Business

Vingroup’s VinSpeed inks high-speed rail deal with Siemens Mobility

Under the pact, Siemens Mobility, a supplier of high-speed rail technologies and solutions, will design, supply and integrate trainsets and key railway subsystems, including signaling, communications and power supply. It will also cooperate in maintenance for supplied equipment and transfer technology to support VinSpeed’s rail projects.

Illustrative image (Photo: VinSpeed)
Illustrative image (Photo: VinSpeed)

Hanoi (VNA) - VinSpeed, an infrastructure arm of Vietnamese conglomerate Vingroup, signed a strategic partnership and technology transfer agreement on high-speed rail development with Siemens Mobility GmbH, a subsidiary of Germany’s Siemens AG, in Hanoi on December 17.

Under the pact, Siemens Mobility, a supplier of high-speed rail technologies and solutions, will design, supply and integrate trainsets and key railway subsystems, including signaling, communications and power supply. It will also cooperate in maintenance for supplied equipment and transfer technology to support VinSpeed’s rail projects.

Both sides also entered into a framework agreement on the supply of trains and relevant systems for the planned Hanoi–Quang Ninh high-speed line and the Ben Thanh–Can Gio route.

Siemens Mobility plans to supply its Velaro Novo trainsets, its latest-generation high-speed platform. Velaro Novo is a distributed-power electric multiple unit with a maximum operating speed of 350 km/h. Its wider carbody and optimised “empty tube” architecture deliver at least 10% greater passenger capacity than prior models and others currently in service, boosting comfort and per-trip revenue potential for operators.

Energy consumption is about 30% lower than earlier generations, helping curb emissions and operational costs. The platform also features superior gradient-climbing performance, suiting it to varied landscapes ranging from mountains and urban zones to coastal areas.

The Velaro Novo incorporates ETCS Level 2 signaling paired with Automatic Train Operation (ATO). This setup improves safety, optimises power usage and enables higher service frequency, meeting the efficiency needs of the future Hanoi-Quang Ninh and Ben Thanh-Can Gio high-speed rail lines.

Michael Peter, CEO of Siemens Mobility GmbH, said the turnkey project, combining state-of-the-art rail infrastructure technology with advanced rolling stock, is poised to transform rail travel for millions of people. It would considerably improve passenger experience and quality of life, while unlocking broader industry opportunities and fueling sustained growth in regional economy, tourism and industry.

As part of Vingroup's infrastructure pillar, VinSpeed was established with the mission to pioneer the development of high-speed rail and modern transport infrastructure projects in Vietnam./.

VNA
#VinSpeed #Vietnamese conglomerate Vingroup #Velaro Novo Germany Vietnam
Follow VietnamPlus

Vietnam - New era

Related News

See more

Individuals should proactively monitor their credit data to detect signs of identity theft in a timely manner. (Photo: baodautu.vn)

Early warning: A crucial defence against identity theft, credit fraud

ID365 aims to help users monitor and control any changes related to their personal identification information. It serves as an "early warning" system, empowering individuals to proactively safeguard their identities and assets, while also strengthening the defences of the entire financial and banking system against increasingly sophisticated fraud risks.

Workers sew export garments at Maxport Vietnam Co.Ltd (Photo: VNA)

Garment industry diversifies markets to weather global volatility

The sector is striving to generate 46 billion USD in export revenue this year. Although the figure falls short of the 48 billion USD target, it still represents a 5.6% year-on-year increase, helping Vietnam maintain its position among the world’s top three textile and garment producers.

Reference exchange rate rises (Photo: VNA)

Reference exchange rate going up

The State Bank of Vietnam set the daily reference exchange rate at 25,151 VND/USD on December 18, up 5 VND from the previous day.

