

Latvian man sentenced in Vietnam for operating loan shark ring with 1,380% interest rate

Aigars Plivěs, a Latvian national, on Monday was sentenced to two years and nine months in prison for operating three companies that offered loans with high interest rates of 401-1,379.7% per year, earning illicit gains of more than VND4.15 trillion ($163 million).

Society - Wed, December 18, 2024 | 10:37 pm GMT+7

April Tea Shop to close down amid F&B sector woes

April Tea Shop to close down amid F&B sector woes

The Tiem tra thang 4 (April Tea Shop), a popular check-in and beverage destination for young people in Ho Chi Minh City, has announced it will shut down on December 25, ending a five-year journey.

Companies - Wed, December 18, 2024 | 9:56 pm GMT+7

New tourism trends seen in Thailand

New tourism trends seen in Thailand

Thailand is gearing up to attract more luxury and high-spending travellers in a bid to stimulate post-pandemic expenditure.

Southeast Asia - Wed, December 18, 2024 | 9:37 pm GMT+7

Thailand to allow more foreign workers in business

Thailand to allow more foreign workers in business

The Thai cabinet has approved in principle increasing the number of foreign workers at businesses to deal with labour shortage, according to Thai government spokesman Jirayu Huangsab.

Southeast Asia - Wed, December 18, 2024 | 9:25 pm GMT+7

Indonesia to build first nuclear power plant

Indonesia to build first nuclear power plant

Indonesia is planning to build its first nuclear power plant on Kelasa island in Bangka Belitung province.

Southeast Asia - Wed, December 18, 2024 | 9:18 pm GMT+7

Thailand announces research and innovation direction for 2025

Thailand announces research and innovation direction for 2025

The recent “Research X Innovation 2025” conference examined global trends and announced Thailand’s research and innovation direction for 2025.

Southeast Asia - Wed, December 18, 2024 | 8:49 pm GMT+7

Malaysia eyes to become ASEAN’s next-generation vehicle hub

Malaysia eyes to become ASEAN’s next-generation vehicle hub

The Malaysian Investment Development Authority (MIDA) has partnered with DRB-Hicom Bhd and Zhejiang Geely Holding Group Co. Ltd. to develop the Automotive Hi-Tech Valley (AHTV) in Tanjung Malim, Perak, with a goal of turning the country into ASEAN’s hub for next-generation vehicles (NxGV) and energy-efficient vehicles.

Southeast Asia - Wed, December 18, 2024 | 8:46 pm GMT+7

Thai IP developer Amata eyes clean energy cooperation with northern Vietnam province

Thai IP developer Amata eyes clean energy cooperation with northern Vietnam province

Amata Group of Thailand on Wednesday recommended the northern province of Quang Ninh foster cooperation in clean energy development in the time to come.

Investing - Wed, December 18, 2024 | 4:54 pm GMT+7

Czech's Sev.en Global Investments to make Europe's largest energy investment in Vietnam

Czech's Sev.en Global Investments to make Europe's largest energy investment in Vietnam

Czech-based Sev.en Global Investments, a multi-sector business, will expand its footprint to Asia, with Vietnam as a key market, the firm announced Wednesday.

Energy - Wed, December 18, 2024 | 3:43 pm GMT+7

Vietnam's Mekong Delta has immense opportunities for herbal-based medicine development: exec

Vietnam's Mekong Delta has immense opportunities for herbal-based medicine development: exec

The government should prioritize planning for designated growing areas and support product promotion to advance the development of products derived from medicinal herbs, said Pham Thi Xuan Huong, general director of OPC Pharmaceutical JSC.

Companies - Wed, December 18, 2024 | 2:15 pm GMT+7

Petrovietnam seeks WB support in offshore wind energy

Petrovietnam seeks WB support in offshore wind energy

State-owned Petrovietnam has called on the World Bank to provide support, including capital, to help with green energy projects, especially offshore wind power.

Energy - Wed, December 18, 2024 | 1:36 pm GMT+7

Masan High-Tech Materials exits its downstream business H.C. Starck

Masan High-Tech Materials exits its downstream business H.C. Starck

Vietnam's Masan High-Tech Materials on Wednesday announced the successful closing of the sale of 100% of H.C. Starck Holding (Germany) GmbH to Mitsubishi Materials Corporation Group.

Companies - Wed, December 18, 2024 | 1:24 pm GMT+7

New stock trading system KRX must come on stream in 2025: regulator

New stock trading system KRX must come on stream in 2025: regulator

The State Securities Commission (SSC) of Vietnam has demanded stock exchanges and related entities to launch the new stock trading system KRX in 2025.

Finance - Wed, December 18, 2024 | 11:40 am GMT+7

Hong Kong-invested battery maker GPPD raises Vietnam investment to $35 mln

Hong Kong-invested battery maker GPPD raises Vietnam investment to $35 mln

Singapore-incorporated GPPD Pte. Ltd., a subsidiary of Hong Kong-based Gold Peak Technology Group Limited, has increased its investment in Vietnam’s southern province of Binh Phuoc to $34.6 million.

Industries - Wed, December 18, 2024 | 11:17 am GMT+7

Vietnam interest rate unlikely to fall further: experts

Vietnam interest rate unlikely to fall further: experts

Interest rates in Vietnam are unlikely to decrease further and may even rise slightly in the near future, according to Pham The Anh, chief economist at the Vietnam Economic and Strategy Research Center (VESS).

Economy - Wed, December 18, 2024 | 10:04 am GMT+7

Vietnam an important partner of Guangdong-Hong Kong-Macao Greater Bay area: Sunwah Group chairman

Vietnam an important partner of Guangdong-Hong Kong-Macao Greater Bay area: Sunwah Group chairman

Through Hong Kong, an international financial center, Vietnamese businesses can more easily and effectively access the Guangdong-Hong Kong-Macao Greater Bay, says Sunwah Group chairman Jonathan Choi.

Economy - Wed, December 18, 2024 | 8:17 am GMT+7