The Ministry of Transport (MoT) has proposed total investment of VND240 trillion (US$10.4 billion) for the expansion of the railway network from now until 2030, to be sourced by the State budget and other legal sources.

Due to Vietnam’s natural features and geography, the development of a high-speed railway is imperative and any delays will hinder socio-economic growth, Chairman of Vietnam Railways Vu Anh Minh has said.