Vietnam high-speed railway should run beyond Hanoi, HCMC on either side: lawmakers

By Vu Pham, Hai Yen
Thu, November 21, 2024 | 6:11 pm GMT+7

Vietnam’s mega North-South high-speed railway project should be redesigned and extended beyond Hanoi and Ho Chi Minh City as currently planned, several lawmakers have suggested.

At the ongoing National Assembly session Wednesday, deputy Nguyen Quoc Han from Ca Mau suggested that the rail route begins in the northern mountainous province of Lang Son and ends in his home province, which is the southernmost part of the country.

Nguyen Quoc Han, a National Assembly delegate from Ca Mau province, southern Vietnam. Photo courtesy of the parliament's news portal.

Nguyen Quoc Han, a National Assembly delegate from Ca Mau province, southern Vietnam. Photo courtesy of the parliament's news portal.

He said both the northern highlands and the Mekong Delta, where the provinces of Lang Son and Ca Mau are located, respectively, were areas with significant development potential.

However, challenging transportation conditions in these regions have hindered efforts to attract investors, Han noted, indicating that a high-speed railway line could address that shortcoming.

Echoing Han, Tran Hoa Ry, deputy from the Mekong Delta province of Bac Lieu, said extending the route would promote local development, especially through tourism. However, if funding constraints are an issue, she recommended prioritizing an extension to Can Tho city in the Mekong Delta.

Phased execution, domestic funding

Citing limited resources, some lawmakers proposed phased construction of the proposed plan. The Hanoi-Ho Chi Minh City section should be set for completion between 2025 and 2035, with the newly suggested remaining sections scheduled for 2030 to 2040, they elaborated.

Deputy Tran Hoang Ngan from HCMC noted that Vietnam was well-positioned to undertake the project, given its stable macroeconomic condition and low public debt.

He pointed out that, given the project's significant capital demands, it would be preferable to rely on domestic funding and foreign low-interest loans, while limiting the use of official development assistance (ODA).

Tran Hoang Nga, National Assembly delegate from HCMC, southern Vietnam. Photo courtesy of the parliament's news portal.

Tran Hoang Nga, National Assembly delegate from HCMC, southern Vietnam. Photo courtesy of the parliament's news portal.

Dual purpose

Deputy Hoang Van Cuong from Hanoi suggested that the high-speed railway should be designed for dual purposes, serving both passengers and freight.

He emphasized the importance of ensuring technology transfer to local contractors, which would enable Vietnam to have full control over construction, reduce the risk of delays and cost overruns, and decrease dependence on foreign suppliers.

He suggested limiting procurement to specific specialized components, such as locomotives and control systems.

Meanwhile, referring to the existing plan, Transport Minister Nguyen Van Thang informed the parliament that the project can break ground in 2027 and be completed by 2035 at an estimated cost of $67.34 billion.

Thang said loans would cover no more than 30% of the total project cost, and discussions were on to determine the preferability of local and ODA funding options.

According to a report prepared by the ministry, the currently planned North-South high-speed railway project will be 1,541 km long and have a designed speed of 350 km/hour. It will primarily serve passenger transportation and carry light cargo when needed.

The electrified route will have 23 passenger and five cargo stations connected to key cargo hubs. It will begin at the Ngoc Hoi station in Hanoi and pass through 20 provinces and cities before ending at the Thu Thiem station in HCMC.

The ministry will prepare a pre-feasibility study report for the project in 2025-2026 after getting feedback from the ongoing parliament session.

Comments (0)
  • Read More
Indonesia partners with Japan’s SMBC to boost exports

Indonesia partners with Japan’s SMBC to boost exports

Indonesia’s Ministry of Trade has partnered with Japan’s Sumitomo Mitsui Banking Corporation (SMBC) to expand exports, particularly in high-quality and sustainable products.

Southeast Asia - Wed, June 11, 2025 | 9:39 pm GMT+7

Netherlands to invest $300 mln in Indonesia

Netherlands to invest $300 mln in Indonesia

The Netherlands has prepared an investment of IDR 4.89 trillion ($300 million) to support various programs currently being implemented in Indonesia, according to the Indonesian Chamber of Commerce and Industry (Kadin).

Southeast Asia - Wed, June 11, 2025 | 9:36 pm GMT+7

Singapore-based Jetstar Asia to cease operations from July 31

Singapore-based Jetstar Asia to cease operations from July 31

Singapore-based low-cost airline Jetstar Asia will cease operations from July 31 as part of a “strategic restructure” by its parent company, Australian flag carrier Qantas.

Southeast Asia - Wed, June 11, 2025 | 9:33 pm GMT+7

Indonesia aims to stop corn imports in 2026

Indonesia aims to stop corn imports in 2026

Indonesian President Prabowo Subianto has revealed that Indonesia is targeting to stop importing corn from 2026 when it is hoping to achieve self-sufficiency in corn production.

