Speaking at the seminar "High -speed railway North - South: Opportunities for the private economy to be broken in the new era" organized by the Rural Newspaper today on May 14, Mr. Chu Van Tuan, Deputy Director of Railway Project Management Board, Ministry of Construction, said that the unit has just invited the project management consultancy package for the preparation of the project under the high -speed railway project on the North -South axis.
It is known that the package is worth more than 245 billion. Expected to open for bid in June 2025.
Speaking at the seminar, Mr. Tran Thien Canh, Director of Vietnam Railway, said that after the National Assembly issued Resolution No. 172/2024/QH15 on the investment policy of the North-South high-speed railway project, the Ministry of Construction planned three stages including feasible reports, ground clearance and contractor selection. This is one of the projects with the largest investment, it is necessary to have specific policy mechanisms. The Prime Minister also asked the agency to soon complete the Resolution to unify the specific mechanism for all rail projects.
On the enterprise's side, Mr. Ho Duc An, Technical Director, FECON Joint Stock Company, said that more than 10 years ago, the Corporation established a subsidiary specializing in urban railway construction. We have invested a lot in resources, especially human resources, through the training and recruitment of PhDs and master's degrees trained in developed countries such as France, Germany, Korea, Japan and China.
However, we also see that to participate in large railway projects, Vietnamese enterprises need to improve their capacity to implement very large-scale projects, super projects. That is the gap that we need to support and Vietnamese enterprises must also explore and develop to be able to implement large-scale international projects.
In order to create conditions for Vietnamese enterprises to participate in the North-South high-speed railway project in the coming time, Mr. Ho Duc An suggested that the Government create favorable conditions for enterprises regarding a number of mechanisms related to urban development around railway projects to exploit the potential; remove practical obstacles such as legal procedures and mechanisms for investors. Create conditions for businesses in material mining.
Resolution 68 of the Politburo on private economic development and the investment policy for the North-South High-Speed Railway project in the form of public investment, with a total investment of more than 67 billion USD, have opened a new era for domestic private enterprises to break through.
The North-South high-speed railway project is starting not only as a national infrastructure program, but also as a strategic test of the ability of the private sector to participate extensively in large public works.
On December 19, 2024, the National Assembly officially approved Resolution No. 172/QH15, establishing an investment policy for the North-South high-speed railway line. Less than four months later, on April 23, 2025, the Government continued to issue Resolution 106/NQ-CP to concretize the National Assembly's resolution implementation plan emphasizing the dual-use of the system: both serving passenger transport and being able to support freight transport and ensuring national defense and security when needed.
In a move showing fierce, the Government requested to complete the contractor selection and sign the contract before December 31, 2026, the time of expected to start the project. The goal is not only to complete the route longer than 1,500 km connecting the two heads of the country, but also to set up a large -scale domestic industrial supply chain with the participation of domestic enterprises.
Unlike previous major projects, this time the Vietnamese Government issued a clear message: domestic private enterprises are not only invited to participate, but are expected to take on a central role in many stages - from material supply, infrastructure construction, equipment production to operation and maintenance of the entire system.
The list of potential enterprises has begun to form, including Hoa Phat Group, FECON, Phuong Thanh Transport Investment and Construction Joint Stock Company, and many other technology and financial contractors. Major commercial banks are also placed in a key position in the capital structure and credit guarantees for contractors.
