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VinSpeed Excessive-Velocity Railway Funding and Growth Joint Inventory Firm, a unit of Vietnam’s Vingroup conglomerate, has signed a strategic cooperation and know-how switch settlement with Siemens Mobility GmbH to advance high-speed rail improvement in Vietnam. The accord, agreed in Hanoi on December 17, establishes a framework for know-how switch, design and provide of rail methods, and potential upkeep cooperation between the 2 companies.
Underneath the settlement, Siemens Mobility, a subsidiary of Germany’s Siemens AG, is tasked with designing, supplying and integrating high-speed rolling inventory and key subsystems together with signalling, telecommunications, and energy provide infrastructure. The businesses additionally signed a associated framework settlement to supply gear for deliberate high-speed routes between Hanoi and Quang Ninh within the north and between Ben Thanh in Ho Chi Minh Metropolis and Can Gio within the south.
Siemens Mobility is predicted to provide Velaro Novo trainsets, the corporate’s newest high-speed platform designed to function at speeds as much as 350 kilometres per hour. In response to public data, the trains characteristic technical upgrades aimed toward greater passenger capability and diminished power consumption in contrast with earlier fashions, and are geared up with ETCS Stage 2 signalling and computerized prepare operation methods.
The settlement situates VinSpeed inside a broader push to develop high-speed rail infrastructure in Vietnam. Earlier in 2025, the corporate proposed a multibillion-dollar plan to develop the North–South high-speed railway, a undertaking that may span greater than 1,500 kilometres and has been estimated to require upwards of US$61 billion in funding. The proposal included plans for know-how switch partnerships and native workforce improvement.
VinSpeed has additionally superior planning for particular strains. A separate proposal launched in late 2025 outlined intentions to start building on the Hanoi–Quang Ninh line by the tip of the yr, aiming for industrial operations by early 2028, and to construct a high-speed connection between downtown Ho Chi Minh Metropolis and Can Gio with the same timeline.
Vingroup established VinSpeed as a part of its infrastructure division to take part in Vietnam’s transport modernisation efforts. Firm representatives have publicly framed such initiatives as contributions to nationwide socio-economic improvement and enhancements in home transport capability. Siemens Mobility executives, in flip, have characterised the cooperation as a part of broader efforts to carry established high-speed rail know-how to rising markets.
The offers come as Vietnam continues to develop its transport infrastructure, with state and personal actors investing in rail, street, and aviation initiatives to help financial progress targets. Authorities inclusion of high-speed routes in nationwide plans indicators official help for modernising the nation’s rail community — although, financing, technical capability, and regulatory hurdles stay matters of public debate.
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