Hanoi to Ho Chi Minh City: New $60B High-Speed Rail Planned in Asia

The Vietnamese government is evaluating a $60 billion proposal to construct a high-speed railway from Hanoi to Ho Chi Minh City. If approved and completed, the high-speed railway would stand among Asia's largest infrastructure undertakings and sharply reduce travel times between Vietnam's capital and its southern business center.

Lawmakers had previously approved a $67 billion plan for the railway in November 2024, and earlier discussions occurred with China State Construction, China's largest construction firm, about possible involvement. Hanoi, Vietnam's capital, has a population of 8.7 million, while Ho Chi Minh City has a population of 9.9 million.
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The plans were submitted by Vinspeed, a company founded by Vietnamese billionaire Pham Nhat Vuong. They outline a 957-mile line that would, in theory, be delivered five years ahead of the government's earlier timeline.

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