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Vingroup withdraws bid for North–South high-speed railway project

In the document dated December 25, Vingroup asked to retract the investment registration it had submitted to the Government in May 2025. The group said the decision was made after careful consideration to ensure maximum focus of capital, manpower and implementation capacity on strategic infrastructure projects recently assigned to it.

Illustration of the North–South high-speed railway project (Photo: TEDI–TRICC–TEDI SOUTH consulting consortium)
Illustration of the North–South high-speed railway project (Photo: TEDI–TRICC–TEDI SOUTH consulting consortium)

Hanoi (VNA) – Vingroup has officially submitted a document to the Government requesting to withdraw its registration to invest in the North–South high-speed railway project, citing the need to concentrate resources on other key infrastructure and energy projects.

In the document dated December 25, Vingroup asked to retract the investment registration it had submitted to the Government in May 2025. The group said the decision was made after careful consideration to ensure maximum focus of capital, manpower and implementation capacity on strategic infrastructure projects recently assigned to it.

Among these is the Olympic Sports Urban Complex in Hanoi, covering more than 9,000 ha, with its centrepiece being a cluster of high-quality sports facilities, including the Trong Dong stadium, envisioned as the largest of its kind in the world. Described as a project of national significance entrusted by the Government, the development is expected to showcase Vietnam’s cultural identity on the global stage, prompting Vingroup to prioritise resources to ensure progress and quality commitments are met.

Alongside the complex, Vingroup has also been designated as the investor for several major transport infrastructure projects, including the Ben Thanh–Can Gio and Hanoi–Quang Ninh high-speed railways.

In addition, the group is accelerating the rollout of a series of large-scale industrial, energy and infrastructure projects, such as the VinMetal steel manufacturing plant, two wind power plants in Ky Anh, Ha Tinh province, the Hai Phong LNG thermal power plant, and the Can Gio coastal megacity. These projects, which require substantial capital, time and implementation capacity, are expected to contribute significantly to upgrading national infrastructure and production capabilities.

Meanwhile, the North–South high-speed railway project has attracted strong interest from many other capable and experienced investors, including THACO Truong Hai, Railways Transport JSC, and Vietnam Investment and Development Group.

Vingroup stressed that its decision to withdraw will not affect the overall implementation of the North–South high-speed railway project. The move was described as a proactive and responsible step aimed at ensuring the effective delivery of projects already entrusted to the group, thereby contributing to the development of modern and sustainable transport infrastructure, renewable energy and urban systems, enhancing national competitiveness and improving the quality of life for Vietnamese people./.

VNA
#Vingroup #North–South high-speed railway project #Olympic Sports Urban Complex #infrastructure and energy projects
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