The Politburo on Wednesday supported a plan to invest in a high-speed railway along the country’s North-South axis, marking a crucial step for the multi-billion-dollar project aimed at boosting economic growth and infrastructure development.
Despite the optimism when Vietnam saw a rosy start to 2022, it is facing multiple challenges given elevated global energy prices, HSBC said in its latest report.
The real estate consultancy anticipates elevated investment activity, sustainability and technology to be the next focus.
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Vingroup’s leverage will likely remain elevated over the next 12-18 months, driven by its increasing debt-funded capital expenditure in the auto business.
The Hong Kong-based company has expressed interest in setting up the first-ever elevated monorail transit system in Ho Chi Minh City.
T&T Group and France’s Bouygues signed two memorandums of understanding in investing in Hanoi urban railway project route No. 3 and upgrading Hang Day Stadium in Hanoi.
Ho Chi Minh City (HCMC)’s future urban railway system is scheduled to includes eight major urban railway routes divided into 12 project packages of which three have been approved, two have been submitted to the Government and seven have not been started yet.
The Hanoi People's Committee has sought approval from the Prime Minister to accept two domestic investors, namely Vingroup and T&T Group to study the future construction of metro lines No. 2, No. 4 and No. 5.
The Export-Import Bank of China (China Eximbank) has recently approved an additional US$250-million loan for the Cat Linh - Ha Dong Railway project in Ha Noi.
The main reason for the delayed progress of Cat Linh-Ha Dong urban railway project this year was due to problems related to the agreement on an additional loan worth US$250 million signed between the Export-Import Bank of China (CEB) and the Ministry of Finance of Vietnam (MoF) on May 11, 2017, according to an official of the Railway Project Management Unit (RPMU).
The urban zoning project for Hanoi railway station and surrounding areas is not in line with the master plan of the city approved by the Prime Minister, according to the Ministry of Construction (MoC).
The planned trial run of the Cat Linh-Ha Dong metro line, Hanoi's first urban railway project one more time does not meet its deadline and will be delayed until September 2018.
At the meeting with Deputy Prime Minister Trinh Dinh Dung on November 22, Richard Courey, Chairman of Vision Transportation Group (VTG) expressed the group’s desire to invest in the urban railway No.2 connecting Noi Bai airport and the West lake in the form of public-private partnerships (PPPs).
Hanoi Railway Transport One Member Limited Company has spent VND17 billion (roughly US$749,228) to prepare for the operation of the Cat Linh-Ha Dong urban railway, also known as Line 2A.
