Vietnam accelerates national high-speed railway preparations

By Van Truong
Tue, April 18, 2023 | 12:23 pm GMT+7

The Ministry of Transport is working on an investment policy for a North-South high-speed railway project which is set to be approved by 2025.

Deputy Prime Minister Tran Hong Ha on Monday approved plans for policies, solutions, and resources to develop the country’s railway network from 2021-2030, with a vision to 2050, including the integral trans-Vietnam high-speed line.

Along with the North-South high-speed railway, the ministry is preparing to make investments in new routes, including Ho Chi Minh City-Can Tho; Bien Hoa-Vung Tau; Cai Mep-Thi Vai; Thu Thiem-Long Thanh; Hanoi-Hai Phong connecting the Lach Huyen port in Hai Phong; a line connecting Vietnam’s Lao Cai province with China and other countries; and Yen Vien-Pha Lai-Ha Long-Cai Lan.

China's latest bullet train can withstand extreme cold temperatures. Photo courtesy of CNN.

China's latest bullet train can withstand extreme cold temperatures. Photo courtesy of CNN.

For 2021-2025, the government has set aside nearly VND16 trillion ($681 million) in public funding for railway development. Meanwhile, the 2026-2030 period will need about VND224 trillion ($9.53 billion) from the state budget and other sources.

A total of 25,800 hectares of land will be needed for Vietnam’s railway development until 2050.

In early March, the Politburo - the Party’s premier decision-making body - set a target of approving an investment policy for the North-South express railway by 2025, with construction to start before 2030.

The government will submit its investment policy to the National Assembly for approval in the legislative body’s 2021-2026 term. The transport ministry will make feasibility reports, approve the design, complete site clearance, then start a number of bidding packages for the first two sections between Hanoi-Vinh and Ho Chi Minh City-Nha Trang in this period.

A pre-feasibility study for the entire North-South high-speed railway system was submitted to the government in February 2019. Based on that, the government established a state council to make appraisals. As planned, the trans-Vietnam line will pass through 20 provinces, operating on double tracks with a 1.435 meters gauge instead of the single track used on the current aging system. The total length will be 1,545 kilometers, with a maximum operating speed of about 320 km per hour.

It is estimated that the project will cost about $58.71 billion, or about 14.4% of Vietnam's GDP in 2022 ($409 billion).

Comments (0)
  • Read More
Obstacles for renewables projects must be removed before July 25: Vietnam PM

Obstacles for renewables projects must be removed before July 25: Vietnam PM

Prime Minister Pham Minh Chinh has requested ministries, local administrations, and state-owned Vietnam Electricity (EVN) to remove obstacles for wind and solar power projects before July 25.

Energy - Wed, July 23, 2025 | 6:34 pm GMT+7

Sumitomo eyes more energy, railway, smart cities opportunites in Vietnam

Sumitomo eyes more energy, railway, smart cities opportunites in Vietnam

Sumitomo seeks to further cooperation with Vietnam in the fields of energy, railways, and smart cities development, said Yukihito Honda, managing executive officer at the Japanese corporation.

Economy - Wed, July 23, 2025 | 5:13 pm GMT+7

Tyre firms struggle despite lower rubber prices

Tyre firms struggle despite lower rubber prices

The recent decline in natural rubber prices, typically seen as a positive signal for the tyre industry due to reduced input costs, has not brought the expected improvement in profitability.

Companies - Wed, July 23, 2025 | 3:40 pm GMT+7

ADB forecasts 6.3% GDP growth rate for Vietnam in 2025, country aims for 'at least 8%'

ADB forecasts 6.3% GDP growth rate for Vietnam in 2025, country aims for 'at least 8%'

The Asian Development Bank on Wednesday revised its Vietnam GDP growth projection down to 6.3% in 2025 and 6% in 2026, from 6.6% and 6.5% in April, respectively.

Economy - Wed, July 23, 2025 | 3:08 pm GMT+7

Vinhomes to start construction on $155 mln industrial park project in northern Vietnam in early 2026

Vinhomes to start construction on $155 mln industrial park project in northern Vietnam in early 2026

Vinhomes, the real estate arm of Vietnam’s conglomerate Vingroup (HoSE: VIC), is expected to commence construction of an industrial park in Hai Phong in the first quarter of 2026.

