Proposal to establish an Advisory Council to select investors for the North-South high-speed railway

Currently, there are at least two domestic investors proposing to invest in the North-South high-speed railway project with a total preliminary investment of about VND1,713,548 billion (equivalent to about USD67.34 billion).

Illustration photo.

The Government Office has just issued Official Dispatch No. 9703/VPCP - CN to the Ministers of Finance, Construction, and Science and Technology, conveying the Prime Minister's direction on the proposal to establish an Advisory Council to select investment forms and investors to implement the North-South high-speed railway project.

Accordingly, considering the proposal of the Ministry of Finance, Prime Minister Pham Minh Chinh assigned the Ministry of Construction to preside over and coordinate with the Ministry of Science and Technology and relevant ministries and agencies to urgently complete the development, appraisal, and publication of standards, regulations, and implementation procedures for high-speed railways, to be completed no later than October 2025 in accordance with the Prime Minister's direction in Notice No. 483/TB-VPCP dated September 15, 2025; to create a public, transparent, and fair investment environment; on that basis, to implement the next steps related to the selection of investment forms and investors.

Previously, the Ministry of Finance issued Document No. 1321/TTr-BTC dated September 29, 2025 on the establishment of an Advisory Council to select investment forms and investors to implement the North-South high-speed railway project.

Currently, there are at least two domestic investors proposing to invest in the North-South high-speed railway project, namely Vingroup and Thaco.

The high-speed railway project on the North-South axis was approved by the National Assembly in Resolution No. 172/2024/QH15 dated November 30, 2024.

The project has a total length of about 1,541 km, starting at Ngoc Hoi station (Hanoi), ending at Thu Thiem station (HCMC), passing through 20 provinces and cities (before the time of reorganization of provincial administrative units on June 12, 2025; after the reorganization, the project will pass through 15 provinces and cities).

The project has a new investment scale for the entire double-track line, 1,435 mm gauge, designed speed of 350 km/h, load capacity of 22.5 tons/axle; 23 passenger stations, 5 freight stations; synchronous vehicles and equipment; high-speed railway for transporting passengers, meeting dual-use requirements for national defense and security, and can transport goods when necessary.

The total preliminary investment of the Project is about 1,713,548 billion VND (equivalent to about 67.34 billion USD), implemented in the form of public investment; implementation progress: prepare the Feasibility Study Report from 2025, strive to basically complete the Project by 2035.

Source: https://baodautu.vn/de-xuat-lap-hoi-dong-tu-van-chon-nha-dau-tu-duong-sat-toc-do-cao-bac---nam-d408230.html