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 calls for expanded flexible financing tools from ADB
Prime Minister Le Minh Hung has called on the Asian Development Bank (ADB) to expand flexible and preferential financing instruments better suited to Vietnam’s funding needs for development investment in the coming period.
Economy - Sun, May 10, 2026 | 4:08 pm GMT+7
Asia’s leading luxury travel magazine hails Hanoi's new opera house: 'Move aside, Sydney'
Even while under construction, the new Hanoi Opera House at West Lake has become a focal point for international media.
Companies - Sun, May 10, 2026 | 11:21 am GMT+7
Duc Giang Chemicals CEO reassures shareholders, accepts profit erosion pressure
CEO of Duc Giang Chemicals Group JSC (HoSE: DGC) Luu Bach Dat admitted shortcomings in the company’s legal compliance following the arrest of senior executives and pledged to close regulatory loopholes to prevent similar issues in the future.
Companies - Sun, May 10, 2026 | 10:54 am GMT+7
Vietnam developer Saigonres plans $650 mln investment for next 5 years
Saigon Real Estate Group JSC (Saigonres) plans total investment of VND17.11 trillion ($650.37 million) for 2026-2030, implying average annual capital demand of about VND3-4 trillion ($114-152 million).
Real Estate - Sun, May 10, 2026 | 10:15 am GMT+7
Firms must abandon five leadership habits to navigate AI era: FPT CEO
The important thing is not to chase AI, but to apply AI to solve the right organizational problems, said Nguyen Van Khoa, CEO of FPT Corporation, a leading technology company in Vietnam.
Companies - Sun, May 10, 2026 | 8:00 am GMT+7
Trung Nam Group's solar power arm suffers $37 mln loss amid rising debt pressure
Trung Nam Thuan Nam Solar Power Company Limited, a subsidiary of the multi-sector Trung Nam Group, incurred a net loss of VND969 billion ($36.83 million) in 2025, reversing a profit of VND138.2 billion ($5.35 million) a year earlier, according to its 2025 earnings statement.
Companies - Sat, May 9, 2026 | 3:01 pm GMT+7
French firms eye Vietnam’s North-South high-speed railway project
A delegation of 15 major French companies and industrial groups has expressed interest in participating in Vietnam’s planned North-South high-speed railway project.
Infrastructure - Sat, May 9, 2026 | 2:38 pm GMT+7
Grocery chain Bach Hoa Xanh opens 1st store in Hanoi, takes cautious northern Vietnam expansion approach
Bach Hoa Xanh, a grocery chain operated by Vietnam’s leading retailer Mobile World Investment Corporation (HoSE: MWG), has opened its first store in Hanoi, marking entry into one of the country’s most competitive consumer markets.
Companies - Sat, May 9, 2026 | 8:17 am GMT+7
Intel to continue expanding investment in Vietnam: exec
U.S. chipmaker Intel will continue expanding investment, supporting workforce training, and helping develop Vietnam’s semiconductor ecosystem as the country refines investment support mechanisms to retain large-scale high-tech projects, said its executives.
Industries - Fri, May 8, 2026 | 7:48 pm GMT+7
Vietnam stocks extend rally to fresh record high
Vietnam’s benchmark VN-Index extended gains for a fourth straight session on Thursday, closing at a new all-time high of 1,915.37 points as large-cap banking and property stocks supported the market despite continued foreign selling.
Finance - Fri, May 8, 2026 | 5:49 pm GMT+7
Vingroup’s VinMetal partners with Primetals for green steel complex in central Vietnam
Vingroup’s subsidiary VinMetal has signed a strategic cooperation agreement with global steel giant Primetals Technologies to develop a large-scale integrated steel complex in central Vietnam.
Industries - Fri, May 8, 2026 | 4:25 pm GMT+7
Hanoi pushes Sumitomo, BRG to accelerate $4.2 bln smart city project
Hanoi authorities have asked Japan’s Sumitomo and local conglomerate BRG Group to quicken the progress of the North Hanoi Smart City project as soon as legal procedures are finalized.
Real Estate - Fri, May 8, 2026 | 3:31 pm GMT+7
Moody's Ratings upgrades MBBank's deposit ratings to Ba2 from Ba3, outlook stable
Moody’s Ratings (Moody’s) has announced an upgrade of the local currency and foreign currency long-term deposit and issuer ratings for Military Commercial Joint Stock Bank (MB, HoSE: MBB) from Ba3 to Ba2, aligning with Vietnam’s sovereign rating (Ba2 positive). The outlook remains "Stable."
Banking - Fri, May 8, 2026 | 3:00 pm GMT+7
Vietnam welcomes leading Indian groups to expand energy, infrastructure cooperation: top leader
Vietnam is ready to create favorable conditions for capable Indian corporations and businesses to expand investment and operations in the country in line with its laws, while ensuring transparency and balanced interests among stakeholders, said Vietnam’s Party chief and President To Lam.
Economy - Fri, May 8, 2026 | 1:59 pm GMT+7
Vietnam airport operator ACV records slows disbursement for Long Thanh mega-airport project
Airports Corporation of Vietnam's (ACV) slow disbursement for the Long Thanh International Airport project, located in the southern province of Dong Nai, highlights implementation bottlenecks despite the company's strong profitability in Q1/2026 and substantial cash reserves for the country's largest aviation infrastructure project.
Companies - Fri, May 8, 2026 | 1:41 pm GMT+7
Vietnam property developers shift to asset-holding strategy for stable cash flow
Vietnamese property developers are increasingly shifting away from the traditional build-to-sell model and focusing instead on accumulating long-term assets capable of generating stable recurring income, as the industry adapts to lessons learned from the market downturn of 2022-2023.
Real Estate - Fri, May 8, 2026 | 12:07 pm GMT+7


















