VinSpeed High-Speed Railway Investment and Development JSC has announced plans to begin construction of the Hanoi–Quang Ninh high-speed railway at the end of 2025, with commercial operations expected from the first quarter of 2028. The announcement came through the company’s environmental impact assessment (EIA) for the project.
The 120 km electrified line will connect Hanoi, Bac Ninh, Hai Phong, and Quang Ninh, serving 22 communes and wards. Key stations include Co Loa (Hanoi), Gia Binh (Bac Ninh), Yen Tu (Quang Ninh), and Ha Long, terminating at Tuan Chau Ward near Ha Long Bay. The railway is designed for speeds up to 350 km/hr, with a reduced 120 km/hr section within Hanoi.
VinSpeed plans to initially operate 4 trains with 16 carriages from 2028–2035, expanding to 8 trains (32 carriages) between 2035–2050, running 18 hours per day (5 am–11 pm). Early operations will maintain a 60-minute headway, reducing to 30 minutes from 2030. Passenger forecasts indicate over 15 million passengers by 2050.
The project’s total investment is VND138,930 billion (USD5.3 billion). VinSpeed, founded in May 2025 by billionaire Pham Nhat Vuong, holds 51 per cent ownership, with VIG (35 per cent) and Vingroup (10 per cent) as major stakeholders. The company is also involved in the proposed North–South high-speed railway, contributing 20 per cent of the capital (USD12.27 billion), with the remainder expected as a state loan over 35 years.
The government’s updated railway network plan emphasises early investment in lines connecting Hanoi–Dong Dang, Hai Phong–Ha Long–Mong Cai, Thap Cham–Da Lat, and An Binh–Saigon, along with upgrades to seven existing national lines and enhanced cross-border connectivity with China, Laos, and Cambodia.