Industrial real estate - Wed, July 23, 2025 | 10:19 am GMT+7

Vingroup’s real estate arm VEF posts 8,372% net profit growth in H1 on strong sales

Vingroup’s real estate arm VEF posts 8,372% net profit growth in H1 on strong sales

Vietnam Exhibition Fair Center JSC, a real estate subsidiary of conglomerate Vingroup (HoSE: VIC), reported a net profit of VND15.25 trillion ($583.3 million) in the first half of 2025, up 8,372% year-on-year on the sales of key real estate projects.

Real Estate - Wed, July 23, 2025 | 8:08 am GMT+7

China's Guangxi proposes cooperation in aluminium mining, processing with Vietnam's Cao Bang province

China's Guangxi proposes cooperation in aluminium mining, processing with Vietnam's Cao Bang province

Guangxi, one of China’s largest aluminium industry hubs, is seeking to establish cooperation with Vietnam’s Cao Bang province in aluminium mining and processing.

Companies - Tue, July 22, 2025 | 10:17 pm GMT+7

Malaysia maintains stance in tariff negotiations with US: Prime Minister

Malaysia maintains stance in tariff negotiations with US: Prime Minister

Malaysian Prime Minister Datuk Seri Anwar Ibrahim has reaffirmed Malaysia's stance on factors that may affect the country's policies, especially regarding tariff negotiations with the US.

Southeast Asia - Tue, July 22, 2025 | 10:11 pm GMT+7

Northern Vietnam province Bac Ninh pledges optimal support for Samsung Vietnam expansion

Northern Vietnam province Bac Ninh pledges optimal support for Samsung Vietnam expansion

Bac Ninh is committed to facilitating the operation of Samsung Vietnam in the locality, said Chairman of the provincial People’s Committee Vuong Quoc Tuan.

Companies - Tue, July 22, 2025 | 10:04 pm GMT+7

NS BlueScope Vietnam publishes Environmental Product Declarations

NS BlueScope Vietnam publishes Environmental Product Declarations

NS BlueScope Vietnam has officially announced its Environmental Product Declarations (EPDs) to transparently disclose detailed information on the environmental impacts of its products.

Companies - Tue, July 22, 2025 | 8:07 pm GMT+7

Public corporate bond offerings expected to rebound rapidly in H2

Public corporate bond offerings expected to rebound rapidly in H2

As Vietnam’s financial markets continue a deeper phase of adjustment following a turbulent period, capital-raising channels are showing increasingly clear signs of divergence.

Companies - Tue, July 22, 2025 | 7:57 pm GMT+7

Vietnam’s benchmark VN-Index surpasses 1,500 points, highest in a month

Vietnam’s benchmark VN-Index surpasses 1,500 points, highest in a month

Strong cash inflows from domestic investors in the final minutes of trading propelled the VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), to its highest level in a month on Tuesday, topping 1,500 points.

Finance - Tue, July 22, 2025 | 4:52 pm GMT+7

Vietnam's top instant coffee producer Vinacafé Bien Hoa earns nearly $52,800 in daily profit

Vietnam's top instant coffee producer Vinacafé Bien Hoa earns nearly $52,800 in daily profit

Vinacafé Bien Hoa, Vietnam's leading instant coffee maker, posted an after-tax profit of over VND249 billion ($9.52 million) in the first half of 2025, or nearly VND1.38 billion ($52,785) per day.

Companies - Tue, July 22, 2025 | 3:49 pm GMT+7

Former Netflix HR leader joins Vietnam-based consultancy Newing as strategic advisor

Former Netflix HR leader joins Vietnam-based consultancy Newing as strategic advisor

Ho Chi Minh City-based Newing, a consulting firm specializing in leadership development and organizational transformation, is expanding its global network of experts to support Vietnamese enterprises, with Shweta Shukla, former Netflix HR executive, appointed as strategic advisor.

Companies - Tue, July 22, 2025 | 2:37 pm GMT+7

Malaysia’s EV adoption rate projected to reach 9.6% by year-end

Malaysia’s EV adoption rate projected to reach 9.6% by year-end

The adoption rate of electric vehicles (EVs) in Malaysia may reach 9.6% by the end of this year, supported by the introduction of new models and growing consumer interest, according to Malaysian Automotive Association (MAA) president Mohd Shamsor Mohd Zain.

Southeast Asia - Tue, July 22, 2025 | 1:41 pm GMT+7

Malaysia strengthens position in global hydrogen ecosystem

Malaysia strengthens position in global hydrogen ecosystem

Malaysia’s first solid-state hydrogen reactor, the HyPEReactor, has been launched at the Orang Asli Settlement of Pos Tibang.

Southeast Asia - Tue, July 22, 2025 | 1:39 pm GMT+7