The proposed North-South high-speed rail super project has a total length of 1,541 km and an estimated investment of 60-70 billion USD. It is designed with a double-track structure, a standard gauge of 1,435 mm, electrification, and infrastructure capable of supporting speeds of up to 350 km/h.
The Central Committee of the Communist Party of Vietnam has approved the investment policy for the high-speed rail line on the North-South axis. The project will be submitted to the National Assembly at the 8th session of the 15th National Assembly, which will open on October 21st.
In addition to the push from the Vietnamese side, this project has continuously received attention from many Chinese corporations.
China National Finance Investment Group
On September 20, in Hanoi, Mr. Zhang Xiangyang, Chairman of China National Finance Investment Group, expressed his interest in investing in high-speed rail development in Vietnam.
According to Mr. Zhang, China National Finance Investment Group has close cooperative relations with the four largest high-speed rail construction companies in China, with experience in implementing a total length of 40,000 km of railways and a turnover of up to 150 billion USD in foreign markets.
Therefore, China National Finance Investment Group is ready to connect with contractors to study the high-speed rail project.
“We hope to connect with businesses that have strong experience and resources to contribute to the investment and construction of the high-speed rail line in Vietnam,” affirmed Mr. Zhang.
China National Finance Investment Group is a reputable enterprise in China in the fields of financial investment, transportation infrastructure construction, real estate, and renewable energy…
With its capabilities and many years of experience in implementing domestic projects, the Group has been expanding its activities in the international market in many countries.
China Communications Construction Group
On August 28, at the Government Office, Mr. Wang Hai Huai, General Director of China Communications Construction Group (CCCC), met with Deputy Prime Minister Tran Hong Ha.
At the meeting, the CCCC leader said that the Group was closely monitoring Vietnam’s important transport infrastructure projects connecting Chinese localities – Vietnam, the North-South high-speed rail, and metro lines in Hanoi and Ho Chi Minh City…
In response, Deputy Prime Minister Tran Hong Ha requested that CCCC proactively study and participate in Vietnam’s priority infrastructure development projects, especially the North-South high-speed rail line, the standard-gauge rail lines of Lao Cai – Hanoi – Hai Phong, Hanoi – Dong Dang, Hai Phong – Ha Long – Mong Cai, connecting Vietnam’s economy with the provinces of China and between Vietnam and some other countries.
Deputy Prime Minister Tran Hong Ha suggested that CCCC proactively study and participate in Vietnam’s priority infrastructure development projects – Photo: VGP/Nguyen Hoang
CCCC has made significant contributions to China’s transport infrastructure with a series of works recognized as “the best” in the history of transport infrastructure construction.
Over the past 10 years, the unit has won more than 160 awards, including the “National Award for Science and Technology Progress”, “China’s Zhantianyou Construction Engineering Award”, “China Luban Construction Project Award”, and “National Quality Award”
CCCC currently has more than 193 branches and representative offices and operates in more than 150 countries and regions worldwide, with a global workforce of over 120,000 employees. The Group currently has more than 60 subsidiaries, all of which are large companies that play a key role in China’s transport infrastructure construction strength.
The unit has been operating in Vietnam since 1996. Over 30 years, they have implemented more than 30 projects with a total contract value of over 3 billion USD in Vietnam, including seaport projects, near-shore wind power projects, industrial parks…
GDI Group
On July 3, GDI Group Joint Stock Company Limited (China) had a working session with Minister of Transport Nguyen Van Thang.
At the meeting, Mr. Liu Wei (Chairman/CEO of GDI Group Joint Stock Company Limited) said: “Through visits and working in Vietnam, we find that investing in and developing railways in Vietnam is very similar to what China used to do. The problems that Vietnam is facing in terms of construction organization, capital model… are also issues that China has faced and had to deal with. We want to share experiences and cooperate more extensively in Vietnam in many fields, from infrastructure construction to equipment, operation… “
Meeting between Minister Nguyen Van Thang and Mr. Liu Wei. Photo: Ministry of Transport
Established in 1992, up to now, GDI Group has received more than 2,000 national invention patents and software copyrights. In the railway sector, GDI focuses on infrastructure, maintenance equipment, and operation of railway lines.
GDI is a key enterprise in the key industry cluster of the first strategic cluster of Guangdong province and is also the owner of the transport and railway industry chain and artificial intelligence of Guangzhou city.
China Railway Signal & Communication Group
In the afternoon of June 25, in Dalian city, China, Prime Minister Pham Minh Chinh met with Mr. Lou Qi Liang, Chairman of the Board of Directors, General Director of China Railway Signal & Communication Group (CRSC).
At the meeting, the Prime Minister suggested that China Railway Signal & Communication Group and Chinese partners participate in consulting, investing, designing, and constructing railway lines in Vietnam.
Along with that, Minister of Transport Nguyen Van Thang said that for the North-South high-speed rail project, Vietnam is determined to implement it in the period of 2026 – 2027. Therefore, Vietnam hopes to cooperate with China in the field of railways, carriages, and signals. He hopes that in the coming time, the two sides will have exchanges and cooperation.
Prime Minister Pham Minh Chinh met with Mr. Lou Qi Liang, Chairman of the Board of Directors, General Director of China Railway Signal & Communication Corporation (CRSC) – Photo: VGP/Nhat Bac
In response, the leader of China Railway Signal & Communication Group affirmed his hope to have the opportunity to cooperate and provide Vietnam with safe, quality railway products and services with advanced technology, strong digital transformation application, and competitive prices.
CRSC is an enterprise directly under the State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC), the world’s largest supplier of railway control systems, and China’s largest railway signal enterprise.
With strong activities in more than 20 countries and regions, the Group’s revenue in 2023 reached more than 37 billion CNY (~129.7 thousand billion VND) and the corresponding profit reached 4.7 billion CNY (~16 thousand billion VND)
The Group has built a complete industry chain from design, research and development (R&D) to production of equipment and technical services of the railway control system.
Not only units from China but also a series of large countries and organizations in the world, from Asia to Europe, are currently expressing their interest in this key project in Vietnam, such as South Korea, Japan, Germany, and Spain…
The Asian Infrastructure Investment Bank (AIIB) and the World Bank are considering capital injection. Domestic enterprises have also expressed their desire to participate in this super project.
