AI-Generated Background
On June 5th, the Ministry of Construction issued Document No. 4537/BXD-KHTC to Vinspeed JSC and Truong Hai Auto Corporation regarding the investment procedure for the high-speed rail project on the North-South axis, applying the investment model according to the Law on Investment.
The Ministry of Construction has received documents from Vinspeed JSC proposing investment in the high-speed rail project on the North-South axis, along with Office of the Government’s Forwarding Slip No. 1783/PC-VPCP dated June 2, 2025, which included a document from Truong Hai Auto Corporation (THACO) on the same matter.
Following the directions of Deputy Prime Minister Tran Hong Ha in the Office of the Government’s Notifications No. 230/TB-VPCP dated May 15, 2025, and No. 95/TB/VPCP dated June 2, 2025; and in accordance with the provisions of the Law on Investment, the Ministry of Construction requests that the companies promptly review and complete the dossier for approval of the investment policy for the North-South high-speed rail project. The content of the dossier should comply with the regulations in Article 33 of the Law on Investment.
At the same time, complete the dossier and send it to the Ministry of Finance and other relevant ministries and sectors to carry out the procedures for approving the investment policy as stipulated in Article 34 of the Law on Investment.
Earlier, on June 4th, the Government’s regular meeting for May 2025 was held under the chairmanship of the Prime Minister. The meeting discussed the socio-economic situation, public investment capital allocation and disbursement, and the implementation of national target programs for May and the first five months of 2025. It also outlined key tasks for June 2025 and the following months.
Speaking at the meeting, Minister of Construction Tran Hong Minh stated that regarding the proposed North-South high-speed rail project by VinSpeed and Thaco, the Ministry of Construction, together with experts and consultants, had convened to evaluate the investors’ proposals but encountered several obstacles. The Ministry suggested that a more careful approach to calling for investment in the project should be taken after the completion of a feasibility study.
