VinSpeed High-Speed Rail Investment and Development JSC has registered to invest in Vietnam’s North–South high-speed railway, targeting full operation by December 2030. The project, expected to cost VND1.56 trillion ($60.15 million) excluding land clearance expenses, reflects the company’s commitment to national service and the ambition to develop a domestic high-speed rail industry. VinSpeed will fund 20% ($12 billion) from its own resources and seek the remaining 80% via zero-interest loans from the state budget, repayable over 35 years. This proposal offers fiscal relief compared to the investment plan approved by the National Assembly. Construction is scheduled to begin in December 2025. VinSpeed is negotiating with partners from China, Germany, and Japan for technology transfer, aiming to produce rail components locally and train a skilled workforce. To support loan repayment and spur development, VinSpeed will collaborate with Vingroup and Vinhomes to build modern urban zones along the railway, transforming underdeveloped areas and boosting regional growth. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam Investment Review