‘Unbelievable’ Enterprise Proposes $100 Billion High-Speed Rail

The investment consortium Mekolor Joint-Stock Company (Mekolor Company) and Great USA recently made headlines by proposing to the government their intention to invest 100 billion USD of their own capital in the high-speed North-South railway project.

According to investigations by the Tien Phong newspaper, Mekolor Company’s headquarters is located in a one-story house with an attic, tucked away in a small alley on Ly Tu Trong Street, Ninh Kieu District, Can Tho City.

Headquarters of Mekolor Company. The alley leading to the company’s headquarters is only about 1.5m wide. At first glance, Mekolor Company’s headquarters resembles an ordinary residential house, except for a small company information sign pinned to the wall next to the door.

When contacted by phone for information, Mr. Vo Xuan Truong, Chairman of the Board of Directors and Director of Mekolor Company, said that he was driving and asked the reporter to send questions via email for later response.

Informing Tien Phong correspondent, a representative of the Business Registration Department, Can Tho Department of Finance, said that Mekolor Company first registered its business on October 27, 2016, with its head office address at 41 Cach Mang Thang Tam Street, An Hoa Ward, Ninh Kieu District, Can Tho City.

On September 9, 2021, the enterprise registered its first change of address to 24/11/4A Ly Tu Trong, An Cu Ward, Ninh Kieu District, Can Tho City. The legal representative is Mr. Vo Xuan Truong (permanent and contact address in Ho Chi Minh City). The company has a charter capital of VND 1 billion.

“Up to now, Mekolor Company has not made any procedures for changing business registration contents or dissolution to the Business Registration Department. Data extracted from the National Business Registration Information System as of June 10, 2025, shows that the enterprise is still operating, without any warnings, violations, or withdrawals” – said the Business Registration Department of Can Tho.

Mekolor Company’s main business line is trade promotion and introduction. They also operate in other fields such as wholesale of construction materials and equipment; retail food stores; retail hardware, paint, glass, and construction equipment; retail clothing, footwear, leather, and artificial leather; road freight transport; short-term accommodation services; software publishing; information technology services and other computer-related services; advertising; tour operation; creative, artistic, and entertainment activities…

In October 2018, Mekolor Company and NHÀ ẤM Joint Stock Company launched the initiative “One Mekong, One Meal”. The investors introduced this initiative as a comprehensive technology “revolution” aimed at building a smart social digital platform by combining asset digitization (digital assets), citizen digitization (digital citizens), and business digitization (digital businesses) with Blockchain Smart Contracts applied in the Mekong region. The system is designed to facilitate the digital transformation of both the economy and society of the six Mekong countries: China, Myanmar, Thailand, Laos, Cambodia, and Vietnam…