In recent years, Vietnam has actively implemented reforms to promote rapid economic growth. Transportation infrastructure is an important foundation for supporting economic development. According to the Railway Network Plan 2021-2030 and the Vision Plan to 2050, which have just been approved by the Prime Minister of Vietnam, the basis for the railway sector in the next 10 years The investment required for the facility is up to 240 trillion VND (approximately US$10.5 billion). Economic experts believe that raising this amount of funds is not easy and requires serious consideration and a clear investment attraction mechanism.

The "Plan" gives priority to attracting investment for the two sections of the north-south high-speed rail from Hanoi to Vinh City and Nha Trang to Ho Chi Minh City. Nguyen Minghui, Director of the Planning and Investment Department of the Ministry of Transport, stated that the initial investment capital requirements for the Hanoi-Vinh and Nha Trang-Ho Chi Minh high-speed rail sections will exceed 112 trillion VND (approximately US$4.9 billion) from 2021 to 2030. But this fund only accounts for 20% of the funds required for the two sections of high-speed rail. In order to complete the above-mentioned high-speed rail, it is necessary to raise funds for the phase after 2030.

For such a huge demand for funds, the central fiscal budget accounts for 80%. The remaining 20% will be raised through public-private partnership (PPP).

The director of Vietnam’s General Administration of Railways, Wu Guangkui, said that some of the new railway lines leading to the sea port have received more attention from investors. The Tnp-MGi railway line project has been included in the investment roadmap for the two phases around 2030. The line belongs to the Yong Ang (Vietnam)-Vientiane (Laos) railway project, with a total investment of more than 5 billion U.S. dollars, of which nearly 1.6 billion U.S. dollars has been raised by Vietnam's PPP model.

Ruan Minghui said that the country still needs to play a leading role in the total infrastructure investment demand of the railway sector in the next 10 years of 240 trillion VND. In particular, the medium-term public investment funds for railways during 2021-2025 will be small, only slightly higher. 15.9 trillion VND. The remaining funds need to be concentrated in the period from 2026 to 2030. Among them, investment in North-South high-speed rail projects accounted for a relatively large amount during this period.

Ruan Minghui believes that it is necessary to mobilize new railway projects that are expected to be implemented in the end of 2026-2030, including railway lines connecting with international gateway ports such as LchHuyn in Haiphong City and Cái Mép in Ba Ria-Vung Tau Province. Local and private participation in investment. Editor/Xu Shengpeng