The Government Electronic Information Portal has just compiled an article from the Lao Dong Electronic Newspaper on March 27 on "High-speed railway, an opportunity to master modern technology" to report to the Prime Minister for consideration and direction.
According to the article, experts say that the high-speed railway projects being implemented are all projects with large investment capital and are entirely capital owned by Vietnam, so it is necessary to prioritize the participation of domestic enterprises.
In terms of resources, many Vietnamese enterprises are not inferior to enterprises in the region. The State needs to have a special mechanism to promote technology transfer from international contractors to Vietnamese enterprises.
At the same time, issue additional incentive mechanisms such as tax reduction, credit incentives, and appointment of bids in some special cases.
This is the key for Vietnam to master high-speed railway projects, affirming its new position in the transportation industry...
Regarding the above issue, in document No. 2712/VPCP-CN dated April 1, 2025, Politburo member and Prime Minister Pham Minh Chinh assigned Deputy Prime Minister Tran Hong Ha to direct the Minister of Construction to study and propose full mechanisms and policies to serve as a basis for promoting rapid implementation of projects.
The projects include: high-speed railway on the North - South axis, Lao Cai - Hanoi - Hai Phong railway project, Lang Son - Hanoi railway project, Hai Phong - Ha Long - Mong Cai railway project.
Previously, on the evening of March 29, Prime Minister Pham Minh Chinh - Head of the Steering Committee for key projects and national important projects in the railway sector - chaired the first meeting of the Steering Committee.
The Prime Minister emphasized that we are determined to build a railway industry, master technology, produce carriages and locomotives, and develop a railway industrial ecosystem.
Directing solutions, the Prime Minister requested the formation and establishment of large corporations, including private corporations, related to the railway industry. If they exceed their authority, they should report to competent authorities for decision and amendment of relevant regulations.
Next is the solution to mobilize and diversify resources, including state capital, loans, issuance of construction bonds, public-private partnerships, TOD exploitation, etc., while strictly managing to avoid loss and waste.
