Vietnam Approves $67 Billion High-Speed Railway Project for 5-Hour Trip from Hanoi to Ho Chi Minh City, Starting in 2027

Nov 30, 2024, 09:44 AM

Vietnam's parliament has approved a significant $67 billion high-speed railway project aimed at connecting its northern and southern provinces. The ambitious infrastructure initiative is expected to facilitate a rapid transit system that will reduce travel time between Hanoi and Ho Chi Minh City to approximately five hours by 2035. The project, which is part of a broader strategy to enhance the country's infrastructure and attract foreign investment, is set to commence construction in 2027. Alongside this railway project, Vietnam has also approved new laws concerning data and electricity, indicating a comprehensive approach to modernizing its infrastructure and regulatory framework.