Hanoi (VNS/VNA) – VinSpeed High-Speed Rail Investment and Development Joint Stock Company (VinSpeed) has unveiled plans to build the Hanoi-Quang Ninh high-speed railway by the end of this year and put it into commercial operation in the first quarter of 2028.
The announcement was made in the project’s environmental impact assessment (EIA) report released for public consultation.
The Government has recently added the project to Vietnam’s Railway Network Planning for the 2021-30 period, with a vision to 2050. It will become one of only two high-speed railway lines in the country, alongside the 1,541km North-South line from Ngoc Hoi Station in Hanoi to Thu Thiem Station in Ho Chi Minh City, scheduled for investment before 2030.
VinSpeed proposes a total investment of about 138.93 trillion VND (5.3 billion USD) for the Hanoi-Quang Ninh line. The company expects the project to receive investment approval in the fourth quarter of 2025, with construction taking 24 months. The railway could be tested at the end of 2027 and officially open for commercial operation from the first quarter of 2028.
The line will stretch approximately 120km and pass through 22 communes and wards across four provinces and cities: Hanoi, Bac Ninh, Hai Phong and Quang Ninh.
Initially, VinSpeed plans to operate four trains with 16 carriages each during 2028-2035, increasing to eight trains with 32 carriages from 2035 to 2050. Trains are expected to run 18 hours a day, from 5am to 11pm. In the early years, intervals between trains will be 60 minutes, reducing to 30 minutes from 2030./.
See more
Tracing origins hindered by fragmented data systems
As the Government accelerates the digital economy, establishing a unified national traceability system has become a crucial move to end data fragmentation and disconnection among ministries, sectors and localities.
Tax cuts poised to ignite Vietnam’s hybrid vehicle boom from 2026
Experts forecast that 2026-2030 will mark a period of strong growth for hybrid vehicles in Vietnam, a trend that will invigorate the automotive sector while supporting national objectives on emissions reduction, sustainable development and the broader transition to green mobility.
Hanoi approves two strategic projects to fuel long-term growth
Hanoi has approved in principle two major projects, including an Olympic sports urban area and a Red River Landscape Boulevard, aimed at driving long-term growth and reshaping the capital.
Vietnam - China International Trade Fair opens in Tuyen Quang province
The six-day fair hosts more than 240 booths operated by companies from both countries, showcasing farm produce, medicinal herbs, machinery and equipment, consumer goods, handicrafts, and opportunities in investment, trade and tourism as well.
“Made in Vietnam 2025” Fair draws nearly 100 businesses
At the fair, consumers and visitors can explore and purchase a wide range of specialties and OCOP (One Commune, One Product) products, spanning food items, traditional handicrafts, as well as textiles, garments and leather goods.
Vietnam targets 1 billion USD in banana exports
Bananas have been identified as a priority product under the Project for the Development of Key Fruit Crops to 2025, with a vision to 2030, approved in October 2022. Under the plan, banana acreage is projected to reach 165,000–175,000ha by 2030, with output of 2.6–3 million tonnes.
Vietnamese street vendors go cashless as QR payments surge 85%
What began in supermarkets has flooded into alleyways, noodle stalls, corner shops and late-night food carts. The disappearance of loose change and slow cash hand-offs is translating directly into higher turnover for micro-merchants.
Vietnam TECHFEST 2025: Advancing nationwide innovation ecosystem
An official has underlined the crucial role of social open innovation in national development, helping Vietnam address challenges such as the middle-income trap, population ageing, environmental pollution and urban pressures.
Vietnam aims for 181,000 ha of industrial parks by 2030
By 2030, the country plans to expand to 600 industrial parks, adding 35,000ha to reach 181,000ha, and expand industrial clusters from 1,100 to 2,000, with an additional 29,000ha of land.
Event connects Vietnamese businesses with African countries
Deputy Foreign Minister Nguyen Minh Hang held that to develop Vietnam – Africa ties more strongly and substantively, it is necessary to promote the engagement of businesses, and that the Government will create favourable conditions for them to enhance fruitful cooperation.
AIA Group envisions long-term investment, cooperation in Vietnam
Over 25 years of operation in Vietnam, AIA has achieved positive results. Its premium revenue ranks among the top five life insurers, reaching nearly 14.83 trillion VND (563.71 million USD) in 2024 and an estimated 15.73 trillion VND in 2025, equivalent to around 10% of the market share.
Forum discusses expanding foreign investors’ access to Vietnam's stock market
The State Securities Commission (SSC) has been meeting frequently with foreign investors and international financial institutions to gather feedback and adjust policies accordingly.
Ho Chi Minh City courts Japanese investment with growth blueprint
Ha underscored the pivotal contributions of Japanese firms, which have long supported local socio-economic progress through major infrastructure projects, industrial zones and workforce training courses. To date, Japanese companies have invested more than 15 billion USD in over 2,200 projects, reflecting sustained confidence and commitment to the market.
FDI inflows: Manufacturing remains the dominant sector
Vietnam attracted 33.69 billion USD in foreign direct investment (FDI) in the first 11 months of 2025, with manufacturing and processing continuing to draw the strongest interest from foreign investors.
Timely removal of obstacles for businesses in logistics, import-export activities needed
Based on feedback from the business community, Board IV recommended that the Prime Minister direct relevant ministries to continue reviewing and reforming administrative procedures, especially in areas of high priority such as attracting investment, industrial park development, logistics, and enhancing export-import facilitation.
Lao group urged to deepen energy ties with Vietnam
Deputy Prime Minister Bui Thanh Son has commended Phongsupthavy Group as one of Laos’ leading investors supplying electricity to Vietnam, noting its pledge to ramp up power exports and actively contribute to the implementation of energy cooperation agreements endorsed by senior leaders of the two Parties and States.
Malaysia firm discusses rice-husk power investment with Can Tho authorities
A meeting between representatives of the People’s Committee of Can Tho and Malaysia’s Technofit Sdn. Bhd. on December 11 focused on the company’s proposal to develop a 10MW rice-husk biomass power plant in the city.
Vietnam targets stable, high-quality supply chain for future rice exports
Sustainable rice export strategies were the focus of a conference held in Ho Chi Minh City on December 10, where the Import–Export Department under the Ministry of Industry and Trade assessed both the challenges and opportunities facing Vietnam’s rice exports in 2026.
Vietnam–Cambodia OCOP fair expected to boost cross-border trade
The fair offers an opportunity for Vietnamese and Cambodian enterprises to meet and promote their brands and speciality products to both domestic and international visitors, he added, noting that it also serves as a platform for trade connections, helping businesses seek partners, expand distribution networks and access the promising border market.
Ample room remains for Vietnam-Paraguay economic ties: Ambassador
Addressing a ceremony marking the 30th anniversary of the establishment of the bilateral diplomatic ties on December 11, Vietnamese Ambassador to Argentina and Paraguay Ngo Minh Nguyet affirmed that Vietnam, one of the fastest-growing economies in Asia, can become a strategic partner to help Paraguay expand its presence in the regional market.