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Saturday, July 13, 2024

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North-South express railway

High-speed rail – Why and how

According to the Vietnam Logistics Business Association (VLA), logistics costs account for 16.8% of Vietnam’s GDP, well above the world average of 10.7%. This figure is higher than that of Singapore (8.5%), Malaysia (13%), and Thailand (15.5%). Vietnam’s transport market Data showed that passenger and freight transport growth since 2000 has fared better than economic growth. But in the past 10 years, economic growth has accelerated but the transport sector has decelerated, which explains why transport costs in Vietnam are much higher than the world’s average. Regarding passenger transport between 1995 and 2019, based on the number of passengers and the length of travel (passenger-kilometers), road transport was the primary mode (62%), followed by air transport (34%). Railways (1%) and waterways (3%, mostly riverways) held an inconsiderable market share. In terms of purely the number of passengers, air transport accounted for 55 million out of the total number of 4.8 billion passengers in 2019, while the railway sector transported only 8 million passengers, or a respective market share of 1.2% and 0.2%. Meanwhile, 4.4 billion passengers, or 93%, opted for road transport. Putting these figures in perspective, it can be seen that passengers choose to travel by air for long […]
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Transport Ministry pushes for railway links to Long Thanh airport

HCMC - The Ministry of Transport has urged the Railway Project Management Board, the Airports Corporation of Vietnam (ACV), and Transport Engineering Design Incorporated...

Japan shows interest in Vietnam’s cross-country express railway

HCMC - Japan has expressed its interest in Vietnam's US$67-billion North-South express railway project and other major infrastructure developments. Speaking at a meeting with Vietnamese...

Vietnam’s Politburo wants infrastructure investment intensified

HCMC – The Politburo of the Party Central Committee has called for continued investment in vital infrastructure projects, especially expressways, North-South express railway, international...

Ministry urged to expedite preparations for North-South express railway project

HCMC – The State Appraisal Council has proposed the Ministry of Transport develop a special mechanism for the North-South express railway project to quicken...

HCMC seeks study on Thu Thiem Depot

HCMC - The HCMC authorities will propose the Government weigh including the Thu Thiem Depot project in the municipal general planning. Thu Thiem Depot, located...

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