Under the national railway development plan to 2030, Vietnam aims to upgrade seven existing railway lines and construct two new high-speed railways. By 2050, the national network is expected to expand to 25 lines with a total length exceeding 6,300 km.<\/p>\n
Among these projects, the North \u2013 South high-speed railway, spanning over 1,500 km across 15 provinces with a total investment exceeding USD 67 billion, is currently undergoing feasibility studies and is expected to be fully completed by 2035. Meanwhile, the Lao Cai \u2013 Hanoi \u2013 Hai Phong railway line, stretching 390 km with an estimated investment of USD 8.4 billion, is targeted to become operational in 2030. Vietnam\u2019s two largest cities, Hanoi and Ho Chi Minh City, are also planning urban railway systems exceeding 500 km each, creating substantial development opportunities for the railway industry.<\/p>\n
Notably, the National Assembly has approved 19 specific policies aimed at accelerating procedures, incentivizing investment, mobilizing social resources, and developing human capital. At the same time, the revised Railway Law is being further refined to institutionalize policies related to planning, land use, investor selection, and technology transfer \u2013 laying a critical legal foundation for the sector\u2019s next growth phase.<\/p>\n
Deputy Minister of Construction Nguyen Danh Huy emphasized: \u201cIn the context of Vietnam\u2019s infrastructure development, railways serve as the backbone of the national transport system, playing a vital role in economic restructuring, logistics cost reduction, greenhouse gas emission mitigation, and regional connectivity. The railway sector must develop a domestic industrial ecosystem, strengthen local supply chains, and enhance international cooperation in training, technology transfer, and long-term investment.\u201d<\/p>\n
Recommendations from Vinh Hung JSC<\/strong><\/p>\n Speaking at the forum, Mr. Luong Vo Ta, CEO of Vinh Hung Trading, Consulting and Construction Joint Stock Company (Vinh Hung JSC), stated that the coming decade represents a \u201cgolden period\u201d for Vietnam\u2019s railway industry. However, after more than a century of development, domestic railway industrial capacity remains underinvested, with manufacturing capabilities still lagging behind global standards. While incentive and investment promotion policies have been introduced, they remain insufficiently robust.<\/p>\n From a business perspective, Mr. Luong noted: \u201cCompared with international benchmarks, Vietnam\u2019s railway industry is still at an early stage of development<\/em><\/p>\n According to Mr. Luong, although the Government has demonstrated strong determination by issuing priority policies to promote investment in railway industry, the sector still involves significant risks, requires substantial capital, and faces a limited market scale. \u201cWithout a comprehensive legal framework and effective support mechanisms, enterprises will struggle to make long-term investment decisions.\u201d<\/p>\n One critical issue highlighted was the need to establish unified technical standards and design specifications across railway projects. This was identified as a prerequisite for creating a sufficiently large and consistent market to encourage long-term investment and deeper localization: \u201cClear and unified standards give enterprises the confidence to invest at scale and accelerate localization. In addition, the Government should work in partnership with businesses by ensuring long-term policy transparency and stability, while creating favorable conditions for the effective implementation of public\u2013private partnership (PPP) models and international technology joint ventures.\u201d<\/p>\n Vinh Hung\u2019s representative also proposed that the Government promptly issue a comprehensive legal and incentive framework to establish a clear and stable investment environment. In parallel, policies on taxation, credit support, and especially the prioritization of domestic enterprises in contractor selection should be strengthened.<\/p>\n Enterprises Proactively Seizing Opportunities<\/strong><\/p>\n Mr. Tran Thien Canh, Director General of the Vietnam Railway Authority, and Mr. Khuat Viet Hung, Chairman of Hanoi Metro, witnessed the signing ceremony of a Memorandum of Understanding (MOU) between Vinh Hung and its partners Vossloh and Maccaferri<\/em><\/p>\n Vietnam\u2019s railway sector continues to hold vast growth potential, as rail transport currently accounts for only around 1% of total freight and passenger turnover nationwide. Investments in the North \u2013 South high-speed railway and international rail connections are expected to create breakthrough opportunities for both the transport sector and for a broader economy.<\/p>\n Anticipating this momentum, Vinh Hung has established strategic partnerships with global industry leaders such as Vossloh and Maccaferri. The Vinh Hung \u2013 Vossloh \u2013 Maccaferri collaboration marks a significant milestone in the localization of railway technology and equipment manufacturing in Vietnam. The three parties will jointly research, transfer, and manufacture railway fastening systems, turnouts, slope protection solutions, and engineering systems for complex terrains that meet international standards, produced directly at factories in Vietnam. These products will serve not only domestic demand but also target export markets and international infrastructure projects.<\/p>\n Vinh Hung is currently the first and only enterprise in Vietnam\u2019s transport sector to be awarded the \u201cVietnam Value \u2013 National Brand\u201d title.<\/p>\n Founded in 2006, Vinh Hung operates across three core areas: Manufacturing \u2013 Trading \u2013 and Construction. With nearly two decades of development, the company\u2019s technological solutions and products, such as bridge bearings, expansion joints, and noise barriers, have been widely applied across the North \u2013 South Expressway and most key national transport projects, while also being exported to markets throughout Asia and the Americas.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":" At the High-level Summit held as part of the Vietnam Railway Technology & Construction Exhibition and Conference 2025 (VRT & CONS 2025) at the Vietnam Exposition Center on November 12, experts and business leaders gathered to discuss the opportunities and challenges facing the development of Vietnam\u2019s railway industry.<\/p>\n","protected":false},"author":1,"featured_media":9078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[134,136],"tags":[],"class_list":["post-16470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-market-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/vinhhungjsc.com\/en\/wp-json\/wp\/v2\/posts\/16470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vinhhungjsc.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vinhhungjsc.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vinhhungjsc.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vinhhungjsc.com\/en\/wp-json\/wp\/v2\/comments?post=16470"}],"version-history":[{"count":0,"href":"https:\/\/vinhhungjsc.com\/en\/wp-json\/wp\/v2\/posts\/16470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vinhhungjsc.com\/en\/wp-json\/wp\/v2\/media\/9078"}],"wp:attachment":[{"href":"https:\/\/vinhhungjsc.com\/en\/wp-json\/wp\/v2\/media?parent=16470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vinhhungjsc.com\/en\/wp-json\/wp\/v2\/categories?post=16470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vinhhungjsc.com\/en\/wp-json\/wp\/v2\/tags?post=16470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/vinhhung.webcanhcam.vn\/wp-content\/uploads\/2026\/05\/dsc09455-scaled.jpg\")
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