This information was announced by Vinspeed High-Speed Railway Investment and Development Joint Stock Company on the National Business Registration Portal. The company's shareholder structure remains unchanged.
Pham Nhat Vuong, founder and chairman of Vinspeed's board of directors, contributed capital to the company twice with 135.6 million VIC shares in June and July. These shares were valued at approximately 12,750 billion VND at the time of transfer.
In addition to increasing capital, the railway company is also recruiting for a variety of positions, including project finance director, senior BIM engineer, BIM department head, and senior technology transfer specialist. A Vinspeed representative said the company is stepping up recruitment to implement the Ho Chi Minh City - Can Gio and Hanoi - Quang Ninh high-speed rail lines. For the North-South railway project, the company is awaiting the government's decision to approve the investor.
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High-speed train running the Jakarta - Bandung (Indonesia) route. Photo: CGTN |
High-speed train running the Jakarta - Bandung (Indonesia) route. Photo: CGTN
Vinspeed, founded by Pham Nhat Vuong in May, operates primarily in railway construction, locomotive production, and carriage manufacturing. Vingroup's chairman holds a 51% stake in the company.
Vietnam Investment Group (VIG) owns 35% of Vinspeed, and Vingroup owns 10%. Pham Nhat Vuong's two sons, Pham Nhat Quan Anh and Pham Nhat Minh Hoang, each hold a 1% stake.
In May, Vinspeed proposed investing in the North-South high-speed railway with a total capital of approximately 61.35 billion USD, equivalent to about 13% of Vietnam's GDP by the end of 2024. The company expects the project to be completed in five years.
According to the proposal, the company will be responsible for arranging 20% of the project's total investment capital, equivalent to about 12.27 billion USD. For the remaining 80%, the company will borrow from the state without interest for 35 years from the disbursement date. They will repay the state the entire loan after 35 years, while experts estimate the project's payback period could be up to 70 years. Vinspeed also requested special designation as the investor for urban area and real estate projects near the railway stations.
Trong Hieu
