PM urges flexible investment models for North–South high-speed railway

On the North–South high-speed railway, PM Chinh underscored its urgency for achieving double-digit growth, urging rapid completion of pre-feasibility and feasibility studies, parallel land clearance, and consideration of all three investment models—State, private, and PPP—ensuring balanced interests.

PM urges flexible investment models for North–South high-speed railway -0
Prime Minister Pham Minh Chinh speaks at the meeting on January 31. (Photo: VNA)

Prime Minister Pham Minh Chinh on January 31 directed relevant agencies to consider all three investment models—state-funded, private, and public–private partnership (PPP)—for the North–South high-speed railway, while chairing the sixth meeting of the Steering Committee for national key railway projects.

The meeting reviewed major projects, including Component Projects 1 and 2 of the Lao Cai–Hanoi–Hai Phong standard-gauge railway; negotiations on a cross-border rail connection agreement with China; surveys and feasibility studies for the North–South high-speed railway; urban railways in Hanoi and Ho Chi Minh City; and other lines such as Ben Thanh–Can Gio, Hanoi–Bac Ninh, Yen Tu–Ha Long, and Lang Son–Hanoi. Participants also discussed the development of a railway industrial complex, institutional and policy frameworks, workforce training, technical standards, technology selection, and investment models involving the State, enterprises, and public–private partnerships.

Since the fifth meeting on January 6, the PM, who is also head of the committee, and deputy prime ministers have assigned 36 tasks to ministries and localities to remove obstacles and speed up investment preparation. Most tasks are on schedule, with only one delayed due to procedures involving foreign partners. Key decrees guiding railway projects have been issued, while Ho Chi Minh City broke ground on Metro Line No.2 (Ben Thanh–Tham Luong) on January 15.

PM urges flexible investment models for North–South high-speed railway -0
Prime Minister Pham Minh Chinh chairs the sixth meeting of the Steering Committee for national key railway projects. (Photo: VNA)

Concluding the meeting, PM Chinh called on ministries, sectors, localities, and steering committee members to act proactively within their authority, uphold self-reliance, and strictly apply the “six clarities”: clear responsibilities, tasks, timelines, accountability, outputs, and authority. He stressed resolute action, focusing only on implementation, not retreat.

Regarding land clearance, the PM instructed localities to step up the work, ensure lawful and fair compensation, improve resettled residents’ living conditions, and prevent corruption. He also directed coordination with the Ministry of Finance to secure funding.

For the Lao Cai–Hanoi–Hai Phong railway, he ordered faster construction of Component Project 1, prompt completion of feasibility studies, timely selection of design consultants, acceleration of loan negotiations if needed, and progress in cross-border railway agreement with China. Localities were encouraged to take the lead in the Hanoi–Lang Son and Hai Phong–Mong Cai lines.

On the North–South high-speed railway, PM Chinh underscored its urgency for achieving double-digit growth, urging rapid completion of pre-feasibility and feasibility studies, parallel land clearance, and consideration of all three investment models—State, private, and PPP—ensuring balanced interests.

He also highlighted urban rail development, called for national technical standards, and emphasised the “five transformations”: digitalisation, green growth, efficiency optimisation, smart governance, and harmonised interests.

The implementation of these projects is required to ensure benefits of the State, the people, and businesses, while must avoid corruption or negative practices, loss or waste of public assets, effort, or money.

By Duy Tien

Other News

Vietnam accelerates innovation to boost growth, competitiveness

Vietnam accelerates innovation to boost growth, competitiveness

By 2030, Vietnam aims to rank among the world’s top 40 in the GII; raise total social investment in R&D to at least 2% of GDP, with non-State funding accounting for over 60%; increase international scientific publications by an average of 10% annually; and raise the number of patent applications and granted patents by an average of 16-18% annually.

Vietnam sees high growth prospects

Vietnam sees high growth prospects

Experts from the Institute of Vietnam and World Economy under the Vietnam Academy of Social Sciences noted the quality of recent growth as the high growth rate has been recorded against an increasingly higher comparative base.

Vietnam seeks bigger share of global Halal market

Vietnam seeks bigger share of global Halal market

Vietnam's Halal exports remain modest at around 900 million USD a year, accounting for less than 1% of the global market. Most exports are still raw agricultural and seafood products. Only around 1,000–1,300 Vietnamese businesses obtained or maintained Halal certification during 2024–2026.

Hanoi sets up inter-agency mechanism to operate carbon market

Hanoi sets up inter-agency mechanism to operate carbon market

Under a decision of the municipal People’s Committee on establishing an inter-agency working group, departments and agencies are responsible for identifying facilities subject to greenhouse gas inventories, developing emissions-reduction plans and studying projects capable of generating carbon credits.

Shrimp exports reach 3.3 billion USD in eight months

Shrimp exports reach 3.3 billion USD in eight months

According to data from the Vietnam Customs cited by the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp exports reached 478.5 million USD in August, up 4.2% from the same month last year. The eight-month total stood at 3.3 billion USD, representing a year-on-year increase of 12%.

Russian investors explore opportunities in Vietnam's real estate market

Russian investors explore opportunities in Vietnam's real estate market

Vietnam is seen as a potential market, with considerable room for growth in real estate, particularly commercial property, compared with some regional markets. Strong Vietnam-Russia ties and opportunities to establish foreign-invested enterprises are also considered favourable for Russian investors.

Phu Quoc airport planning adjusted to serve APEC 2027

Phu Quoc airport planning adjusted to serve APEC 2027

For 2021-2030, the Civil Aviation Authority of Vietnam proposed bringing forward the investment in a parallel taxiway system and a connecting taxiway north of Runway No. 2 at Phu Quoc International Airport, in order to connect with the aircraft maintenance and repair facility (hangar) planned for the northern area of ​​the airport.

Policy, infrastructure emerge as new advantages in FDI attraction

Policy, infrastructure emerge as new advantages in FDI attraction

From policy and infrastructure to industrial real estate, Vietnam’s FDI advantages are broadening towards a more integrated production ecosystem, offering investors a stronger combination of conditions for high-value, technology-intensive and long-term projects.

Logistics upgrade vital to 1-trillion-USD trade target: experts

Logistics upgrade vital to 1-trillion-USD trade target: experts

As trade expands, systemic bottlenecks across transport networks, warehousing, ports, border gates, and industrial zones are becoming more apparent. Experts emphasise the need to shift from a fragmented, project-by-project approach toward strategic management structured around trade corridors and integrated supply chains.

Ample room for Vietnam, US to deepen cooperation

Ample room for Vietnam, US to deepen cooperation

Do Ngoc Hung, Trade Counsellor and head of the Vietnam Trade Office in the US, said what stands out is not only the growth in trade volume but also the increasingly deep economic ties between the two countries.

Flexible fiscal policy helps drive economic growth

Flexible fiscal policy helps drive economic growth

According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at 2.02 quadrillion VND (77.7 billion USD), equivalent to 80% of the annual estimate and up 16% year-on-year. Domestic revenue reached 1.75 quadrillion VND, accounting for 86.6% of total revenue and rising 16.6%.

Electronic components are produced at a factory in Hanoi. (Photo: VNA)

Hanoi's imports surge 41% in first eight months of 2026

Hanoi aims to achieve average annual export growth of at least 12% during 2026-30, with the city seeking to diversify export markets, boost high-tech and value-added products and reduce reliance on traditional markets.