Two Decades in the Making: Vietnam’s High-Speed Rail Dream of 350 km/h is Finally Within Reach

After years of research, in 2009, the pre-feasibility study report was approved by the State Appraisal Council and agreed upon by the Politburo in terms of investment policy. However, at the May 2010 session, the project was not approved by the National Assembly.

In the following years, the Ministry of Transport reviewed, updated, and completed the pre-feasibility study report. During this process, the Ministry organized conferences and workshops to gather opinions from agencies, experts, and scientists and held working sessions with 20 provinces and cities through which the project passes.

In February 2019, the Ministry of Transport submitted the pre-feasibility study report to the Prime Minister. Five months later, on July 11, 2019, the Prime Minister issued Decision No. 859 establishing the State Appraisal Council to appraise the pre-feasibility study report.

From 2019 to the present, the Government has made a series of new moves to promote the project, leading up to the important milestone at the 10th Plenum of the 13th Central Committee.

At the Plenum, the Central Executive Committee assigned the Party Committee of the Government and the Party Delegation of the National Assembly to direct relevant agencies to urgently complete the dossier for submission to the 15th National Assembly’s 8th session for consideration and decision. The Central Committee also requested that the dossier preparation be carried out meticulously, along with proposing specific mechanisms and policies for resource mobilization, investment procedures, technology application, and mastery for the National Assembly deputies to discuss at the upcoming session.

“To have a railway line that meets the requirements set by the Central Committee, I believe that the National Assembly will have discussions and exchanges to come up with the best plan to successfully implement the Resolution of the Central Committee,” said Mr. Bui Van Cuong, General Secretary of the National Assembly, Head of the National Assembly Office.

If approved by the National Assembly at the upcoming session, it will provide a solid legal basis for the early commencement of the high-speed rail project, realizing the dream of traveling on high-speed trains for tens of millions of people.

The High-Speed Rail Project Is More Crucial Than Ever

According to calculations by the Ministry of Transport and related units, the high-speed rail can contribute about 1% to GDP growth annually. In addition, the project will enhance regional connectivity, growth poles, create a spillover effect, and open up new economic development space.

“The high-speed rail project has been under the direction of the Government and studied by the Ministry of Transport since 2005, and its urgency has never been greater than it is now. The investment in this project has been carefully and thoroughly considered, and it is a realization of the Party’s directives and the National Master Plan,” said Mr. Nguyen Danh Huy, Deputy Minister of Transport.

Earlier this year, Minister of Transport Nguyen Van Thang shared the ministry’s goals for 2024 on Vietnam Television, emphasizing that the North-South high-speed rail project is of strategic importance to the nation and the people. It will create a breakthrough to promote socio-economic development and contribute to enhancing the country’s competitiveness.

The head of the Ministry of Transport also affirmed that this project has complex technical and technological standards, requires a significant amount of capital, and is the first of its kind to be implemented in Vietnam. Therefore, it needs to be carefully and thoroughly studied, keeping up with the world’s development trends while also suiting Vietnam’s specific conditions.

Regarding the investment capacity for this mega-project, in June, Mr. Thang affirmed that Vietnam now has the necessary conditions to invest in high-speed rail. The Minister of Transport cited that GDP is now four times higher than in 2010, financial potential has increased many times over, and public debt is only about 37%…

“Whether we borrow ODA or not, Vietnam still needs to implement this project and ensure two important conditions: technology transfer and speedy implementation, striving for completion within five years,” emphasized Mr. Thang, as quoted by the Ho Chi Minh City Law newspaper.

As planned, the high-speed rail project will pass through 20 provinces and cities from Hanoi to Ho Chi Minh City, with speeds of up to 350km/h. At this speed, passengers can travel from Hanoi to Ho Chi Minh City in just over five hours.