VinSpeed surveys in Bac Ninh for a 5.3 billion USD high-speed railway project
Bac Ninh - The Provincial People's Committee has just issued an official dispatch on coordinating and supporting the survey and design of the Hanoi - Quang Ninh high-speed railway project of VinSpeed Company.
Official dispatch sent to the Department of Construction; People's Committees of communes and wards: Tu Son, Tri Qua, Thuan Thanh, Mao Dien, Tram Lo, Gia Binh, Lam Thao, Luong Tai, Trung Kenh and VinSpeed High-speed Railway Investment and Development Joint Stock Company (abbreviated as VinSpeed Company - PV).
Accordingly, the People's Committee of Bac Ninh province received an official dispatch dated December 16, 2025 from VinSpeed Company on supporting the implementation of a construction survey to serve the research and design of the Hanoi - Quang Ninh high-speed railway project.
Vice Chairman of the People's Committee of Bac Ninh province Ngo Tan Phuong assigned agencies and units to proactively coordinate and support the survey and design of the Hanoi - Quang Ninh high-speed railway project based on their functions, tasks and management scope according to the proposal of VinSpeed Company.
VinSpeed Company proactively contacts and coordinates with agencies and localities in Bac Ninh province for timely support. At the same time, organize the implementation of related work to ensure compliance with legal regulations.
VinSpeed Company was founded by billionaire Pham Nhat Vuong in May, mainly operating in railway construction, production of locomotives, carriages, etc.
This enterprise plans to deploy the Hanoi - Quang Ninh high-speed railway.
The project is about 120 km long, passing through 22 communes and wards of 4 provinces and cities including Hanoi, Bac Ninh, Hai Phong and Quang Ninh. This high-speed railway line has a gauge of 1,435 mm, electrification.
According to VinSpeed's proposal, the total investment for the Hanoi - Quang Ninh high-speed railway project is about 138,930 billion VND, equivalent to nearly 5.3 billion USD (according to the exchange rate at Vietcombank on October 31).
The company expects the project to be approved for investment in the fourth quarter of 2025, and constructed within 24 months (the fourth quarter of 2025 - the fourth quarter of 2027). The project can be tested at the end of 2027 and put into commercial operation from the first quarter of 2028.
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