The National Assembly agreed to let the private sector invest in the North-South high-speed railway

PHẠM ĐÔNG |

The National Assembly agreed with the Government's proposal to allow private investment in the North-South high-speed railway project.

The above content is mentioned in the Resolution of the 9th Session of the 15th National Assembly approved by the National Assembly (433/433 delegates) at the closing session, which took place on the morning of June 27.

The Resolution of the 9th Session stipulates the addition of investment in high-speed railway projects on the North-South axis.

Accordingly, the National Assembly agreed with the Government's proposal in Submission No. 573/TTr-CP dated June 23, 2025.

Approving the addition of investment forms according to the Law on Investment under the public-private partnership and business investment under the Law on Investment for the high-speed railway project on the North-South axis in addition to the form of public investment.

Assign the Government to organize the selection of investment forms and investors according to regulations. In case there are other mechanisms and policies beyond the authority of the Government, the National Assembly will be reported for consideration and decision.

Quoc hoi thong qua Nghi quyet Ky hop thu 9 tai phien hop sang 27.6. Anh: Pham Dong
The National Assembly passed the Resolution of the 9th Session at the meeting on the morning of June 27. Photo: Pham Dong

In the submission to the Government to the National Assembly, the Government proposed that the National Assembly approve the addition of other forms of investment (such as: investment under public-private partnership - PPP, business investment...) to the high-speed railway project on the North-South axis, in addition to the form of public investment in the Resolution of the 9th session.

The Government will select investment forms and investors according to regulations; in case there are other mechanisms and policies beyond its authority, report to the National Assembly.

According to the Government, the North-South high-speed railway project was approved by the Politburo in principle for investment in the form of public investment and the National Assembly approved the investment policy and form of public investment in Resolution 172 dated November 30, 2024.

At this time, there are no investors interested in or proposing to invest in the project, however, after Resolution 68 on breakthroughs in private economic development was passed, during the project implementation process, the Government received investment proposals for the project from a number of investors. Investors are requested to invest in the form of private investment (direct investment).

According to the Government, for the form of investment under the public-private partnership and direct private investment, there is a sufficient political basis, legal basis, and practical basis.

Resolution No. 68 of the Politburo stipulates: " Expanding the participation of private enterprises in important national projects,... important national projects such as high-speed railways, urban railways...".

At the meeting on June 20, 2025, the Politburo agreed on the policy of adding other forms of investment (investment under the PPP method, business investment, ...) in addition to public investment, and assigned the Government Party Committee to coordinate with the National Assembly Party Committee to submit to the 15th National Assembly at the 9th Session for consideration and decision.

According to Clause 2, Article 37 of the Law on Public Investment, the addition of investment forms is not subject to the need to adjust the project investment policy. However, this is a different content from Resolution No. 172/2024/QH15 dated November 30, 2025 of the National Assembly, so the Government reports to the National Assembly for approval.

PHẠM ĐÔNG
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