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.

Over-67-billion-USD high-speed railway project submitted to legislature -0
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)

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.

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.

VNA

Other News

Amendments to Land Law aim to achieve three key goals

Amendments to Land Law aim to achieve three key goals

The Government has identified three major objectives: promptly institutionalising Party policies on land, private-sector development and national digital transformation; addressing urgent practical obstacles to unlock resources and support the goal of double-digit economic growth; and building a modern, streamlined and effective land management system through stronger decentralisation and administrative reform.

Draft laws must support management reform, stronger decentralisation: PM

Draft laws must support management reform, stronger decentralisation: PM

Participants looked into 11 draft laws and one draft resolution, including laws amending and supplementing several articles of laws on non-agricultural land use tax and corporate income tax; natural resources tax; securities; accounting and independent auditing; the Labour Code; and laws on archives, gender equality, Red Cross activities and employment.

Top Vietnamese leader's New Zealand visit draws media attention

Top Vietnamese leader's New Zealand visit draws media attention

Reports, articles and assessments published on August 12-13 highlighted that Vietnam-New Zealand relations are shifting strongly from high-level political commitments to concrete cooperation programmes, with a focus on trade, investment, education, agriculture, science and technology, defence and security, and climate change response.

Party General Secretary and President meets Vietnamese community in New Zealand

Party General Secretary and President meets Vietnamese community in New Zealand

General Secretary of the Communist Party of Vietnam (CPV) Central Committee and President To Lam described overseas Vietnamese as “ambassadors” who help promote Vietnam's positive image internationally, and urged them to maintain solidarity, preserve national pride and cultural traditions, and make practical contributions to the country's development.

Vietnamese Party leader attends funeral service for top Lao legislator

Vietnamese Party leader attends funeral service for top Lao legislator

The Party leader stressed that the passing of NA President Xaysomphone is a great loss to the Lao Party, State and people, while Vietnam has also lost a great friend and a close, loyal comrade who had always held deep affection for the country, offered valuable support, and worked tirelessly to nurture and consolidate the Vietnam-Laos great friendship, special solidarity, comprehensive cooperation and strategic cohesion.

Singapore remains one of Vietnam's leading important partners: PM

Singapore remains one of Vietnam's leading important partners: PM

Highlighting positive outcomes in Vietnam-Singapore cooperation across all areas, particularly since bilateral ties were elevated to a Comprehensive Strategic Partnership in March 2025, Prime Minister Le Minh Hung proposed that the two sides maintain and step up high-level visits and exchanges at all levels.

Vietnam, Australia hold 8th Foreign Ministers' Meeting

Vietnam, Australia hold 8th Foreign Ministers' Meeting

Australia attaches great importance to its Comprehensive Strategic Partnership with Vietnam and highly values the substantive progress in bilateral relations, said Australian Minister for Foreign Affairs Penny Wong.

Quang Ninh, Bac Ninh urged to embrace modern urban governance

Quang Ninh, Bac Ninh urged to embrace modern urban governance

According to Government proposals submitted to the legislature, Quang Ninh and Bac Ninh cities will be formed based on the respective natural areas, populations and numbers of commune-level administrative units of the two provinces. Both proposals meet all five conditions stipulated in the Law on Organisation of Local Administration No. 72/2025/QH15 and all seven criteria for establishing centrally-run cities under Resolution No. 112/2025/UBTVQH15.

Laos holds State funeral for National Assembly President

Laos holds State funeral for National Assembly President

Xaysomphone Phomvihane was a capable revolutionary intellectual with broad knowledge and a strategic vision. Throughout his career, he remained committed to the Party's ideals and objectives, and demonstrated responsibility, flexibility and discipline in carrying out his assigned tasks.

Prime Minister receives outgoing Israeli Ambassador

Prime Minister receives outgoing Israeli Ambassador

Prime Minister Le Minh Hung asked the Israeli Government to continue creating favourable conditions for Vietnamese people living, studying and working in Israel at a meeting with outgoing Israeli Ambassador to Vietnam Yaron Mayer in Hanoi on August 12.