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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.
  • Your subscription will continue until you cancel.
  • 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
Tuesday, July 15, 2025

Vietnam’s legislature greenlights rail link with China

The Saigon Times

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HCMC – The National Assembly (NA) has approved an investment policy for a railway connecting Lao Cai, Hanoi, and Haiphong in northern Vietnam, aiming to enhance trade and transport connectivity with China, reported the Vietnam News Agency.

The project, with an estimated cost of VND203.2 trillion, will pass through nine provinces and centrally-governed cities, including Lao Cai, Yen Bai, Phu Tho, Vinh Phuc, Hanoi, Bac Ninh, Hung Yen, Hai Duong, and Haiphong. It will start at the new Lao Cai station, connecting with China’s Hekou North station, and end at Lach Huyen Port in Haiphong City.

The 390.9-kilometer railway will feature a 1,435mm track and accommodate both passenger and freight transport. Trains will operate at speeds ranging from 80 to 160 km/h. The project includes 27.9 kilometers of branch track and will use electrified rail technology.

Funding sources will include government bonds, official development assistance (ODA), and budget savings, with no impact on the fiscal deficit. Preferential foreign loans will be utilized according to regulations without requiring additional project proposals.

Local authorities will oversee land use and infrastructure planning around stations. In cases where new zoning plans conflict with previous ones, railway-related zoning will take precedence. Provincial councils will finance land clearance and resettlement efforts.

Half of the revenue from land near railway stations will go to local governments, while the remainder will be allocated to the central budget.

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