Thaco to explore domestic high-speed train production in Vietnam

Thaco to explore domestic high-speed train production to reduce reliance on foreign suppliers and strengthen the railway sector in Vietnam. A proposed 1,541 km high-speed rail (HSR) network, spanning 20 provinces with 23 passenger stations and five cargo terminals, is set for completion by 2035.

The government backing for railway expansion, emphasises local technological self-sufficiency. Authorities require foreign contractors to integrate Vietnamese materials and services, while major domestic firms, including Hoa Phat and Deo Ca Group, have expressed interest in key infrastructure roles. The initiative aligns with Vietnam’s goal of fostering industrial growth and transport modernisation.