VinSpeed will invest in the Ho Chi Minh City - Can Gio central railway line using direct capital.

Vingroup Corporation proposes investing in a high-speed urban railway project from the center of Ho Chi Minh City to Can Gio - Photo: CHAU TUAN

Vice Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong instructed the Department of Finance to urgently urge the investor to complete the investment proposal dossier for the high-speed urban railway project connecting the center of Ho Chi Minh City with Can Gio in accordance with regulations.

Simultaneously, the Department of Construction will chair and coordinate with relevant units to review relevant legal regulations in the railway sector, advise and propose investment procedures for urban railway projects proposed by investors (not using state budget funds); and report to the Ho Chi Minh City People's Committee in July 2025.

Earlier on June 2nd, the Department of Finance chaired a meeting with the Department of Construction, the Department of Agriculture and Environment, Vingroup Corporation, and VinSpeed High-Speed Railway Investment and Development Joint Stock Company regarding the proposed investment in a high-speed urban railway line connecting the center of Ho Chi Minh City with Can Gio.

During the meeting, after hearing the opinions of the relevant departments, the investor proposed to implement the project using direct capital in accordance with the law on investment. Therefore, the Department of Finance requested the investor to complete the project investment proposal dossier and submit it to the Department of Finance for review and appraisal as prescribed.

According to the Department of Finance, the investor is currently finalizing the investment proposal for the project. After receiving the proposal, the Department of Finance will conduct an appraisal of the investment project.

According to the plan, the urban railway line connecting the city center to Can Gio (line 12) will be 48.7km long. The starting point is on Nguyen Van Linh Street (between the intersections with Nguyen Thi Thap and Ly Phuc Man streets), and the end point is on a 39-hectare plot of land adjacent to the Can Gio coastal tourism urban area project.

Currently, the investor is conducting surveys and preparing project proposals in accordance with the city's policy.

Recently, the National Assembly passed the Railway Law 2025, adding several specific mechanisms and policies to support investment and development of railways and urban railways. Particular attention is paid to attracting private sector investment in railways, including urban railways.

Thus, along with other railway and urban rail projects currently underway in Ho Chi Minh City, the high-speed urban rail line connecting the city center with Can Gio will immediately be subject to special mechanisms to accelerate project progress.

VinSpeed is recruiting personnel for the high-speed railway project connecting Can Gio and Hanoi - Quang Ninh.

Previously, representatives of VinSpeed High-Speed Railway Investment and Development Joint Stock Company stated that they were aggressively and rapidly recruiting personnel to implement the Ho Chi Minh City - Can Gio and Hanoi - Quang Ninh high-speed railway projects.

Regarding the North-South high-speed railway project, the company is awaiting the government's approval as the project's investor.

Accordingly, VinSpeed Company is recruiting for positions including Senior BIM Engineer; BIM Manager; Technology Transfer Specialist; Technology Manager - Railway; Senior Civil Engineer - Tunnel/Bridge Construction; Senior Civil Engineer - Railway; Mechanical and Electrical Engineer - Railway Signaling and Information Systems; Technical Manager - Railway…

VinSpeed ​​is recruiting personnel for the high-speed railway project connecting Can Gio and Hanoi - Quang Ninh.

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VinSpeed is recruiting personnel for the high-speed railway project connecting Can Gio and Hanoi - Quang Ninh.