VinSpeed proposes $61.35 billion investment in North-South high-speed railway project

VinSpeed proposes a total investment of approximately USD 61.35 billion in this project. The company has pledged to make every effort to commence construction before December 2025 and begin operations by December 2030.

The project will lay the foundation for the railway industry and create new development momentum for various localities, while contributing to a breakthrough in Vietnam’s economy during this era of national rise.

Illustrated perspective of the North-South High-Speed Rail Project

The North-South high-speed rail project is estimated to require an investment of approximately VND 1,562 quadrillion (around $61.35 billion), excluding costs for compensation, relocation support, and resettlement related to land clearance.

VinSpeed plans to finance 20% of the project's total investment, equivalent to VND 312.33 trillion (around $12.27 billion). For the remaining 80% (excluding costs for compensation, relocation support, and resettlement related to land clearance), the company proposes a 35-year, interest-free loan from the government.

The company is currently negotiating with partners from countries with advanced high-speed railway industries, such as China, Germany, and Japan, to transfer technology and manufacture locomotives, carriages, signaling and control systems domestically. 

Additionally, VinSpeed plans to train personnel to master these technologies, contributing to the development of Vietnam's railway industry.

To ensure revenue generation and support loan repayment, VinSpeed intends to collaborate with Vingroup and Vinhomes to develop modern, fully-equipped urban areas near railway stations, following the Transit-Oriented Development (TOD) model.

With a charter capital of VND 6 trillion, VinSpeed will become the next key player within Vingroup's ecosystem, contributing alongside current pillars to help Vietnam gain international prominence and thrive in this era of national rise.