On the afternoon of November 30, the National Assembly passed a Resolution on investment policy for the high-speed railway project on the North-South axis with 92.48% of National Assembly deputies in favor.
Resolution Resolution: Decision on investment policy for the North-South high-speed railway project (hereinafter referred to as the Project). Construction of a modern, synchronous high-speed railway to meet transportation needs, create an important driving force for rapid and sustainable socio -economic development, promote advantages on the North-South economic corridor, ensure effective connection of East-West corridors and countries in the region, associated with ensuring national defense, security and international integration, environmental protection, response to climate change, promoting the industrialization and modernization of the country, contributing to realizing the goals and tasks according to the Documents of the 13th National Congress of Delegates and Resolutions of the Party.
The Project scope has a total route length of about 1,541 km; starting point at Ngoc Hoi station (Hanoi capital), ending point at Thu Thiem station (Ho Chi Minh City), passing through 20 provinces and centrally-run cities including: Hanoi capital, Ha Nam, Nam Dinh, Ninh Binh, Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Tri, Hue, Da Nang, Quang Nam , Quang Ngai, Binh Dinh, Phu Yen, Khanh Hoa, Ninh Thuan, Binh Thuan, Dong Nai, Ho Chi Minh City;
In terms of scale, new investment for the entire double-track line with a gauge of 1,435 mm, a design speed of 350 km/h, a load capacity of 22.5 tons/axle; 23 passenger stations, 5 freight stations; vehicles, equipment; high-speed railway for transporting passengers, meeting dual-use requirements for national defense and security, and being able to transport goods when necessary;
The form of investment is public investment. The technology applies rail technology, electrification; ensuring modernity, synchronization, safety and efficiency.
The total land use demand of the Project is approximately 10,827 hectares, including: rice land approximately 3,655 hectares, forestry land approximately 2,567 hectares and other types of land according to the provisions of the land law approximately 4,605 hectares. Of which: land for rice cultivation from two crops or more approximately 3,102 hectares; special-use forest approximately 243 hectares, protective forest approximately 653 hectares, production forest approximately 1,671 hectares;
The preliminary number of resettled people is about 120,836 people. The preliminary total investment of the Project is 1,713,548 billion VND (one million, seven hundred and thirteen thousand, five hundred and forty-eight billion VND); State budget capital is allocated in the medium-term public investment plan periods and other legal capital sources. Progress in implementing the feasibility study report from 2025, striving to basically complete the Project by 2035.
In particular, during the period when the National Assembly is not in session, the National Assembly authorizes the National Assembly Standing Committee to consider and decide on the addition and adjustment of specific and special mechanisms and policies for the Project. The Government shall issue a Decree to specify in detail the contents, order, procedures and authority to implement the specific and special mechanisms and policies of the Project.
Before voting to pass the Resolution, Mr. Vu Hong Thanh, Chairman of the National Assembly's Economic Committee, reported on the reception, revision and explanation of the investment policy.
High-speed railway project on the North-South axis. Accordingly, regarding the capital source for the Project, many opinions proposed to supplement a more complete assessment of the capital source and the ability to balance capital, arrange capital for each phase of the Project to ensure feasibility and efficiency; suggested to supplement a thorough assessment of the impact of the Project investment on the state budget deficit, public debt and the budget's ability to repay debt in the medium and long term. Some opinions said that the Project goes through 3 medium-term periods, so the total investment approved for each phase should only be calculated in that phase, the capital implemented in each phase should be calculated in that medium-term period and should not be transferred from the previous medium-term period to the next medium-term period.
The National Assembly Standing Committee reported that: The project spans 3 medium-term periods, the ability to balance capital, arrange capital to implement the project, specifically: the 2021 - 2025 period, the capital demand for the project is about 538 billion VND (used for investment preparation) has been balanced in the medium-term public investment plan of the Ministry of Transport; the 2026 - 2030 period, the capital demand is about 841,707 billion VND and the 2031 - 2035 period, the capital demand is about 871,302 billion VND. According to the 2019 Law on Public Investment, currently the assessment of the ability to balance capital sources can only be carried out according to the 5-year medium-term public investment plan, the transition to the next period does not exceed 20% of the public investment plan of the previous period. The project spans 3 medium-term periods, so there is no regulation on determining the ability to balance capital. Therefore, the draft Resolution stipulates that the Project is allocated capital through medium-term public investment planning periods, the capital level allocated for each medium-term period is consistent with the progress of the Project implementation and does not have to conduct an appraisal of the capital balance capacity according to the provisions of the Law on Public Investment.
Source: https://daidoanket.vn/quoc-hoi-thong-qua-nghi-quyet-ve-chu-truong-dau-tu-du-an-duong-sat-toc-do-cao-tren-truc-bac-nam-10295607.html
![[Photo] Binh Trieu 1 Bridge has been completed, raised by 1.1m, and will open to traffic at the end of November.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/10/2/a6549e2a3b5848a1ba76a1ded6141fae)
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