Issuing government bonds for the Lao Cai - Hanoi - Hai Phong railway project

VTV.vn - The Prime Minister assigned the Ministry of Finance to urgently implement instructions on the proposal to issue government bonds for the Lao Cai - Hanoi - Hai Phong railway project.

Prime Minister Pham Minh Chinh , Head of the Steering Committee for key projects and national important projects in the railway sector, chaired the 4th meeting of the Steering Committee.

On the morning of October 23, Prime Minister Pham Minh Chinh, Head of the Steering Committee for key works and important national projects in the railway sector, chaired the 4th meeting of the Steering Committee.

In his concluding remarks, the Prime Minister stated that the workload and tasks of the Steering Committee are extremely heavy, complicated, and urgent, especially for the Ministry of Construction and localities. The implementation of projects must ensure quality, technique, progress, efficiency, and feasibility.

The Prime Minister requested ministries, branches, localities, investors, contractors, relevant agencies and units to focus on removing legal barriers; focus on removing institutional barriers, cutting down cumbersome administrative procedures; ensure "6 clear" assignments: clear people, clear work, clear time, clear responsibility, clear products, clear authority, to make "3 easy": easy to check, easy to urge, easy to evaluate.

Project implementation is based on the spirit of "3 yes" and "2 no", in which "3 yes" are: Yes for the benefit of the State, yes for the benefit of the people, yes for the benefit of businesses and "2 no" include: No corruption, negativity, no loss or waste of people's assets, efforts and money.

Regarding the Lao Cai - Hanoi - Hai Phong railway project, the Prime Minister directed the Ministry of Construction to preside over and coordinate with the People's Committees of Hai Phong, Hanoi and Bac Ninh provinces and cities to urgently work and agree on the route plan and locations of the remaining stations (Nam Hai Phong station, Yen Thuong station, Kim Son station) in October 2025. These are large-scale stations with complicated intersections with railway and road routes and complicated impacts of river flows.

The Ministry of Construction urgently prepares all necessary conditions to ensure the commencement of component project 1 (investment in infrastructure connecting stations on the line and station square - using domestic capital) on December 19, 2025. The Prime Minister noted that it is necessary to review and ensure full procedures in accordance with legal regulations and the National Assembly's Resolution on the project.

The Ministry of Natural Resources and Environment supports and accelerates the appraisal and approval of the Environmental Impact Assessment Report and dossier on conversion of forest use purposes for component project 1 before October 25, 2025.

The Prime Minister emphasized that the implementation of projects is based on the spirit of "3 yes" and "2 no", in which "3 yes" are: Having the interests of the State, having the interests of the people, having the interests of enterprises and "2 no" include: No corruption, negativity, no loss or waste of assets, efforts and money of the people.

The Prime Minister assigned the Ministry of Finance to promptly establish a negotiating team and conduct negotiations on the framework agreement and loan contract for the project. At the same time, promptly implement the Prime Minister's direction on the proposal to issue government bonds for the project with a very proactive spirit and ready capital sources for project implementation.

Regarding the high-speed railway project on the North-South axis, the Prime Minister directed the Ministry of Construction to coordinate with the Ministry of Science and Technology to urgently complete procedures and announce 37 Vietnamese Standards (TCVN) on high-speed railways in October 2025 to serve as a basis for implementing the next steps.

The Prime Minister assigned the Ministry of Construction to direct the Railway Project Management Board to select consultants to support project preparation, strive to complete the task, and estimate the preparation of the Feasibility Study Report in the first quarter of 2026.

Regarding urban railway projects in Hanoi and Ho Chi Minh City, the Prime Minister directed the Hanoi People's Committee to urgently complete the dossier requesting the Ministry of Finance to synthesize and submit to the Prime Minister for decision on mobilizing ODA capital and preferential loans for Project Line 3 (Hanoi Station - Hoang Mai); coordinate with the Ministry of National Defense to soon agree on the policy of land recovery for the depot of Project Line 5 (Van Cao - Hoa Lac); speed up the progress of projects Line 2 and Line 3 (Cau Giay - Hanoi Station) and procedures for adjusting the project according to the TOD model.

Ho Chi Minh City People's Committee focuses on completing procedures to adjust Project Line 2 (Ben Thanh - Tham Luong), striving to start construction by the end of 2025. The Prime Minister noted that priority should be given to the metro project connecting Long Thanh airport with Tan Son Nhat airport, Ho Chi Minh City.

Regarding the Hanoi - Lang Son and Hai Phong - Mong Cai railway projects, the Prime Minister directed the localities of Lang Son, Bac Ninh, Quang Ninh, and Hai Phong to coordinate with the Ministry of Construction and experts to promote the projects.

Source: https://vtv.vn/phat-hanh-trai-phieu-chinh-phu-cho-du-an-duong-sat-lao-cai-ha-noi-hai-phong-100251023145202629.htm