Over-67-billion-USD high-speed railway project submitted to legislature

National Assembly deputies on November 13 listened to a report and a verification report on the investment policy of the North-South high-speed railway project worth around 1.7 quadrillion VND (67.34 billion USD), within the framework of the legislature’s ongoing 8th session in Hanoi.
Chairman of the NA’s Committee for Economic Affairs Vu Hong Thanh delivers a verification report on the investment policy of the North-South high-speed railway project. (Photo: VNA)
Chairman of the NA’s Committee for Economic Affairs Vu Hong Thanh delivers a verification report on the investment policy of the North-South high-speed railway project. (Photo: VNA)
On behalf of the Prime Minister, Minister of Transport Nguyen Van Thang presented the proposal, saying that the goal of the investment is to build a high-speed railway to meet transport demand, contribute to sustainably restructuring the transport market share along the North-South corridor, and lay the foundation for socio-economic development while ensuring national defence and security.

Specifically, the Government recommends the construction of a new dual-track railway which has a gauge of 1,435 mm, is electrified, and designed for a speed of 350 km/h, and a load capacity of 22.5 tonnes per axle. The main line will be approximately 1,541 kilometres long, with 23 passenger and five freight stations.

Thang said that the principle for selecting stations is that they must align with the current conditions and development plans of localities, especially in areas with sufficiently large transport demand.

Regarding the project timeline, the minister said that the preparation and approval of the feasibility study report and FEED (Front End Engineering Design) are scheduled to be completed in 2025-2026, while land clearance, contractor selection through bidding, and project groundbreaking are planned for 2027, with the goal of completing the entire railway by 2035.

Preliminary calculations indicate that during the first four years of operation, the government will need to provide partial funding for infrastructure maintenance costs through the state economic budget, similar to the current national railway system. The estimated payback period for the investment is approximately 33.61 years, the minister added.

Delivering the verification report, Chairman of the NA’s Committee for Economic Affairs Vu Hong Thanh said that the committee basically agreed with the Government's proposal, as the project is in line with the railway network master planning scheme for the 2021-2030 period, with a vision until 2050.

During the feasibility study phase, the Government should direct relevant agencies to thoroughly review and select the optimal methods for connecting the high-speed railway line with the existing railway network, urban metro lines, other transport systems, and the regional and international railway networks, he noted./.

Source: VNA

See also

Top legislator wraps up official visit to Japan

Top legislator wraps up official visit to Japan

National Assembly (NA) Chairman Tran Thanh Man, his spouse Nguyen Thi Thanh Nga, and a high-ranking NA delegation returned to Hanoi on December 7 evening, concluding their official visit to Japan at the invitation of President of the House of Councillors Sekiguchi Masakazu and his spouse.
PM meets with new ambassadors, heads of Vietnamese representative offices abroad

PM meets with new ambassadors, heads of Vietnamese representative offices abroad

Prime Minister Pham Minh Chinh on December 7 met with ambassadors and heads of Vietnam's representative offices abroad before they take on their new assignments.
PM urges extra efforts to fulfil all 15 targets set for 2024

PM urges extra efforts to fulfil all 15 targets set for 2024

Hanoi - Ministries and sectors need to promote the mindset of daring to think, daring to act, and daring to take responsibility for the common interests, with the goal of achieving all 15 out of 15 targets set for 2024 so as to lay the foundation and momentum for next year, Prime Minister Pham Minh Chinh stressed at the Government’s monthly regular meeting on December 7.
Top legislator receives leader of Japanese Communist Party

Top legislator receives leader of Japanese Communist Party

National Assembly Chairman Tran Thanh Man received Chairman of the Presidium of the Japanese Communist Party (JCP) Central Committee Shii Kazuo in Tokyo on December 6 as part of his ongoing official visit to Japan.
Party Chief visits nuclear plant site, cultural establishments in Ninh Thuan

Party Chief visits nuclear plant site, cultural establishments in Ninh Thuan

Party General Secretary To Lam visited several economic, cultural and social establishments in the south-central province of Ninh Thuan on December 5.
Party chief urges Ninh Thuan to capitalise on great potential from land, people

Party chief urges Ninh Thuan to capitalise on great potential from land, people

Ninh Thuan needs a new, modern, and global perspective - one that resonates with the spirit of a new era, to optimise the great potential from its land and people, Party General Secretary To Lam said at a working session with the Standing Board of the provincial Party Committee of the south-central province on December 5.

