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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
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  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
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Ho Chi Minh City
Monday, July 14, 2025

South Korea shows interest in express railway investment in Vietnam

The Saigon Times

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HCMC – South Korea’s Minister of Land, Infrastructure and Transport (MOLIT), Park Sang Woo, expressed interest in collaborating with Vietnam in the infrastructure sector, including high-speed railways, during a recent meeting with Deputy Minister of Transport Nguyen Xuan Sang.

Minister Park praised Vietnam’s rapid development and expressed South Korea’s interest in stronger cooperation in transportation with Vietnam.

To formalize future collaboration, the Ministry of Transport and South Korea’s MOLIT signed a memorandum of understanding (MOU) on transportation infrastructure, particularly express railways.

Vietnam’s Ministry of Transport needs South Korea to share expertise in the development and operation of urban railways and expressways, and to support Vietnam in technology transfer and management of high-speed railway systems, thereby enhancing Vietnam’s railway industry.

Minister Park proposed that both countries consider expanding the MOU to encompass specific sectors such as railways, roads, aviation, and maritime transport in the near future.

South Korea, following Japan, is one of the leading countries in Asia in developing high-speed railways. It also serves as a model for technology transfer and localizing industry to support high-speed railway development.

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