VinSpeed and Siemens Mobility sign turnkey deal for Vietnam high-speed rail
- Country
- Hanoi – Quang Ninh; Ho Chi Minh City (Ben Thanh – Can Gio) · 🇻🇳 Vietnam
- Project
- High-speed lines Hanoi–Quang Ninh (121 km) and Ben Thanh–Can Gio (54 km)
- Investment
- Contract value of up to EUR 1 billion
- Status
- Turnkey contract signed (22 September 2026); groundbreaking on Hanoi–Quang Ninh on 12 April 2026
- European role
- Siemens Mobility (DE) · Industry
Siemens Mobility acts as technology partner, supplying ten Velaro Novo trains plus communications and electrification systems (ATO over ETCS Level 2); VinSpeed is responsible for project development, track and construction work.
VinSpeed (Vingroup) and Siemens Mobility have signed a turnkey contract worth up to EUR 1 billion for the Hanoi–Quang Ninh and Ben Thanh–Can Gio lines; Siemens will supply ten Velaro Novo trains with communications and electrification systems. Ground was broken on the roughly 120 km Hanoi–Quang Ninh line on 12 April 2026, and work on the Ho Chi Minh City line began in December 2025; completion of both is expected in the fourth quarter of 2028 (LOK Report, 22 Sep 2026).
Source: lok-report.de ↗ · Archived copy ↗
Further sources: lok-report.de (17 Apr 2026) ↗ (Archived copy ↗)
Evidence: one source · archived copy saved · How well sourced is Eurotrack?
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