Germany-based Siemens has expressed interest in participating in Vietnam’s ambitious North-South high-speed rail (HSR) project and broader infrastructure development. The offer was made by Siemens’ Chief Technology and Strategy Officer during a meeting with the Government of Vietnam. Siemens, active in Vietnam since 1993 with offices and a manufacturing base, aims to deepen its investment in key sectors including transport, industry, and digital infrastructure. The VND1.7 quadrillion (USD67 billion) rail project will connect Hanoi to Ho Chi Minh City across 20 provinces.
The Government of Vietnam welcomed Siemens’ proposal and encouraged collaboration with relevant ministries and the Vietnam Railways Corporation. He reiterated that infrastructure is a key pillar of Vietnam’s development strategy, with plans to attract private capital through public-private partnerships. In addition to HSR, the government is exploring expanded rail connectivity with China to strengthen trade routes to Central Asia and Europe. Domestic giants such as VinSpeed and Thaco have also shown interest, marking the project as a magnet for both local and global investors.