Who founded the company with billionaire Vuong to do the $61 billion high-speed railway project?

On May 14, VinSpeed High-Speed Railway Investment and Development Joint Stock Company officially registered to invest in the North-South high-speed railway project. The project has an investment capital of about 1.5 million billion VND (equivalent to about 61.35 billion USD), excluding compensation costs, relocation support, and resettlement for site clearance.

Of which, the enterprise is responsible for arranging 20% of the total investment capital of the project, equivalent to 312,000 billion VND (about 12.27 billion USD). For the remaining 80% (excluding compensation costs, relocation support, and resettlement for site clearance), VinSpeed proposes to borrow State capital without interest within 35 years from the date of disbursement.

VinSpeed High-Speed Railway Investment and Development Joint Stock Company was registered on May 6. Information from the National Business Registration Portal shows that Vinspeed has a charter capital of VND6,000 billion.

Who founded the company with billionaire Vuong to build the $61 billion high-speed railway project? - 1

Mr. Pham Nhat Vuong contributed 3,060 billion VND to VinSpeed (Photo: DKKD).

The company's headquarters is located in Vinhomes Riverside Urban Area, Long Bien District, Hanoi City. VinSpeed has registered 10 business lines. Of which, the main business line is railway construction, specifically including railway construction and railway industrial construction.

Other businesses also related to the railway industry include passenger transport, cargo handling, catering services, engine and turbine manufacturing, locomotive, tram and wagon manufacturing.

The 6 founding shareholders include organizations and individuals, including: Vingroup Corporation contributed 600 billion VND, owning 10% of shares; Vietnam Investment Group Joint Stock Company contributed 2,100 billion VND, owning 35% of shares; Ms. Pham Thuy Hang (Vice Chairwoman of Vingroup Corporation) contributed 180 billion VND, owning 3% of shares; Mr. Pham Nhat Vuong contributed 3,060 billion VND, owning 51% of shares; Mr. Pham Nhat Minh Hoang and Pham Nhat Quan Anh each contributed 30 billion VND, owning 0.5% of shares.

Mr. Pham Nhat Vuong is the General Director and Legal Representative of VinSpeed.

In addition to VinSpeed, billionaire Pham Nhat Vuong directly holds controlling shares in several other companies such as VinRobotics, VinEnergo, and Xanh SM.

Source: https://dantri.com.vn/kinh-doanh/ai-cung-ty-phu-vuong-lap-cong-ty-lam-du-an-duong-sat-cao-toc-61-ty-usd-20250514160629152.htm