Vietnam gov't demands work on North-South high-speed railway to start by end-2026
The Vietnamese Government on Wednesday issued a resolution that details the roadmap for implementing the North-South high-speed railway project, requesting all necessary conditions be completed for construction commencement no later than December 31, 2026.

Spanning approximately 1,541 kilometres, the proposed rail line will have speeds of up to 350 kilometres per hour. Photo courtesy of the government's news portal.
Spanning approximately 1,541 kilometres, the proposed rail line will have speeds of up to 350 kilometres per hour.
Designed with a load capacity of 22.5 tons per axle, the project will comprise 23 passenger stations and five freight depots. The infrastructure and equipment are intended to be dual-use, capable of supporting both civilian and national defence logistics, including cargo transport when required.
Recognizing the scale and complexity of this project as unprecedented in Vietnam, the Government has directed relevant ministries, provincial authorities, and specialis\zed agencies to urgently establish the necessary legal and procedural groundwork.
This includes the drafting of detailed regulations governing technical surveys, the adoption of front-end engineering design (FEED) standards in place of conventional preliminary designs, and the overall cost management framework for projects using the FEED methodology.
The regulations will also define the responsibilities and obligations of all stakeholders involved in engineering, procurement and \construction (EPC) contracts, including investors, contractors, and consultants.
Further legislative work will establish criteria for selecting eligible state-owned enterprises or Vietnamese firms to supply industrial goods and services essential to the railway sector.
Additionally, the government will issue guidelines to support scientific research, technological innovation, and the transfer of advanced rail technologies. Environmental and land-use considerations are also being addressed.
Complementary to these efforts, the Prime Minister will issue a formal decision outlining the specific types of industrial goods and services to be prioritized for procurement through Vietnamese enterprises.
In parallel, relevant parties are tasked with building a national plan for railway industry development through 2035, with a vision toward 2045 to submit to the PM for approval.
This plan should assess the current state of the sector, establish clear objectives, and lay out detailed implementation measures across critical domains, including civil construction, equipment manufacturing, specialised materials production, electrical systems, signalling infrastructure, and the supporting industry.
Recognizing that human capital is essential to the success of such an ambitious project, building a comprehensive workforce training and development plan is also among the tasks.
Training needs across the project’s lifecycle, from design and construction to management, operation, and long-term maintenance, will be identified. It will address demand of both public and private sectors, including government bodies, project management units, contractors, and operating entities, among others.
In addition, the specialized project management board will be reorganized to better oversee the railway’s execution.
Under the resolution, the Ministry of Construction has been designated the lead agency responsible for coordinating the implementation of the project.
The resolution sets a strict timeline, asking for consulting firms for making surveys and a detailed feasibility study to be selected so as to submit the study to the PM by August 2026. Later, the State Appraisal Council will assess the study and submit it to the PM for approval by September 2026.
Key infrastructure-related tasks such as site clearance, compensation, resettlement, and the relocation of affected power lines are expected to be largely completed by December 2026. These efforts will be made by localities and Vietnam Electricity (EVN), ensuring that contractors can be given cleared sites on schedule.
Contractor selection, contract finalisation, and other necessary steps must be completed on time to enable the official ground-breaking before December 31, 2026.
Meanwhile, construction, equipment procurement, and installation must also be carried out on schedule so that the project is put into operation in 2035 as targeted by the National Assembly.
- Read More
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7
Philippine energy group eyes investment in Vietnam’s power sector
AboitizPower wants to invest in Vietnam’s electricity industry, especially in transmission infrastructure, said Danel Aboitiz, executive director of the corporation.
Energy - Wed, August 6, 2025 | 11:11 pm GMT+7
Vietnam seeks 8.3-8.5% economic expansion for 2025
The Government has requested the State Bank of Vietnam to proactively adjust the credit growth aim for this year in line with a GDP expansion target of 8.3-8.5%.
Economy - Wed, August 6, 2025 | 10:41 pm GMT+7