On May 14, 2025, VinSpeed High-Speed Railway Investment and Development Joint Stock Company officially registered to invest in the North-South high-speed railway project. The project has an investment capital of approximately 1.5 million billion VND (equivalent to approximately $61.35 billion), excluding compensation, support, relocation, and resettlement costs for land clearance.
VinSpeed is responsible for arranging 20% of the project’s total investment capital, equivalent to 312 trillion VND (approximately $12.27 billion). For the remaining 80% (excluding compensation, support, relocation, and resettlement costs for land clearance), VinSpeed proposes to borrow state capital without interest within 35 years from the date of disbursement.
Prior to this, on May 6, billionaire Pham Nhat Vuong and related parties contributed capital to establish VinSpeed High-speed Railway Investment and Development Joint Stock Company, headquartered at Symphony Building, Chu Huy Man Street, Vinhomes Riverside Urban Area, Phuc Loi Ward, Long Bien District, Hanoi.
The company has a charter capital of 6,000 billion VND. The founding shareholders include the following organizations and individuals:
Vingroup Group contributed 600 billion VND, owning 10% of the shares;
Vietnam Investment Group Joint Stock Company contributed 2,100 billion VND, owning 35% of the shares;
Ms. Pham Thuy Hang, Vice Chairman of the Board of Directors of Vingroup, contributed 180 billion VND, owning 3% of the shares;
Mr. Pham Nhat Vuong contributed 3,060 billion VND, owning 51% of the shares;
Mr. Pham Nhat Vuong’s two sons, Pham Nhat Minh Hoang and Pham Nhat Quan Anh, each contributed 30 billion VND, owning 0.5% of the shares per person.
The enterprise was established with the aim of investing, constructing, and operating high-speed railway infrastructure, manufacturing railway vehicles (locomotives, coaches) and signal systems, and contributing to the development of the country’s transport infrastructure.
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