7 investors would change the face of Hanoi railway network
According to Hanoi’s People Committee, 5 domestic investors and 2 foreign investors have just registered for investing in urban railway projects in Hanoi.
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In details, those 7 investors are Vingroup; Xuan Thanh Cooperation; Lung Lo 5 Company; OJSC Mosmetrostroy (Russia); Tan Hoang Minh Group, Licogi Company and MIK Group Joint stock company; Lotte Group (Korea).
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In the climate of numerous difficulties in investment source, Hanoi proposed for approval from the government to carry out urban railway project in form of public-private-project (PPP).
Hanoi government also asked Vietnamese Prime Minister for approval to directly cooperate with Ministry of Transportation, Ministry of Finance, and Ministry of Construction to select the suitable projects and then report to Vietnam’s state government. On basement of reviewing Transportation – Urban Plan of Hanoi, the municipal government petitioned Prime Minister to allow Hanoi, in period of 2017-2020, to invest in constructing railway routes and partial railway routes including: Route 2 from Noi Bai Airport to Nam thang Long, partial route from Thuong Dinh to Buoi; Route 5 from Van Cao to Hoa Lac, Route 3 from Nhon to Troi to Dan Phuong.
Hanoi government also asked Vietnamese Prime Minister for approval to directly cooperate with Ministry of Transportation, Ministry of Finance, and Ministry of Construction to select the suitable projects and then report to Vietnam’s state government. On basement of reviewing Transportation – Urban Plan of Hanoi, the municipal government petitioned Prime Minister to allow Hanoi, in period of 2017-2020, to invest in constructing railway routes and partial railway routes including: Route 2 from Noi Bai Airport to Nam thang Long, partial route from Thuong Dinh to Buoi; Route 5 from Van Cao to Hoa Lac, Route 3 from Nhon to Troi to Dan Phuong.
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12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
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18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
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16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
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10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
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17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
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21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
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