Southeast Asia - Wed, June 11, 2025 | 8:48 pm GMT+7

Nickel extraction threatens archipelago tourism in Indonesia

Nickel extraction threatens archipelago tourism in Indonesia

A nickel mining project in Raja Ampat, Indonesia has raised significant environmental concerns due to its potential to harm the archipelago’s ecotourism industry.

Southeast Asia - Wed, June 11, 2025 | 8:43 pm GMT+7

Vingroup forms consortium with VinEnergo to develop LNG-fueled power plant in northern Vietnam

Vingroup forms consortium with VinEnergo to develop LNG-fueled power plant in northern Vietnam

Vingroup, Vietnam's leading private conglomerate, will join a consortium with VinEnergo, an energy firm majority-owned by billionaire Pham Nhat Vuong, to invest in a 4,800MW LNG-fueled power project in the northern port city of Hai Phong.

Energy - Wed, June 11, 2025 | 5:49 pm GMT+7

Techcombank wins Gold for Innovation in Cross-Media Marketing at 2025 Asia-Pacific Stevie Awards

Techcombank wins Gold for Innovation in Cross-Media Marketing at 2025 Asia-Pacific Stevie Awards

Techcombank has reaffirmed its position as a leading banking brand in Vietnam by Brand Equity Index (BEI), achieving the highest score in the Vietnamese banking industry for a second consecutive quarter in Q1/2025, according to market research firm NielsenIQ.

Companies - Wed, June 11, 2025 | 5:22 pm GMT+7

Tech giant Qualcomm launches AI R&D center in Vietnam

Tech giant Qualcomm launches AI R&D center in Vietnam

Qualcomm on Tuesday launched an AI research & development (R&D) center in Vietnam, after acquiring a 65% stake in AI company MovianAI from Vingroup, a leading Vietnamese conglomerate, earlier this year.

Industries - Wed, June 11, 2025 | 3:16 pm GMT+7

Vietnam seeks big investments in high tech, renewables, logistics: forum

Vietnam seeks big investments in high tech, renewables, logistics: forum

Vietnam is looking for critical private investments in the sectors of high technology, semiconductors, renewable energy (LNG, hydrogen, electric batteries), logistics, industrial park development, innovation, and digital transformation.

Economy - Wed, June 11, 2025 | 3:05 pm GMT+7

Making home ownership accessible again: Nam Long ADC chairman

Making home ownership accessible again: Nam Long ADC chairman

Following the success of delivering over 10,000 affordable homes (EHome) and social housing units (EHomeS) in southern Vietnam, Nam Long ADC – a member of Nam Long Group – is strategically expanding this pioneering model to the northern market. Steven Chu, chairman of Nam Long ADC, provides an insight into this strategic move.

Executive Talk - Wed, June 11, 2025 | 2:00 pm GMT+7

Vietnam, France sign energy, mineral cooperation deals

Vietnam, France sign energy, mineral cooperation deals

Vietnamese and French agencies signed two cooperation documents in energy and minerals in Paris on Tuesday (local time).

Economy - Wed, June 11, 2025 | 12:19 pm GMT+7

Spain willing to cooperate with Vietnam in high-speed railway development: Spanish PM

Spain willing to cooperate with Vietnam in high-speed railway development: Spanish PM

Spain, which boasts the world's second-longest high-speed railway system, is ready to cooperate and share expertise with Vietnam in this field, said Spanish Prime Minister Pedro Sanchez.

Infrastructure - Wed, June 11, 2025 | 11:02 am GMT+7

Vietnam's leading construction materials maker Viglacera projects 21% revenue hike in 2025

Vietnam's leading construction materials maker Viglacera projects 21% revenue hike in 2025

Viglacera, Vietnam's leading producer of building materials, targets VND14.44 trillion ($555.12 million) in revenue for 2025, up 21% from last year.

Companies - Wed, June 11, 2025 | 10:38 am GMT+7

Vietnam’s first LNG power plants to begin commercial operation this year

Vietnam’s first LNG power plants to begin commercial operation this year

Nhon Trach 3 and 4, Vietnam’s first LNG-fired power plants, are expected to begin commercial operations this year, according to a new ministerial decision.

Energy - Wed, June 11, 2025 | 10:00 am GMT+7

Europe-Asia Industry Cooperation Forum to take place in Hanoi today

Europe-Asia Industry Cooperation Forum to take place in Hanoi today

The Vietnam's Association of Foreign Invested Enterprises (VAFIE), in association with F&H International Industry, will organize the Europe-Asia Industry Cooperation Forum in Hanoi today.

Economy - Wed, June 11, 2025 | 7:30 am GMT+7

Thailand's SCG Packaging becomes sole owner of Vietnam's leading plastics firm Duy Tan

Thailand's SCG Packaging becomes sole owner of Vietnam's leading plastics firm Duy Tan

SCG Packaging Public Company Limited (SCGP), a subsidiary of Thailand's multi-sector giant SCG, has acquired an additional 30% stake at Duy Tan JSC, becoming the sole owner of the leading producer of rigid plastic packaging products in Vietnam.

Companies - Tue, June 10, 2025 | 10:53 pm GMT+7