See more news

NA Chairman receives President of Japan’s International Friendship Exchange Council

NA Chairman receives President of Japan’s International Friendship Exchange Council

National Assembly Chairman Tran Thanh Man received President of the International Friendship Exchange Council (FEC) of Japan Matsuzawa Ken in Tokyo on December 5 as part of his official visit to the country.
National Assembly delegation pays working visit to Germany

National Assembly delegation pays working visit to Germany

Berlin – A National Assembly (NA) Standing Committee delegation visited Hesse’s Frankfurt am Main and Berlin in Germany, on December 2 and 3, engaging in discussions on educational development, law making, and friendship activities.
Top Vietnamese legislator meets with Japanese Emperor, Empress

Top Vietnamese legislator meets with Japanese Emperor, Empress

Chairman of the Vietnamese National Assembly (NA) Tran Thanh Man and his spouse Nguyen Thi Thanh Nga met with Japanese Emperor Naruhito and Empress Masako at the Imperial Palace on December 4 as part of their ongoing official visit to Japan.
PM urges faster legal reform to achieve double-digit economic growth

PM urges faster legal reform to achieve double-digit economic growth

Prime Minister Pham Minh Chinh has requested continuing to review and find out shortcomings in legal documents and propose amendments and supplements, thus removing "bottlenecks" to achieve double-digit economic growth.
NA Chairman meets Vietnamese embassy staff in Japan

NA Chairman meets Vietnamese embassy staff in Japan

National Assembly (NA) Chairman Tran Thanh Man and a high-ranking delegation of the Vietnamese legislature met with staff of the Vietnamese Embassy in Japan on December 4 as part of their official visit to the Asian nation.
Apparatus restructuring difficult but indispensable: PM

Apparatus restructuring difficult but indispensable: PM

Rearranging the organisational apparatus is a difficult task but it is essential, Prime Minister Pham Minh Chinh affirmed on December 4 at a Government conference to carry out the review of the implementation of Resolution No. 18-NQ/TW, issued by the Party Central Committee in 2017, which seeks to streamline the political system for greater efficiency.
Party chief visits Vietnam Military History Museum

Party chief visits Vietnam Military History Museum

Party General Secretary To Lam, who is also Secretary of the Central Military Commission, visited and had a working session at the Vietnam Military History Museum in Hanoi on December 3.
Top legislator starts official visit to Japan

Top legislator starts official visit to Japan

National Assembly (NA) Chairman Tran Thanh Man, his spouse Nguyen Thi Thanh Nga, and a high-ranking delegation of the Vietnamese legislature arrived in Tokyo on December 3 evening, starting a five-day official visit to Japan at the invitation of President of the House of Councillors Sekiguchi Masakazu and his spouse.
Party chief meets with Hanoi voters

Party chief meets with Hanoi voters

Party General Secretary To Lam met with voters in Hanoi’s Ba Dinh, Hai Ba Trung and Dong Da districts on December 3, briefing them on the outcomes of the 15th National Assembly’s eighth session.
Vietnamese NA Chairman concludes official visit to Singapore

Vietnamese NA Chairman concludes official visit to Singapore

Singapore - National Assembly (NA) Chairman Tran Thanh Man and his spouse Nguyen Thi Thanh Nga, along with a high-ranking delegation of the Vietnamese legislature, on December 3 afternoon (local time) concluded their official visit to Singapore, and left the Southeast Asian nation for an official visit to Japan.
View more
Latest Most Read
Vietnam among top five favorite destinations for US tourists

Vietnam among top five favorite destinations for US tourists

(VEN) - In the first 11 months of 2024, the US is in the list of Vietnam's leading source of tourists with more than 706,000 visitors.
Việt Nam needs a competitive energy market: experts

Việt Nam needs a competitive energy market: experts

Economists, industry experts and policymakers at the event highlighted several critical challenges facing the country’s energy sector and the urgent need for strategic reforms.
Australia shows interest in Việt Nam

Australia shows interest in Việt Nam's vision of a 'rising era'

Việt Nam and Australia shared a vision of a peaceful, stable, and prosperous region and the relationship between Việt Nam and Australia have been growing fruitfully in all sectors.
Power sector must not let electricity shortage happen as the country aspires for double-digit growth

Power sector must not let electricity shortage happen as the country aspires for double-digit growth

