Vietnam approves $8bn railway project linking with China
Vietnam’s National Assembly has approved a resolution on the investment policy for an US$8 billion project to build a new railway linking the country with China.
Confirmed road to connect Gia Binh airport with Hanoi, future metro line in discussion
Hanoi has issued a decision to build a road connecting the city with Gia Binh Airport in neighboring Bac Ninh Province while studying a plan to develop a metro line between the locations.
Vietnam to use Chinese loans for $8.3 billion railway linking both countries
Vietnam plans to take loans from the Chinese government to partly fund a $8.3 billion project to build a new railway linking the two countries, the transport minister said on Thursday.
Vietnam-China railway to create $4.4B construction market
The Lao Cai-Hanoi-Hai Phong railway that connects northern Vietnam with China is expected to create a construction market worth US$4.4 billion with 90,000 jobs.
Vingroup wants to build metro line between HCMC downtown, outlying district
Vietnam’s largest private corporation Vingroup wants to build a metro line to streamline connection between downtown HCMC and the outlying Can Gio District.
$8bln railway project linking 9 northern Vietnam localities set for 2031 completion
The Transport Ministry of Vietnam is collecting feedback from relevant agencies on a pre-feasibility study of a railway project linking nine northern provinces and cities, with a total investment of VND205.9 trillion (US$8.1 billion).
Vietnam to commence trans-country high-speed railway in Dec 2027
Vietnam plans to start building a North-South high-speed railway at a cost of US$67 billion in December 2027, Nguyen Danh Huy, Deputy Minister of Transport, said at a meeting on Thursday.
Ho Chi Minh City opens first metro line after years of delay
Funding shortages, soaring costs led to slow development. Vietnam’s financial hub of 10 million is choking with traffic.
The political economy of Vietnam’s north-south high-speed rail project
Today, Vietnam is arguably better positioned, both financially and geopolitically, to move forward with the North-South High Speed Rail project. However, the feasibility of this ambitious megaproject hinges on a careful cost-benefit analysis, which is fraught with uncertainty.
HCMC’s first metro line to open on Dec 22
The Ben Thanh-Suoi Tien metro line is expected to enter operation on Dec. 22 as the first in Ho Chi Minh City, with ticket prices starting from VND6,000 (24 U.S. cents) per ride.
Vietnam high-speed railroad to cost $500M annually to operate
Vietnam’s north-south high-speed rail is expected to cost US$500 million a year to operate in the initial time, with the government footing a substantial part of the bill.
HCMC to fund 2nd metro line with state budget instead of foreign loans
Ho Chi Minh City will proceed with the construction of Metro Line No. 2, spanning over 11 kilometers, using the state budget rather than the previously planned official development assistance (ODA) loans.
HCMC seeks to retain surplus revenues to fund metro rail network
HCMC wants to retain the entire amount of money it could have in excess of its budget revenue targets in 2026-30 to fund its metro rail network.
Vietnamese deputy premier encourages Chinese firm to join Vietnam-China rail projects
Vietnamese Deputy Prime Minister Tran Hong Ha received Chen Yun, chairman of China Railway Group Limited (CREC), at the Government Office in Hanoi on Monday, encouraging the Chinese firm to get involved in standard-gauge railway route projects connecting Vietnam and China.
$3.4B sought for metro line linking Thu Duc with Dong Nai
Consultants have proposed a 48-kilometer metro line connecting Thu Duc City in Ho Chi Minh City to Long Thanh District in the neighboring Dong Nai Province, with a total investment of VND84.752 trillion (US$3.42 billion).
HCMC chairman calls on citizens to purchase bonds for metro funding
Ho Chi Minh City chairman Phan Van Mai has urged residents to buy bonds to help finance the city’s US$36 billion urban metro network, aimed at building 183 kilometers of rail by 2035.
China construction company offers to build Vietnam high-speed railroad
The state-owned China Communications Construction Company is interested in major infrastructure projects in Vietnam, including the north-south high-speed railroad and urban metro systems.
China’s railway diplomacy on high speed in Vietnam
The Vietnamese government announced in April 2024 that it aims to start construction of two high-speed railway (HSR) lines in cooperation with China by 2030. One of the proposed routes will link Haiphong, a key port in the north of the country,…
Vietnam’s second metro line to start running Thursday
The elevated section of the Nhon-Hanoi Station metro line in Hanoi is set to begin operation on Thursday, becoming the second metro line to open to the public in Vietnam.
Hanoi’s 2nd metro line misses deadline again
The Nhon-Hanoi Station metro line has missed the deadline for its elevated section again, after failing to go into commercial operation on July 28.
Hanoi starts drilling tunnel for 2nd metro line
The Hanoi Metropolitan Railway Management Board (MRB) and some contractors on Tuesday started using tunnel boring machines to drill the underground section of the Nhon – Hanoi Station metro line, the second of its kind in the capital city.
China-based lender AIIB to allocate $5B for Vietnam rail projects
Beijing-based lender Asian Infrastructure Investment Bank (AIIB) will allocate $5 billion in credit with incentive interest rates to fund Vietnam’s key rail projects.
Vietnam should consider 350-kph speed option for north-south train, PM announces
Prime Minister Pham Minh Chinh said on Thursday that Vietnam should conduct research for building a 350-kph north-south railway.
Second Hanoi metro line misses deadline for 13th time
The Nhon-Hanoi Station metro project has yet to transport any passengers, despite plans to commence commercial operations in June.
Chinese firms eye investment in Vietnam rail projects
Leading Chinese companies are looking to invest in Vietnam’s rail and road infrastructure as the two governments’ encouraging policies pave the way for stronger partnership.
Vietnam wants China’s help for high-speed railway development
Vietnam is looking for China’s support with the development of the country’s high-speed railway networks including cross-border lines that would promote trade between the two countries.