Ho Chi Minh City has approved VinSpeed, a subsidiary of conglomerate Vingroup, as the investor of the Ben Thanh–Can Gio railway project, with a total investment of approximately VND102.43 trillion (nearly US$3.9 billion).

VOV.VN - Prime Minister Pham Minh Chinh has proposed enhanced cooperation between Vietnam and the Power Construction Corporation of China (PowerChina) to boost the country’s railway industry, covering technology transfer, training of highly skilled personnel, management practices, and operational solutions.

VOV.VN - The proposal to adopt special mechanisms allowing Vietnamese enterprises to participate in the North–South high-speed railway project is seen as essential to promoting technological self-reliance and enabling domestic mastery of high-speed rail systems.

After several rounds of feedback from ministries, sectors, and experts, the Ministry of Transport is finalising the proposal for the construction of the North-South high-speed railway, as the funding plan for the project has shown positive signs, Deputy Minister of Transport Nguyen Danh Huy has said.

VOV.VN - Chinese Ambassador to Vietnam Xiong Bo says China highly appreciates Vietnam’s role and position, and wants to strengthen bilateral cooperation in all fields, especially in trade and investment.

Many foreign investors have expressed their interest in railway projects of Vietnam amid the Ministry of Transport (MoT)’s efforts to attract private and foreign investment in railway infrastructure, an official of the Vietnam Railway Authority (VNRA) has said.

International railway freight transport service posted positive growth last year and in January, according to the Vietnam Railway Corporation.