The 500kV transmission line spans a total length of 519km, comprising 1,177 towers, with a total investment of over VNĐ22.3 trillion (approx. US$878 million) and plays a vital role in ensuring stable power systems and enhancing electricity supply for northern Việt Nam in 2024 and beyond.
Information and communications sector’s revenue exceeds VND3.9 trillion in 11 months

Information and communications sector’s revenue exceeds VND3.9 trillion in 11 months

(VEN) - In the first 11 months of 2024, the total revenue of the information and communications sector reached an estimated VND3,982,742 billion, a year-on-year increase of 19.8 percent.
16 intangible cultural heritage elements recognised by unesco

16 intangible cultural heritage elements recognised by UNESCO

The Ba Chua Xu (Holy Mother of the Realm) Festival at Sam mountain in the Mekong Delta province of An Giang was officially recognised by UNESCO as intangible cultural heritage of humanity at the 19th session of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage in Paraguay on December 4. With this recognition, the festival has become the 16th intangible cultural heritage element of Vietnam recognised by UNESCO.
vietnam japan comprehensive strategic partnership for peace and prosperity in asia and the world

Vietnam-Japan Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World

National Assembly Chairman Tran Thanh Man and his spouse are paying an official visit to Japan from December 3-7. The visit is expected to promote the two countries' legislative ties in a practical and sustainable manner, thus concretising the comprehensive strategic partnership across spheres.
streamlining political systems organisational apparatus

Streamlining political system's organisational apparatus

Party General Secretary To Lam has urged Party committees, Party organisations, agencies, units, and sectors at all levels to demonstrate the highest political determination in streamlining the political system's organisational apparatus.
vietnam singapore strategic partnership

Vietnam-Singapore Strategic Partnership

The official visit to Singapore by National Assembly Chairman Tran Thanh Man and his spouse aims to further deepen the strategic partnership between Vietnam and Singapore.
local vibe at wholesale market

Local vibe at wholesale market

A market can often be described as the beating heart of a city. And Đồng Xuân Market in the centre of Hà Nội is exactly that.
Australia shows interest in Việt Nam

Australia shows interest in Việt Nam's vision of a 'rising era'

Việt Nam and Australia shared a vision of a peaceful, stable, and prosperous region and the relationship between Việt Nam and Australia have been growing fruitfully in all sectors.
Plan to streamline Government

Plan to streamline Government's organisational apparatus finalised

According to Minister of Home Affairs Phạm Thị Thanh Trà, the government's restructuring extends beyond ministerial consolidation, and the number of units under ministries and ministerial-level organisations will be cut by 15-20 per cent
Vietnam slashes government apparatus, with 9 minitries, agencies cut

Vietnam slashes government apparatus, with 9 minitries, agencies cut

Hanoi – Nine ministries and agencies under the Government will be consolidated under a resolution on streamlining and optimising the political system, Minister of Home Affairs Pham Thi Thanh Tra told the Vietnam News Agency.
Specific plans announced to restructure Party apparatus

Specific plans announced to restructure Party apparatus

The plan will reduce at least four Party organisations, 25 Party delegations and 16 Party groups merged into others and add two more Party Committees under central management.
Việt Nam needs a competitive energy market: experts

Việt Nam needs a competitive energy market: experts

Economists, industry experts and policymakers at the event highlighted several critical challenges facing the country’s energy sector and the urgent need for strategic reforms.
Việt Nam resumes nuclear power project amid rising energy demands

Việt Nam resumes nuclear power project amid rising energy demands

Vietnamese law-markers have approved the plan to resume the nuclear power project in the south – central province of Ninh Thuận after eight years of pause in an effort to ensure energy security while meeting Net Zero goal.
Việt Nam

Việt Nam's supporting industry for electronics needs more support

In addition to the efforts of enterprises, Việt Nam's supporting industry for electronics production needs many helpful policies from the State to promote its development.
Vietnam’s automotive industry seizes golden opportunities from global supply chain

Vietnam’s automotive industry seizes golden opportunities from global supply chain

(VEN) - In recent years, Vietnam’s automotive industry has experienced positive growth, aiming not only to meet domestic demand, but also to establish its position in the international market.
Vietnamese businesses explore Indonesian market

