Business

7.4 trillion VND earmarked for rail infrastructure development this year

Six projects worth over 7.4 trillion VND (310.46 million USD) are expected to begin this year serving railway infrastructure upgrade.
7.4 trillion VND earmarked for rail infrastructure development this year ảnh 1Illustrative photo (Source: hanoimoi.com.vn)
Hanoi (VNA) – Six projects worth over 7.4trillion VND (310.46 million USD) are expected to begin this year serving railwayinfrastructure upgrade.

Of the five of these, using Statecapital for the middle-term public investment plan for 2021-2025, three with a total valued at more than 3.1 trillion VND involved the Hanoi-Vinh, Vinh-Nha Trang,and Nha Trang-Sai Gon sections of the North-South railway. The upgrade of thesesections, which are about 1,725km long in total, is scheduled to be completedin 2025. 

Meanwhile, two others will work to repair the northernrail station with some 476 billion VND and to upgrade the Duong rail bridge withnearly 1.85 trillion VND.

The last of the six is for the upgrade of the Khe Net mountain pass with a value of over 2 trillion VND partly sourced from official developmentassistance by the Republic of Korea via its Economic Development CooperationFund (EDCF)./.





VNA
#railway infrastructure upgrade #middle-term public investment plan #North-South railway #vietnam #vietnam news agency #vietnamplus Vietnam
Follow VietnamPlus

Related News

Investment plan for North-South high-speed railway

Investment plan for North-South high-speed railway

The Ministry of Planning and Investment proposes the Ministry of Transport select a plan to invest in a high-speed railway with the operation of mix trains that contain both passengers and freight cars, with a designed speed of about 250km per hour.
Railway sector identifies major pillars in 2023

Railway sector identifies major pillars in 2023

The Vietnamese railway sector should identify major pillars to grow further in 2023, Deputy Minister of Transport Nguyen Danh Huy said at a recent conference held by Vietnam Railways (VNR).

See more

The Long Son Petrochemical Complex, an investment project of Thailand's SCG Group, is located in Long Son commune, Ho Chi Minh City. (Photo: VNA)

Vietnam reshapes FDI strategy with focus on technology, innovation

Politburo Resolution No. 10-NQ/TW, issued on June 8, 2026, recognises the foreign-invested sector as an important component of the national economy, signalling a major shift in the country's investment attraction strategy. Rather than prioritising labour-intensive projects, Vietnam is now seeking high-quality investments capable of driving technological progress, innovation, sustainable development and stronger participation in global value chains.

International tourists love shopping for souvenirs at Hanoi's Old Quarter night market (Photo: VNA)

Hanoi aims to raise tourists' night-time spending to 30%

Hanoi will establish and operate flagship night-time economy zones supported by preferential policies, including heritage and cultural districts in Hoan Kiem, Cua Nam, Ba Dinh, Son Tay and Soc Son; modern entertainment hubs in Tay Ho-West Lake West, My Dinh and Dong Anh; creative economy zones linked to cultural industries such as theatres, cinemas and museums; and cultural tourism and resort destinations in suburban craft villages including Bat Trang, Ba Vi and Huong Son.

Vietnamese Ambassador to Laos Nguyen Minh Tam and Lao Deputy Minister of Industry and Commerce Phouthavanh Nanthavong visit the Vietnamese pavilion at VIETLAO EXPO 2026 (Photo: VNA)

VIETLAO EXPO 2026 helps boost Vietnam-Laos strategic cohesion

The Vietnam-Laos Trade Fair 2026 (VIETLAO EXPO 2026) opened on July 16 in Vientiane, serving as a key platform for businesses from both countries to showcase products, seek partnerships, transfer technologies and expand investment cooperation.

The Vietnam-EFTA FTA is one of the longest-negotiated trade agreements in Vietnam's history. (Illustrative Photo: VNA)

Vietnam-EFTA deal set to further boost bilateral trade growth

The Vietnam-EFTA FTA is one of the longest-negotiated trade agreements in Vietnam's history, reflecting its broad scope of commitments covering trade in goods and services, investment, intellectual property, government procurement, environmental protection, sustainable development, small and medium-sized enterprises (SMEs), and other areas of cooperation.

Passengers and visitors check in at Terminal 1 of Noi Bai International Airport. (Photo: VNA)

Hanoi-Ho Chi Minh City route among world’s busiest

According to IATA’s ranking of global air passenger markets, the US remained the world’s largest market in 2025, with 890.1 million passengers, up 1.6% from 2024. China, the world’s second-largest market, recorded stronger growth of 4.8%, reaching 776.1 million passengers. China is widely forecast to overtake the US and become the world’s largest air passenger market in the 2030s.

An overview of the working session between the Kazakh delegation and the Can Tho City People's Committee on July 16. (Photo: VNA)

Kazakhstan explores agricultural by-product recycling project in Can Tho city

The proposed project would use rice husks as its primary feedstock, with an estimated one million tonnes processed annually using advanced technology developed in Kazakhstan. At present, the top priority is to secure a stable supply of raw materials from rice-producing provinces across the Mekong Delta.

Consumers buy fruit at a supermarket in Vietnam. (Photo: VNA)

US highlights potential in Vietnam’s fruit market

The US was Vietnam's second-largest supplier of agricultural products, with export turnover reaching 4.7 billion USD in 2025, a remarkable increase from less than 3.5 billion USD in 2024, Fruitnet said, citing a new report by the US Department of Agriculture (USDA).

Vietnamese Ambassador to Thailand Pham Viet Hung (thitd, left) attends the opening ceremony of Grand Halal Bangkok 2026 (Photo: VNA)

Vietnamese firms seek global Halal opportunities at Bangkok exhibition

Ambassador Pham Viet Hung described Grand Halal Bangkok 2026 as an important opportunity for Vietnamese businesses to connect not only with Thailand's Halal industry but also with Halal food producers worldwide, while learning from experience of Thailand and international partners.

Marnufacturing garments for export at Hung Yen Jute and Garment Joint Stock Company. (Photo: VNA)

GDP expands 8.18%, with new growth drivers taking shape

According to the National Statistics Office under the Ministry of Finance, GDP expanded by 8.39% in the second quarter, up from 8.14% a year earlier. Growth for the first six months reached 8.18%, exceeding the 7.63% recorded in the same period of 2025. The performance reflected broad-based contributions from both the supply and demand sides of the economy.

Production line at Honda Vietnam's manufacturing facility in Dong Van II Industrial Park, Ninh Binh province. (Photo: VNA)

Vietnamese economy sustains momentum on strong industrial production

The National Statistics Office (NSO) under the Ministry of Finance reported that the manufacturing and processing sector remained the principal driver of economic growth, accounting for 33.07% of the economy's total value-added growth during the first six months of the year.

Investors conduct transactions at Bao Viet Securities' headquarters in Hanoi. (Photo: VNA)

Vietnam eyes 205.6 billion USD in stock market funding for 2026–2030

Addressing a seminar on restructuring capital mobilisation channels hosted by the Finance and Investment newspaper on July 15, Bui Hoang Hai, Vice Chairman of the State Securities Commission of Vietnam (SSC), said the domestic economy continues to face considerable external challenges in 2026, including the effects from the Middle East conflict.