Hanoi (VNA) - 💞The planned North–South high-speed railway is poised to shrink distance between localities, ease infrastructure pressure on overburdened cities, and drive the next wave of economic growth.
For more than a century, Vietnam’s railway infrastructure has remained largely unchanged since its original construction under French colonial rule. In an era of modern transit systems, this legacy has left Vietnam’s railways with an increasingly marginal role in passenger and freight transport, overshadowed by road and air.
Therefore, the Party and the State have identified the investment in constructing the North–South high-speed railway as a strategic objective, laying the groundwork for Vietnam to become a developed, high-income nation, comparable to many others around the world.
“On 30 November 2024, the National Assembly approved the investment policy for the North–South high-speed railway project. This is a historic milestone for the railway sector, affirming the role and importance of rail transport in the country’s development,” stressed Hoang Gia Khanh, General Director of Vietnam Railways Corporation (VNR).
Hoang Gia Khanh, General Director of the Vietnam Railways Corporation. (Photo: VietnamPlus)
Khanh has spent his career in rail transport, rising from train operations to the helm of the national railway company. To see the travel time reduced from over 30 hours to just 5 hours and 30 minutes captures the spirit of renewal the sector has been striving for, according to Khanh.
Despite the end of war nearly five decades ago, no new railway line in Vietnam has been built to modern, commercial standards, he noted. Most of the country’s 1,000mm gauge, single-track lines are a legacy of colonial engineering.
The railway infrastructure remains outdated and worn, with tracks still built to the narrow-gauge standards introduced during the French colonial era. (Photo: VietnamPlus)
Bui Xuan Phong, former Chairman of the Vietnam Railway Economics and Transport Association, said the North–South high-speed railway is a project for the future. It also serves as a “lifeline” for the existing 1,700km-long North–South railway – now over a century old, severely degraded, outdated, and frequently paralysed during the rainy season.
Nguyen Xuan Thuy, former Director of the Transport Publishing House, shared optimism that the 23 stations along the future North–South high-speed railway will open up new spaces and development opportunities for localities.
“Around these stations, new urban areas and industrial zones will take shape, based on local planning strategies, enabling more effective use of land resources,” he noted.
Without a modern replacement, the railway sector will continue to lose passengers and investment. (Photo: VietnamPlus)
Deputy Minister of Construction Nguyen Danh Huy affirmed that the high-speed railway line offers the advantages of large-volume, fast, reliable, and convenient transport. It will also play a key role in shortening the distance between regions, helping to ease the pressure of population concentration and overloaded infrastructure in major cities such as Hanoi and Ho Chi Minh City.
The official said investing in the high-speed railway line will create a construction market worth about 33.5 billion USD. If the national railway and urban railway systems are included, the total value could reach 75.6 billion USD, along with the creation of millions of jobs. With appropriate technology transfer, Vietnam has the potential to develop a modern domestic railway industry.
The development of high-speed rail is a foundational step for the growth of the railway industry and supporting industries, Huy assessed.
The high-speed railway line is expected to shorten the distance between regions. (Illustrative photo: VietnamPlus)
For VNR General Director Khanh, the railway remains one of the most vital forms of transportation. In comparison to other modes, rail offers a unique combination of high freight capacity, operational efficiency, reliable safety standards, and moderate costs. By 2050, demand for freight transport along the North–South corridor is projected to exceed 18.2 million tonnes per year, while passenger transport could reach a staggering 122.7 million journeys annually.
The high-speed railway will primarily serve passenger transport, but will also support freight services when required. (Photo: VietnamPlus)
Khanh recommended that in addition to constructing the new high-speed line, continued investment in upgrading the existing railway network remains essential, particularly for heavy industries and specialised freight such as liquefied gases and petroleum.
The high-speed railway will primarily serve passenger transport, but will also support freight services when required, he added.
The North–South high-speed railway project is poised to become a powerful engine driving Vietnam’s socio-economic transformation. (Photo: VietnamPlus)
According to Minister of Construction Tran Hong Minh, the Government aims to submit a feasibility study to the Prime Minister by the fourth quarter of 2026. Following approval, the process of selecting contractors will commence, with ground expected to be broken on the project by late 2027./.
Regarding the North-South high-speed railway, Prime Minister Chinh reiterated that under Resolution No. 106/NQ-CP, the Government has approved the overall implementation plan, ensuring construction starts no later than December 2026.
Recognising the scale and complexity of this project as unprecedented in Vietnam, the Government has directed relevant ministries, provincial authorities, and specialised agencies to urgently establish the necessary legal and procedural groundwork.
The high-speed North-South railway project is poised to fundamentally transform Vietnam’s railway sector. Vietnam Railways Corporation (VNR) is trying its best with strategic breakthroughs to achieve this goal.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.