Vietnam pushes to build groundwork for domestic high-speed rail technology capability by 2028
Vietnam is accelerating efforts to develop homegrown technological capabilities for its planned high-speed railway network as the government seeks to reduce dependence on foreign contractors and turn the multi-billion-dollar infrastructure program into a catalyst for industrial upgrading.
A model of North-South high-speed train. Illustration courtesy of the government's news portal.
At a meeting with several major Vietnamese corporations in Hanoi last Friday, Construction Minister Tran Hong Minh said the initiative is intended not only to support the proposed North-South high-speed railway, but also to establish a domestic railway industry capable of handling the full value chain, from surveying and design to construction, component manufacturing, operations and maintenance.
“The greater value lies in using the project to build industrial and technological capacity, as well as a highly skilled workforce,” Minh said at the meeting.
Le Van Duong, director of the department of science, technology, environment and construction materials under the Ministry of Construction, said Vietnam has accumulated experience in major infrastructure projects such as expressways, long-span bridges, tunnels, and underground works.
However, substantial gaps remain in high-speed rail technology, particularly in specialized standards, ballastless track systems, testing facilities, and skilled engineering personnel, he added.
Vietnam still relies heavily on foreign consultants, technologies and contractors for complex railway systems, Duong noted, adding that reducing such dependence is critical if the country wants greater autonomy in future strategic infrastructure projects.
The ministry said the technology development program will be implemented as a national science and technology initiative involving government agencies, universities, research institutes and private enterprises. Businesses are expected to play a central role in technology transfer, localization and commercialization, while the state will coordinate and commission research programs.
At the meeting, millitary-run telecoms giant Viettel Group said it could contribute to the development of centralized operating systems, signaling technology, train control systems, operations control centers, and smart management platforms for high-speed rail operations.
Meanwhile, steelmaker Hoa Phat Group (HoSE: HPG) proposed participating in the production of railway tracks, large-span steel structures and mechanical components for construction and maintenance.
Minister Minh asked the department to finalize a detailed task list by May 15, including deliverables, lead agencies and research coordinators. Relevant agencies, institutes and companies were also asked to submit registrations by May 25 for consolidation and reporting to the government in coordination with the Ministry of Science and Technology.
The minister also ordered the establishment of an industry-level steering committee and a specialized scientific council to coordinate implementation. Between May 25 and May 30, ministry officials and project leaders are expected to survey defense industry facilities and manufacturing enterprises to assess their capacity to support equipment manufacturing, technology integration and related research tasks.
Vietnam aims to complete priority technology development tasks by 2028, a milestone officials describe as critical for establishing initial self-reliance in high-speed rail construction technologies.
The push comes as Vietnam advances preparations for the North-South high-speed railway, the country’s largest-ever infrastructure project. The planned line is expected to connect Hanoi and Ho Chi Minh City while serving as the backbone of a broader modernization drive for Vietnam’s transportation network and industrial base.
- Read More
Masan High-Tech Materials partners with S Korea’s GBI on tungsten processing
Masan High-Tech Materials (UPCoM: MSR), the mining unit of Vietnamese conglomerate Masan Group (HoSE: MSN), has entered into a strategic partnership with South Korea’s GB Innovation (GBI) to process Korean tungsten concentrate into higher-value products in Vietnam, strengthening a non-Chinese tungsten supply chain.
Companies - Thu, July 9, 2026 | 3:51 pm GMT+7
Idemitsu Kosan expands energy ecosystem in Vietnam
After more than three decades of operations in Vietnam, Japan’s Idemitsu Kosan is further expanding its energy ecosystem with a biomass pellet plant project in the central province of Gia Lai.
Industries - Thu, July 9, 2026 | 1:43 pm GMT+7
Two banks to list on Ho Chi Minh City bourse, expand charter capital
Vietnam's private banks Vietbank and BVBank are finalizing the last steps to transfer their trading from the unlisted public company market UPCoM to the Ho Chi Minh Stock Exchange (HoSE), while simultaneously implementing plans to increase their charter capital.
Banking - Thu, July 9, 2026 | 11:51 am GMT+7
Strong Q2 earnings, lower interest rates to bolster Vietnam stocks
Strong second-quarter corporate earnings and declining interest rates are expected to support Vietnam's stock market in the coming months, brokerage firms said, as the market moves beyond a period of limited news flow and enters a more favorable phase driven by improving fundamentals.
