VinSpeed Invests in the North-South High-Speed Rail Project
On May 14, 2025, VinSpeed High-Speed Rail Development and Investment Joint Stock Company officially registered to invest in the North-South high-speed rail project. This move by VinSpeed is a concrete action in response to Resolution No. 57-NQ/TW on promoting science, technology, innovation, and national digital transformation, as well as Resolution No. 68-NQ/TW on private economic development by the Party and the State.
Illustration of a high-speed rail project.
The project has an investment capital of approximately VND 1,562 thousand billion (equivalent to USD 61.35 billion), excluding compensation, support for relocation, and site clearance costs. VinSpeed is responsible for arranging 20% of the project’s total investment, equivalent to VND 312,330 billion (approximately USD 12.27 billion). For the remaining 80% (excluding compensation, support for relocation, and site clearance costs), VinSpeed proposes to borrow from the State without interest within 35 years from the date of disbursement.
As such, compared to the scheme approved in Resolution No. 172/2024/QH15, VinSpeed’s proposal significantly reduces the burden on the state budget, especially given that most high-speed rail projects worldwide are slow to break even or unable to do so, resulting in prolonged subsidies.
VinSpeed aims to commence construction before December 2025, accelerate the construction process, and operate the entire line before December 2030. The company is in negotiations with partners from countries with leading railway industries, including China, Germany, and Japan, for technology transfer and local production of locomotives, carriages, and signaling systems in Vietnam. VinSpeed will also organize personnel training to master the technology and ensure proactive development of the country’s railway industry.
To ensure a source of revenue for repayment to the State, VinSpeed will collaborate with Vingroup and Vinhomes to propose the development of modern, fully-equipped transit-oriented development (TOD) urban areas adjacent to the railway stations. Currently, most areas adjacent to railway stations are far from the centers of provinces and cities and have not created significant value. However, with investments from the Vingroup ecosystem, these areas are sure to develop robustly, contributing to infrastructure improvement, enhancing living standards, boosting tourism, and driving economic growth in the localities.
VinSpeed High-Speed Rail Development and Investment Joint Stock Company has a charter capital of VND 6,000 billion. VinSpeed will be the next spearhead in the ecosystem founded by billionaire Pham Nhat Vuong, contributing to Vietnam’s international reach and prosperous development alongside the existing pillars in this new era of national growth.
Dao Thuy Van, Deputy General Director of VinSpeed High-Speed Rail Development and Investment Joint Stock Company, shared her thoughts on this historic moment for Vietnam’s private enterprises and their commitment to the project.
“This is a historic moment for Vietnamese private enterprises as we deeply feel the determination, support, and expectations of the Party, State, and People for the private business sector. Despite the challenges ahead, we have boldly and proactively registered to invest in this project. We are committed to making every effort, being creative, and taking action to develop the project. We believe that with our flexibility and business experience, we will generate revenue to offset investment costs and contribute to the timely repayment of loans. We will also cooperate extensively with domestic businesses to develop and construct the entire line simultaneously, together fostering the growth of Vietnam’s high-speed rail industry and bringing pride to the Vietnamese people. We highly appreciate and look forward to the strong and practical support from the Party, State, Businesses, and People.”
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