Vietnamese businesses explore Indonesian market

A business networking session between a delegation from the Ho Chi Minh City Association of Mechanical-Electrical Enterprises (HAMEE) and the Indonesian Chamber of Commerce and Industry (KADIN) was held on December 5 in Jakarta.
Vietnam attracts nearly 31.4 billion USD in foreign investment in 11 months

Vietnam attracts nearly 31.4 billion USD in foreign investment in 11 months

Total registered foreign direct investment (FDI) into Vietnam, including new and additional investments, and capital contributions via share purchases, reached 31.4 billion USD in the first 11 months of 2024.
Top legislator suggests Japan’s Tokyu Group expand investment in Vietnam

Top legislator suggests Japan’s Tokyu Group expand investment in Vietnam

Chairman of the Vietnamese National Assembly (NA) Tran Thanh Man received Chairman of Japan’s Tokyu Group Hirofumi Nomoto in Tokyo on December 5 morning, as part of his ongoing official visit to the East Asian nation.
Chinese media highlights Vietnam as attractive investment destination in 2025

Chinese media highlights Vietnam as attractive investment destination in 2025

The number of Chinese manufacturers shifting production to the Vietnamese market has boomed since 2018, and the upward trend is set to continue over the coming years, the South China Morning Post (SCMP) of Hong Kong (China) confirmed.
Finance ministry to use AI in stock market surveillance

Finance ministry to use AI in stock market surveillance

The Ministry of Finance announced on Friday that it is researching using artificial intelligence (AI) tools to monitor transactions in the stock market.
Year-end profits put heavy pressure on banks

Year-end profits put heavy pressure on banks

(VEN) - As of the third quarter of 2024, only 11 out of 27 commercial banks have completed 75 percent or more of their pre-tax profit plans. Therefore, the year-end profit target is a huge pressure weighing heavily on their shoulders.
Party chief receives leader of Japan Bank for International Cooperation

Party chief receives leader of Japan Bank for International Cooperation

Party General Secretary To Lam hosted a reception in Hanoi on December 4 for Chairman of the Board of Directors of the Japan Bank for International Cooperation (JBIC) Maeda Tadashi.
Central bank increases credit growth limit for banks for second time this year

Central bank increases credit growth limit for banks for second time this year

The State Bank of Vietnam (SBV) on November 28 announced it would increase credit growth target for credit institutions, for the second time this year.
Seeking capital for green transformation remains tough

Seeking capital for green transformation remains tough

(VEN) - Shifting to green economy has become the goal of many countries and businesses around the world, including Vietnam. However, capital for green transition is still a difficult problem for the Vietnamese business community.
Drainage infrastructure development behind pace of urbanisation

Drainage infrastructure development behind pace of urbanisation

Domestic wastewater and rainwater are discharged directly into sewers, canals and ditches and then into main rivers.
Việt Nam rattled by 458 earthquakes in 11 months

Việt Nam rattled by 458 earthquakes in 11 months

HÀ NỘI — Việt Nam has experienced a significant increase in seismic activity this year, with hundreds of small earthquakes reported across the country.
Hà Nội determined to revive its polluted rivers

Hà Nội determined to revive its polluted rivers

HÀ NỘI — After a long delay period, with strong political commitment and leadership from municipal leaders, the Yên Xá wastewater treatment system in Hà Nội has now begun trial operation.
NVIDIA to build AI research and data centres in VN

NVIDIA to build AI research and data centres in VN

An agreement to develop two centres dedicated to artificial intelligence (AI) studies was signed between the Vietnamese Government and the American technology company NVIDIA.
VinFuture Sci-Tech Week starts in Hà Nội

VinFuture Sci-Tech Week starts in Hà Nội

VinFuture Foundation organised the 'Science for Life' symposia on December 4, opening the VinFuture Sci-Tech Week and Award Ceremony series in Hà Nội.
Nineteen initiatives receive Vietnam Smart City Awards 2024

Nineteen initiatives receive Vietnam Smart City Awards 2024

The Vietnam Software and IT Services Association (VINASA) presented the Smart City Awards 2024 to 10 localities and authors of nine smart technological solutions during the Vietnam-Asia Smart City Summit 2024, held in Hanoi on December 3.
Empowering Vietnamese firms with digital transformation

Empowering Vietnamese firms with digital transformation

In response to the growing demand of digital transformation and smart production, the Ministry of Industry and Trade has implemented harmonious measures to support domestic businesses in navigating the fourth industrial revolution.
Power sector must not let electricity shortage happen as the country aspires for double-digit growth