Finance - Thu, July 9, 2026 | 8:00 am GMT+7
Wistron raises construction, equipment investment in northern Vietnam province to $178 mln
Taiwanese technology firm Wistron has increased its investment in factory construction and equipment in Ninh Binh province to $178.27 million, adding $24.5 million to expand its facilities at Kim Bang Industrial Park.
Industries - Wed, July 8, 2026 | 7:56 pm GMT+7
Sun Group targets groundbreaking for $624 mln urban projects in central Vietnam this year
Vietnam's leading developer Sun Group aims to begin construction of two urban projects worth a combined VND16.4 trillion ($623.78 million) in the central province of Quang Ngai by the end of 2026, while also advancing plans for a new expressway linking the province with the Central Highlands.
Real Estate - Wed, July 8, 2026 | 4:54 pm GMT+7
Vietnam raises airport number target to 36 by 2030 as aviation demand surges
Vietnam plans to expand its airport network to 36 airports by 2030, up from the previous target of 30, under a revised national aviation infrastructure plan aimed at catering for rising passenger demand and boosting regional connectivity.
Infrastructure - Wed, July 8, 2026 | 4:45 pm GMT+7
Germany's VFT Bio Fuels UG eyes $3.1 bln green steel complex in southern Vietnam
Vietnamese industrial park developer IMG Phuoc Dong and Germany’s VFT Bio Fuels UG have signed a memorandum of understanding to study the development of a $3.1 billion green steel complex in the southern province of Tay Ninh.
Industries - Wed, July 8, 2026 | 4:25 pm GMT+7
Vietnam police minister urges Yamato Holdings to study investment in Gia Binh airport
Vietnam’s Minister of Public Security Luong Tam Quang has called on Japan’s Yamato Holdings to assess investment opportunities in warehousing and cargo transport systems at Gia Binh International Airport, while exploring potential cooperation and operational models with Vietnamese partners once the facility becomes operational.
Infrastructure - Wed, July 8, 2026 | 3:09 pm GMT+7
Vietnam real estate M&A favors quality, clear legal status assets as FDI priorities evolve
Vietnam's real estate M&A market continued to attract foreign capital in the first half of 2026 despite persistent global economic uncertainties, but foreign investors are increasingly targeting assets with clear legal status, stable cash flow, and strong operational performance, with data centers emerging as a key growth segment.
Real Estate - Wed, July 8, 2026 | 1:38 pm GMT+7
Central Vietnam hub Danang plans to tokenize nearly $4 bln in infrastructure projects to attract global capital
The Vietnam International Financial Center, located in the central city of Danang (VIFC Danang), plans to tokenize nearly $4 billion worth of infrastructure projects as part of a strategy to attract more global capital.
Economy - Wed, July 8, 2026 | 12:17 pm GMT+7
Computers, smartphones edge higher in price as AI memory boom tests Vietnam's ICT firms
Rising memory chip prices driven by artificial intelligence are spreading from semiconductor manufacturers to consumer electronics brands such as Apple, Dell and ASUS, pushing up the prices of computers and smartphones.
Companies - Wed, July 8, 2026 | 8:00 am GMT+7
LG Innotek to build $1 bln semiconductor substrate plant in northern Vietnam
South Korea's LG Innotek will spend $1 billion to build a semiconductor package substrate manufacturing plant in Hai Phong city, with mass production scheduled to begin in the third quarter of 2028, according to local authorities.
Industries - Tue, July 7, 2026 | 11:13 pm GMT+7
Malaysia’s JLand eyes up to $6 bln high-tech hub in Hanoi
Malaysia’s JLand Group has proposed developing a high-tech, innovation and data center complex in Hanoi with an estimated investment of $4-6 billion, as Vietnam’s capital seeks to attract technology projects and strengthen its digital infrastructure.
Infrastructure - Tue, July 7, 2026 | 4:26 pm GMT+7
PVOIL approves $600 mln crude supply plan for Nghi Son refinery
PVOIL, a subsidiary of state-owned Petrovietnam, has approved transactions worth an estimated $600 million to supply crude oil to the Nghi Son Refinery and Petrochemical complex during the second half of 2026, as the country’s largest refinery broadens its feedstock sources beyond its traditional Kuwaiti supply.
Companies - Tue, July 7, 2026 | 1:33 pm GMT+7
F88 wins two international awards for customer-centric growth strategy
F88, a major Vietnamese financial services company, has received two international awards from the Asian Banking & Finance (ABF), a Singapore-based publication, recognizing its initiatives in customer experience and service innovation.
Companies - Tue, July 7, 2026 | 12:42 pm GMT+7




















