During a meeting on 29/1 concerning the investment policy for the Hanoi - Quang Ninh high-speed railway project, Quang Minh Cuong, secretary of Quang Ninh, emphasized its importance as a key infrastructure project for regional connectivity.
The project aims to establish a modern railway transport corridor linking Hanoi, Hai Phong, and Quang Ninh. This route will also integrate with the national high-speed railway network.
To expedite the project, the Quang Ninh secretary urged relevant departments to finalize procedures for the high-speed railway's groundbreaking in March.
According to the environmental impact assessment report released in 11/2025, VinSpeed proposed a total investment of 138,930 billion dong, or nearly 5,3 billion USD, for the Hanoi - Quang Ninh high-speed railway project. The company anticipates investment policy approval in QIV/2025, with construction taking 24 months. Trial operations are projected for late 2027, and commercial service is expected to begin in QI/2028.
The railway project spans approximately 120 km, traversing 22 communes and wards across four provinces and cities: Hanoi, Bac Ninh, Hai Phong, and Quang Ninh. It will feature a standard gauge of 1,435 mm and be electrified.
The line will originate at the National Exhibition and Convention Center in Dong Anh commune, Hanoi. It will then pass through Gia Binh station (Bac Ninh) and Yen Tu station (Quang Ninh), concluding at Ha Long terminal station, located within the Tuan Chau ward forest park. The designed speed for the line is 350 km/h, with a 120 km/h limit for the section within Hanoi.
VinSpeed, a Vingroup affiliate, plans to deploy four trains with 16 carriages between 2028 and 2035, expanding to eight trains with 32 carriages by 2050. These trains are expected to operate 18 hours daily, from 5h to 23h. Initially, VinSpeed projects a 60-minute interval between trains, which will be reduced to 30 minutes starting in 2030.
Billionaire Pham Nhat Vuong established VinSpeed in 5/2025, focusing on railway construction and manufacturing locomotives and carriages. Vuong holds a 51% stake in the company, while his sons, Pham Nhat Quan Anh and Pham Nhat Minh Hoang, each own one percent. Vingroup, Vietnam Investment Group (VIG), and other partners account for the remaining capital. The company's current charter capital is 15,000 billion dong.