Power sector must not let electricity shortage happen as the country aspires for double-digit growth

The 500kV transmission line spans a total length of 519km, comprising 1,177 towers, with a total investment of over VNĐ22.3 trillion (approx. US$878 million) and plays a vital role in ensuring stable power systems and enhancing electricity supply for northern Việt Nam in 2024 and beyond.
The VinFuture 2024 Grand Prize honours 5 scientists for transformational contributions to the advancement of deep learning

The VinFuture 2024 Grand Prize honours 5 scientists for transformational contributions to the advancement of deep learning

HÀ NỘI — The VinFuture Foundation honoured four scientific breakthroughs in 2024 at a ceremony in Hà Nội on December 6.
With strong commitment and substantial investment, Việt Nam can end AIDS by 2030

With strong commitment and substantial investment, Việt Nam can end AIDS by 2030

To end AIDS by 2030, Việt Nam must focus on high-impact interventions and significantly scale up programme coverage from current levels.
Mang Den Airport construction plan proposed

Mang Den Airport construction plan proposed

(VEN) - Mang Den Airport in the Central Highlands province of Kon Tum is expected to be built with the first-phase investment of nearly VND5 trillion through a Public-Private Partnership (PPP).
2024 Vietnam Business Day opens shop in Japan

2024 Vietnam Business Day opens shop in Japan

The Vietnam Business Association in Japan (VJBA) on December 3 held the 2024 Vietnam Business Day with the theme “Shared Vision, Shared Success".
Việt Nam

Việt Nam's OCOP products debut at AF-L'ARTIGIANO IN FIERA 2024 in Milan

Under the theme 'Việt Nam’s OCOP Products: Gathering Values, Spreading Culture', Việt Nam’s pavilion spans 200 square metres.
Top 10 reputable logistics companies in 2024 announced

Top 10 reputable logistics companies in 2024 announced

The Vietnam Report JSC on November 29 announced the list of top 10 reputable logistics companies for 2024.
150 products honoured as “Vietnamese Goods Loved by Consumers 2024”

150 products honoured as “Vietnamese Goods Loved by Consumers 2024”

A ceremony honouring the 150 most popular products voted by consumers took place in Hanoi on November 28.
tcty-dau-khi-vn-pv-power-2022
Kinh Bac Art 3 contemporary painting exhibition opens

Kinh Bac Art 3 contemporary painting exhibition opens

(VEN) - On the afternoon of December 7, the Kinh Bac Art 3 contemporary painting exhibition was opened at the Appraisal and Exhibition Center of Art and Photography, 29 Hang Bai Street, Hoan Kiem District, Hanoi.
Exhibition on royal culture of Huế opens

Exhibition on royal culture of Huế opens

A special exhibition featuring the history and development of Huế Citadel has opened at the Museum of Hồ Chí Minh City.
Vietnamese artisans bring unique handicrafts to Milan

Vietnamese artisans bring unique handicrafts to Milan

Vietnamese firms are making their mark at the 28th Artigiano International Handicrafts Fair in Milan, the capital of Lombardy - Italy's largest economic and cultural hub, from November 30 - December 8.
Hanoi Digital Pho gives experience of unique culinary essence

Hanoi Digital Pho gives experience of unique culinary essence

(VEN) - Hanoi has just introduced to consumers and tourists its cultural heritage - Hanoi Pho - in a unique way, which is digital Hanoi Pho.
Vietnam among top five favorite destinations for US tourists

Vietnam among top five favorite destinations for US tourists

(VEN) - In the first 11 months of 2024, the US is in the list of Vietnam's leading source of tourists with more than 706,000 visitors.
15.8 million int

15.8 million int'l tourists came to Việt Nam in first 11 months, nearing 2024 target

Experts noted that the sharp increase in November is expected, as Việt Nam is in the peak international tourism season from October to March. The previous record for monthly international arrivals was set in November 2019, with over 1.8 million visitors.
2025 holiday schedule announced early, expected to boost tourism

2025 holiday schedule announced early, expected to boost tourism

Vietnam’s 2025 holiday schedule was announced early, which is expected to help both people and tour operators actively prepare for holidays across the year.
Developing green and sustainable tourism as a pathway to growth

Developing green and sustainable tourism as a pathway to growth

Cities facing challenges like population density, environmental stress and economic development pressure are recognising the potential of green tourism to address these issues.
Mobile Version