VinSpeed has proposed building a VND86.65 trillion (US$3.3 billion) high-speed rail line linking downtown Ho Chi Minh City’s Ben Thanh area with the coastal mangrove area of Can Gio, aiming to begin commercial operations by 2028.
The project, spanning 53 kilometers, will have a design speed of 350 kilometers per hour, with two stations initially and another two added later if demand rises, according to a proposal to the government.
VinSeed, founded by Vietnam’s richest man Pham Nhat Vuong, aims to complete the feasibility study by the end of this year and if the project is approved, work will begin immediately with trial runs expected in the fourth quarter of 2027 and commercial operation in early 2028.
The company plans to operate trains with eight carriages, accommodating up to 600 passengers per trip.
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Can Gio suburban mangrove area in HCMC, October 2025. Photo by VnExpress/Quynh Tran |
Service is expected to run daily from 6:00 a.m. to 11:00 p.m., with a train around every 20 minutes in both directions, equivalent to 43,680 passengers a day or 15.9 million a year.
VinSpeed, founded by billionaire Vuong in May, operates in railroad construction and rolling stock manufacturing.
Vuong owns 51% of the company and the rest is owned mostly by Vuong-controlled Vietnam Investment Group (35%) and his flagship company Vingroup (10%).
Earlier this month it proposed building a Hanoi-Ha Long Bay high-speed rail at a cost of VND138.93 trillion (US$5.3 billion) and begin operating it by 2028.
It had earlier sought to be the developer of the high-speed line between Hanoi and HCMC spanning 1,541 kilometers.
