Who did Mr. Pham Nhat Vuong and his family invest in the company that just registered to build the North-South high-speed railway?

Illustration of high-speed railway projects around the world - Photo: Provided by VinSpeed

As reported by Tuoi Tre Online, 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 1,562,000 billion VND (about 61.35 billion USD), excluding compensation costs, relocation support, and resettlement for site clearance.

Of which, VinSpeed ​​is responsible for arranging 20% ​​of the total investment capital of the project, equivalent to VND 312,330 billion (about USD 12.27 billion).

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.

According to information from the national business registration system, VinSpeed ​​High-Speed ​​Railway Investment and Development Joint Stock Company was established in May 2025, headquartered at Symphony Building, Chu Huy Man Street, Vinhomes Riverside Urban Area, Phuc Loi Ward, Long Bien District, Hanoi City.

The main field of this enterprise is railway construction.

VinSpeed's charter capital is up to 6,000 billion VND. In the list of shareholders, billionaire Pham Nhat Vuong, his family members and related parties contributed capital to establish the company.

Specifically, Vingroup Corporation contributed 600 billion VND, owning 10% of shares. Next is Vietnam Investment Group Joint Stock Company contributing 2,100 billion VND, owning 35% of shares.

Ms. Pham Thuy Hang, sister of Ms. Pham Thu Huong (wife of Mr. Pham Nhat Vuong), contributed 3%.

Mr. Pham Nhat Vuong contributed 3,060 billion VND, owning 51% of the shares. Mr. Vuong's two sons, Mr. Pham Nhat Minh Hoang and Pham Nhat Quan Anh, each contributed 30 billion VND, equivalent to 0.5% of the shares.

Mr. Pham Nhat Vuong (born in 1968) is currently the general director and legal representative of VinSpeed.

In the proposal, VinSpeed ​​hopes to make maximum efforts to start the high-speed railway project before December 2025, speed up construction progress, and put the entire route into operation before December 2030.

Currently, VinSpeed ​​is negotiating with partners from countries with the world's leading railway industries such as China, Germany, and Japan to receive technology transfer and manufacture locomotives, carriages, and signal and control systems in Vietnam.

The enterprise will also quickly organize personnel training and master technology to create initiative in developing the national railway industry.

To ensure a portion of the revenue returned to the State, VinSpeed ​​will cooperate with Vingroup and Vinhomes to propose the development of modern urban areas with full amenities in locations adjacent to railway stations according to the TOD (Transit Oriented Development) model.

Tuoitre.vn

Source: https://tuoitre.vn/ong-pham-nhat-vuong-cung-ai-cong-vop-von-vao-cong-ty-vua-dang-ky-lam-duong-sat-cao-toc-bac-nam-20250514222532657.htm