Siemens expresses intent to construct Vietnam's North-South high-speed railway infrastructure
Fresh Take:
🗓️ June 27, 2025 – Siemens Keen on Vietnam's North-South High-Speed Railway
German tech behemoth Siemens is ready to roll into Vietnam, expressing keen interest in constructing the country's coveted North-South high-speed railway. This announcement was revealed during a meeting with Prime Minister Pham Minh Chinh at the World Economic Forum's Annual Meeting of the New Champions in Tianjin, China.
Boasting a diverse portfolio in industry, infrastructure, transportation, and healthcare, Siemens reported a whopping €75.9 billion (US$89 billion) in revenues last year and has been a staple in Vietnam since 1993, with offices in Hanoi, Da Nang, Ho Chi Minh City, and a manufacturing facility in Binh Duong Province.
Welcoming Siemens with open arms, Prime Minister Chinh particularly acknowledged the company's interest in the North-South high-speed rail project, a mammoth 1,541-km undertaking expected to cost US$67 billion and connect Hanoi with Ho Chi Minh City, passing through 20 provinces and cities. Approved by the Vietnamese parliament in November 2024, several companies, both foreign and domestic, have shown interest, including VinSpeed and automaker Thaco.
Parliament Approves North-South High-speed Railway Steaming Ahead
September 26, 2024 – It's full steam ahead for Vietnam as its North-South High-Speed Railway construction received a thumbs up from the parliament. The 30-hour long railway journey from Hanoi to Ho Chi Minh City is set to be halved, making travel a breeze and raising Vietnam's reputation among potential foreign investors.
Key for restructuring transport in the country and a stepping stone for Vietnam's leap to growth, the Minister of Transport highlighted the necessity for quicker alternatives on the north-south corridor. The 1,500-km project is expected to run from Lang Son in the north and end in Ca Mau, connecting the two most urbanized areas in the country.
Recently, Vietnam's Commission for the State Management Capital (CMSC) extended an invite to the Chinese contractor, China State Construction Engineering Corporation (CSCEC), to build this mega project, putting confidence in CSCEC's long-standing involvement in other Vietnam projects.
Vietnam's North-South High-Speed Railway Project – A Game-Changer
This project is set to revolutionize Vietnam's transportation sector, significantly reducing travel time, fostering regional and inter-regional connectivity, promoting economic growth, and enhancing competitiveness. However, infrastructure in Vietnam remains poor, with underdeveloped road and railway networks.
Vietnam's North-South High-Speed Railway factsheet:
- Name: Vietnam's North-South High-Speed Railway
- Location: Starting from Lang Son and ending in Ca Mau, connecting Hanoi in the North with Ho Chi Minh City in the South
- Cost: Approximately $67.34 billion
- Length: 1,541 kilometers
- Completion date: By 2035
- Number of stations: 28 stations (23 passenger stations and 5 cargo stations)
Stay tuned for more updates on this exciting venture! Also check out:
- The Asia-Europe Connectivity Project: Iraq’s Mega $17 Billion "Development Road" Project
- Indonesia's High-Speed Railway Pioneering Southeast Asia's Transport Revolution
[1] The Asia-Europe Connectivity Project: Iraq's Mega $17 Billion "Development Road" Project[2] Indonesia's High-Speed Railway Pioneering Southeast Asia's Transport Revolution[3] Vietnam's Trans-Asian Railway Project[4] Vietnam: North-South high-speed railway project to start in 2027 – VIR[5] VinFast wants to dominate Vietnam's high-speed railway construction
- The North-South high-speed railway project in Vietnam, a mammoth undertaking expected to cost US$67 billion, is set to be a game-changer for the country's transportation sector, promoting economic growth and enhancing competitiveness.
- To construct this mega project, Siemens, a global leader in engineering and infrastructure, has expressed keen interest, bringing their expertise in industry, transportation, and healthcare to the table.