Vice Chairman of the People’s Committee of Quang Ninh province Nguyen Van Cong chairs the meeting regarding sustainable marine aquaculture development for 2026 (Photo: baoquangninh.vn)

Quang Ninh eyes sustainable marine aquaculture development

Speaking at a December 17 meeting regarding sustainable marine aquaculture development for 2026, Vice Chairman of the People’s Committee of Quang Ninh province Nguyen Van Cong urged the provincial Department of Agriculture and Environment to urgently finalise the draft plan, which will serve as a basis for focusing on the development of marine aquaculture in the coming period; and take the lead in coordinating with localities to review and adjust the planning of marine aquaculture areas, with an emphasis on encouraging the efficient use of marine areas suitable for aquaculture, in line with environmental impact assessments.

Mirela Janice Eidt, head of the Office of Brazilian Ministry of Agriculture and Livestock (MAPA), speaks at the event (Photo: Vietnamese Embassy in Brazil)

Vietnam, Brazil enhance smart agriculture ties

Amid escalating global pressures, including climate change, resource scarcity and tougher standards on food safety, traceability and low-carbon production, smart agriculture and sustainable value chains are no longer optional but inevitable. With both Vietnam and Brazil prioritising this development path, they see strong potential for deeper long-term strategic collaboration.

Contractors paving asphalt along the 61.7km Quy Nhơn–Chí Thạnh Expressway, crossing Gia Lai and Đắk Lắk provinces.(Photo: VNA)

Vietnam targets 5,000km of expressway by 2030

According to the Ministry of Construction, Vietnam brought just 89km of expressways into operation between 2001 and 2010, followed by 1,163km in the 2011–20 period. By contrast, the length of expressways invested in since 2021 alone is equivalent to the combined total of the previous decade.

Thousands of perfumes and cosmetic products of unknown origin are seized by Hanoi's authorities (Photo: VNA)

Vietnam cracks down on 23,000 market violations in 2025

The Ministry of Industry and Trade's Domestic Markets Department reported that market management forces conducted 27,540 inspections throughout 2025, detecting violations worth nearly 290 billion VND – a 31.8% decrease from 2024.

The upcoming Made-in-Vietnam fair in Hanoi from December 18-22 will feature product display areas, business networking spaces, and food courts. Illustrative photo: VNA)

Vietnam Brand Week to promote e-commerce, Made-in-Vietnam products

Co-organised by the Vietnam E-Commerce and Digital Economy Agency and the Hanoi Department of Industry and Trade, the event series includes a supply-demand connectivity conference to promote the consumption of Vietnamese and local products on e-commerce and digital platforms, alongside a Made-in-Vietnam fair.

Cat Lo Fishing Port in Phuoc Thang ward, Ho Chi Minh City. (Photo: VNA)

HCM City earmarks over 2.54 million USD for fisheries transition

The project targets the conversion of around 6% of the city’s fishing fleet, focusing on nearshore and inshore vessels and part of the offshore trawler fleet, towards fishing methods with lower environmental impact, including hook-and-line, gillnets, purse seines, traps and cages, as well as fisheries logistics services.

LS Eco Energy factory (Photo: Iscns.co.kr)

RoK company expands rare earth metal production in Vietnam

LS Eco Energy, a company specialising in renewable energy and rare earth elements under the Republic of Korea (RoK)'s LS Cable & System, has approved a plan to expand its rare earth metal business in Vietnam, in a bid to seek long-term growth in the strategic materials sector.

Prime Minister Pham Minh Chinh speaks at the fourth meeting of the Central Steering Committee for Housing Policy and Real Estate Market on December 17. (Photo: VNA)

PM calls for stronger efforts to meet housing demand, ensure people's right to housing

PM Chinh noted that the real estate and housing market showed positive changes in 2025. With the engagement of the entire political system and society, Vietnam completed the elimination of temporary and dilapidated housing nationwide with more than 334,000 units, five years ahead of schedule. Nonetheless, continued efforts are needed to ensure no one is left without shelter.

Officers of the Hon Gai port border gate guard station coordinate inspections and handle vessels engaged in illegal fishing activities in Ha Long Bay. (Photo: Quang Ninh Newspaper)

Quang Ninh province strengthens fishing vessel controls

In the coming period, Quang Ninh will continue to implement government and ministerial directives on combating IUU fishing, contributing to efforts to meet the EC’s recommendations and move toward the lifting of the yellow card warning against Vietnam’s seafood exports.