Vingroup withdraws cross-country proposal to focus on regional high speed projects

VIETNAM: Industrial conglomerate Vingroup has submitted a letter to the government requesting to withdraw its investment registration for the 1,541 km north-south high speed railway between Hanoi and Ho Chi Minh City. Vingroup had submitted bids for this project in May 2025.

This decision marks a significant shift in Vingroup’s strategy as the company aims to concentrate its efforts on regional high-speed rail projects rather than pursuing the extensive cross-country initiative. The withdrawal from the north-south railway project reflects a reevaluation of investment priorities in the current economic climate.

Vingroup’s focus on regional projects may allow for more manageable investments and quicker implementation timelines. The company has not disclosed specific details regarding the regional projects it intends to pursue, nor has it provided a timeline for these initiatives.

The north-south high speed railway project has been a key component of Vietnam’s transportation infrastructure plans, aimed at enhancing connectivity between major cities. Vingroup’s withdrawal could impact the overall progress of this ambitious project, which has garnered attention from various stakeholders in the rail industry.

As Vingroup shifts its focus, the government may need to consider alternative investment options or partnerships to ensure the north-south railway project continues to move forward. The implications of this withdrawal on the broader rail network development in Vietnam remain to be seen.

source: railwaygazette.com