Deo Ca wants to cooperate with Chinese corporation to build North-South high-speed railway

The Government will submit the investment policy for the North-South high-speed railway to the National Assembly for consideration and decision at the upcoming 8th session - Photo: VGP

Speaking to Tuoi Tre Online , a representative of Deo Ca Group said that the two sides are exploring possible cooperation opportunities. The China National Financial Investment Corporation has financial strength, so it will support Deo Ca Group to participate in investor consortia to bid for component projects on the North-South high-speed railway. Meanwhile, Deo Ca Group will contribute human resources, construction machinery to the consortium, and work with Vietnamese departments.

According to Mr. Ho Minh Hoang - Chairman of the Board of Directors of Deo Ca Group, in addition to the North-South high-speed railway project, Deo Ca Group is researching investment in inner-city metro projects connecting the Southeast localities and wishes to cooperate with Chinese partners.

Urban railway is a new construction field in Vietnam, so there are many cooperation prospects for businesses of the two countries.

Mr. Truong Huong Duong, Chairman of China National Financial Investment Corporation, expressed interest in investing in developing high-speed railways in Vietnam.

Mr. Truong Huong Duong said: China National Financial Investment Corporation has a close cooperative relationship with the four largest high-speed rail construction companies in China, with experience in implementing about 40,000km of high-speed rail and revenue of up to 150 billion USD in foreign markets. Therefore, China National Financial Investment Corporation is ready to connect Deo Ca Group with these companies.

"We wish to connect with experienced and resourceful businesses like Deo Ca to contribute to the investment and construction of high-speed railways in Vietnam. Deo Ca Group is a unit with enough capacity to meet our needs," Mr. Truong Huong Duong emphasized.

Mr. Truong Huong Duong (right), Chairman of China National Financial Investment Corporation, at the working session with Deo Ca Group - Photo: TUAN LINH

Although he believes that Chinese enterprises have a lot of experience in implementing high-speed railway projects, Mr. Ho Minh Hoang reiterated the limitations when Chinese contractors participated in implementing a number of metro and urban railway projects in Vietnam in the previous period.

Mr. Hoang said: "We put the interests of the nation, people and Deo Ca Group above all and do not let interest groups dominate cooperation activities."

At the meeting, the two groups also planned to meet in China in October 2024. Deo Ca Group hopes that through this trip, the China National Financial Investment Corporation will connect Deo Ca Group with reputable financial investment units, transport infrastructure consultants and high-speed rail contractors in China.

Regarding investment in railway projects, in August 2023, Deo Ca Group proposed to the Ministry of Transport to participate in investing in the Vientiane - Vung Ang railway line under the public-private partnership (PPP) investment method.

Source: https://tuoitre.vn/deo-ca-muon-hop-tac-voi-tap-doan-trung-quoc-lam-duong-sat-toc-do-cao-bac-nam-20240923104913479.htm