Vietnam’s railway sector is entering a transformative phase, attracting strong domestic and international investment interest. On May 13, the government issued legislation to implement the $8 billion Lao Cai-Haiphong electrified railway project, aimed at boosting connectivity and regional development. The Ministry of Construction will oversee investor selection and design standards, while local authorities are tasked with site clearance and resettlement, targeting a construction start by December 2025. Plans include special mechanisms to fast-track approvals and allow the use of government bonds and foreign funding. Urban development around stations is part of the strategy to attract private capital. Interest is growing, with Chinese firms like CCECC exploring partnerships, and Vietnamese companies like Hoa Phat, Vietnam Railways, and Deo Ca advancing domestic production capabilities. VinSpeed, a new Vingroup subsidiary, has proposed to lead the $61 billion North-South high-speed railway, pledging $12.27 billion in equity and proposing a zero-interest loan for the remainder, aiming to complete the project by 2030. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam Investment Review