Finalizing the General Contractor for Hanoi’s $3.1 Billion Metro Line 72: Four Chinese Firms in the Running, Vinaconex Absent

The tender value is set at over 60.407 trillion VND, a reduction from the previously approved 64.495 trillion VND for the prior contract. The contract execution period spans 60 months, with the goal of completion and operational readiness by December 2030.

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According to the Bidding Newspaper, the EPC (Engineering, Procurement, and Construction) contract for Component Project 2 of Hanoi’s Metro Line 5 (Văn Cao – Ngọc Khánh – Láng – Hòa Lạc) has been awarded to a designated contractor consortium.

The consortium comprises Truong Son Construction Corporation, Vietnam Railways Corporation, Pacific Construction Group Co., Ltd. (China), Shenzhen Urban Engineering Design & Research Institute Co., Ltd. (China), Shenzhen Construction Materials Trading Group Co., Ltd. (China), and Shenzhen Metro International Consulting Investment Co., Ltd. (China).

The awarded contract value exceeds 60.407 trillion VND, lower than the previously approved 64.495 trillion VND. The contract execution period spans 60 months, aiming for completion and operation by December 2030.

Under the contract, the consortium commits to technology transfer and workforce training for Vietnamese partners, progressively empowering them to manage, operate, and maintain the urban railway system.

Metro Line 5 officially broke ground on December 19, 2025. The 39.5 km route includes 6.5 km underground, 5.2 km elevated, and 27.8 km at-grade sections, featuring 20 stations. The total investment exceeds 72.3 trillion VND. The line originates at the intersection of Văn Cao and Hoàng Hoa Thám streets and terminates at S20 Station (Hòa Lạc and Yên Xuân communes). The underground segment lies within the Ring Road 3, transitioning to elevated and at-grade sections along Thăng Long Avenue.

Prior to approval, the project attracted interest from domestic and international firms. In 2024, Pacific Construction Group (China) and Vinaconex (Vietnam) signed an MoU to study Line 5’s investment. However, Vinaconex is absent from the EPC consortium awarded this contract.

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