Topic
28 stories in this topic
South Korean company Hyundai Rotem, a subsidiary of the Hyundai Motor Group, has entered into a technology transfer agreement with Thaco, a Vietnamese automaker. The deal will enable Thaco to manufacture rolling stock for metros and high-speed railway systems…
In a significant move for infrastructure development, the National Assembly of Vietnam has paved the way for private investment in the ambitious North-South high-speed rail project by approving two new development models: public-private partnerships and fully…
In a compelling dialogue at the 16th Annual Meeting of the New Champions, held by the World Economic Forum in Tianjin, China, Siemens’ Chief Technology Officer and Chief Strategy Officer, Peter Keotre, presented an ambitious invitation to Vietnam’s Prime…
VinSpeed, a company established by Vietnam’s wealthiest individual, Pham Nhat Vuong, has unveiled an ambitious plan to construct a North–South high-speed railway, projected to cost a staggering VND1.56 quadrillion (US$61 billion). This monumental project aims…
The National Assembly has approved plans for the Lao Cai-Hanoi-Hai Phong railway, which links to the border with China, at a cost of US$8.37 billion or $15.96 million per kilometer. The cost per kilometer is similar to that of other projects in the region,…
Work on a 1,500-kilometer high-speed rail link between the northern and southern regions will start in 2026 or 2027, Minister of Transport Nguyen Van Thang has said. Vietnam hopes to partner with China in building the railroad and rolling stock and setting up…
The Hanoi Railway Transport Joint Stock Company has reported record after-tax profits of VND54 billion (US$2.2 million) mainly due to a nonrecurring revenue item, interest in bank deposits. It received interest of VND245 billion on deposits, but also managed…
Train operator Vietnam Railways expects to earn a profit this year after posting losses in three previous years due to the impact of Covid-19. The company predicts a post-tax profit of VND3 billion ($127,960) and a revenue of over VND6.5 trillion. In the…
Vietnam’s railway network planning expects to have 16 new national lines with a total length of about 4,802km by 2030. According to the Ministry of Transport, the planning for 2021-2030 will also upgrade seven existing lines, whose total length amounts to…
The Ministries of Planning and Investment and Transport will study the possibility of building high-speed rail across Vietnam to transport both passengers and cargo. The dual-gauge railway, with design speeds of 250 kilometers per hour and operational speeds…
Vietnam is considering building a high-speed railway that runs along the country’s length with a possible price tag of up to $58.7 billion, the government said on Sunday. The Southeast Asian country’s transport ministry will next month submit a proposal to…
Tesla is not the only company that’s run by Elon Musk. In fact, Musk used some of the money he made with SpaceX to invest in Tesla to eventually gain control of the electric car maker. And SpaceX has also been categorized by Musk as some of the most important…
Vietnam Railways (VNR) is seeking a VND800 billion ($34.82 million) loan to fund operations amid plummeting demand for its services because of the Covid-19 pandemic. The state-owned company has requested the government for the funds, saying that if the…
Starbucks Japan has launched a new concept store in collaboration with railway operator JR East. The “Starbucks Coffee Takanawa Gateway Station” opened yesterday, introducing its Smart Lounge concept – a store space focused on business use. The store features…
East Japan Railway Co. is expanding its operations into Singapore with new JR East metro station stores launching in island’s metro stations. The firm is planning to set up store clusters at 27 out of the 32 stations on the Thomson-East Coast Line, which will…
Parkson Retail Group is preparing to occupy a complex above Nanjing Railway Station in Chinese Jiangxi. The group, a Hong Kong-listed firm controlled by Malaysian Parkson Holdings Bhd, won its US$6.1 million bid for the tenancy of buildings above the Bayi…
