VinSpeed, a high-speed rail development company founded by billionaire Pham Nhat Vuong, has unveiled the Environmental Impact Assessment (EIA) for the Hanoi – Quang Ninh high-speed rail project.
The proposed project, with a total investment of nearly $5.3 billion, is expected to receive investment approval in Q4 2025. Construction is slated to begin in Q4 2025 and complete by Q4 2027, with trial runs commencing in late 2027 and commercial operations starting in Q1 2028.
From 2028 to 2035, VinSpeed plans to operate 4 train sets with 16 carriages, increasing to 8 sets (32 carriages) from 2035 to 2050. Trains will run 18 hours daily, from 5 AM to 11 PM, with an initial frequency of 60 minutes per trip, reducing to 30 minutes per trip from 2030.
The 120 km rail line will traverse 22 communes across Hanoi, Bac Ninh, Hai Phong, and Quang Ninh. Designed for a maximum speed of 350 km/h (120 km/h in Hanoi), the standard-gauge (1,435 mm) electrified line will connect the National Exhibition Center (Dong Anh, Hanoi) to Halong Station in Tuan Chau Ward, via Gia Binh (Bac Ninh) and Yen Tu (Quang Ninh).
This project, recently added to the 2021-2030 National Railway Network Plan with a vision to 2050, is one of Vietnam’s two high-speed rail lines, alongside the 1,541 km North-South line from Ngoc Hoi (Hanoi) to Thu Thiem (Ho Chi Minh City).
The government is also accelerating adjustments to planning and investment for other critical rail routes, including the 156 km Hanoi – Dong Dang (Lang Son) line (standard gauge, pre-2030 investment), Hai Phong – Halong – Mong Cai, Thap Cham – Da Lat, and An Binh – Saigon – Tan Kien routes, all prioritized for early investment studies.
Additionally, seven existing national rail lines will be upgraded, and international connections with China, Laos, and Cambodia will receive priority investment.
VinSpeed, a high-speed rail development company founded by billionaire Pham Nhat Vuong, has unveiled the Environmental Impact Assessment (EIA) for the Hanoi – Quang Ninh high-speed rail project.
The proposed project, with a total investment of nearly VND 153 trillion (approximately USD 5.3 billion), is expected to receive investment approval in Q4/2025. Construction is slated to begin in Q4/2025 and complete by Q4/2027, with trial runs commencing in late 2027 and commercial operations starting in Q1/2028.
From 2028 to 2035, VinSpeed plans to operate 4 train sets with 16 carriages, increasing to 8 sets (32 carriages) from 2035 to 2050. Trains will run 18 hours daily, from 5 AM to 11 PM, with an initial frequency of 60 minutes per trip, reducing to 30 minutes per trip from 2030.
The 120 km route spans 22 communes across Hanoi, Bac Ninh, Hai Phong, and Quang Ninh. The standard gauge track (1,435 mm) will be electrified, with a maximum design speed of 350 km/h, limited to 120 km/h in Hanoi. The line starts at the National Exhibition Center (Dong Anh, Hanoi), passing through Gia Binh (Bac Ninh), Yen Tu (Quang Ninh), and ending at Ha Long station in Tuan Chau ward’s forest park.
The project has been added to the National Railway Network Plan for 2021-2030, with a vision to 2050, becoming one of Vietnam’s two high-speed rail lines, alongside the 1,541 km North-South line from Ngoc Hoi (Hanoi) to Thu Thiem (Ho Chi Minh City).
The government is also accelerating adjustments to planning and investment timelines for other critical rail projects, including the 156 km Hanoi – Dong Dang (Lang Son) line, now slated for pre-2030 investment. Additional routes such as Hai Phong – Ha Long – Mong Cai, Thap Cham – Da Lat, and An Binh – Saigon – Tan Kien are under early investment study.
Seven existing national rail lines will be upgraded, and international connections with China, Laos, and Cambodia are prioritized for investment.
According to VinSpeed’s proposal, the project’s total investment is approximately VND 139 trillion (USD 5.3 billion).
Established in May 2024, VinSpeed specializes in high-speed rail infrastructure, locomotive and carriage manufacturing, and transport development. The company’s shareholders include Pham Nhat Vuong (51%), his sons Pham Nhat Quan Anh and Pham Nhat Minh Hoang (1% each), Vietnam Investment Group (VIG, 35%), and Vingroup (10%). Its charter capital stands at VND 15 trillion.
In May 2024, VinSpeed also proposed the North-South high-speed rail project with an estimated investment of USD 61.35 billion, equivalent to 13% of Vietnam’s 2024 GDP. The financial plan includes self-financing 20% (USD 12.27 billion) and a 35-year interest-free state loan for the remaining 80%.
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