Vietnam's railway industry is beginning a "major surgery" after many years of backwardness.
Specifically, the Ministry of Transport was assigned to preside over and coordinate with the Ministry of Foreign Affairs and relevant agencies to urgently work with the Chinese side to agree on a memorandum of understanding, support plan, and investment cooperation on three railway lines: Lao Cai - Hanoi - Hai Phong, Hanoi - Dong Dang, Ha Long - Mong Cai (extended Nam Dinh - Thai Binh - Quang Ninh coastal railway).
The Government Standing Committee assessed that it is necessary to invest in these three railway lines soon, combining freight and passenger transport. In the immediate future, it is necessary to focus on investing in the Lao Cai - Hanoi - Hai Phong routes (striving to start construction in 2025), studying the plan to use preferential foreign loans (clearly defining: preferential loan interest rates, loan value and loan period) and the plan to issue bonds for investment.
At the same time, accelerate the implementation of the Ho Chi Minh City - Can Tho high-speed railway project, adding to the investment policy for high-speed railway on the North - South axis. The Ho Chi Minh City - Can Tho route will mainly carry passengers. In addition, the Ministry of Transport needs to soon restart to implement the investment to complete the Yen Vien - Pha Lai - Ha Long - Cai Lan railway in accordance with Conclusion No. 49 of the Politburo.
Previously, the Vietnam Railway Authority said that this unit is working with the China National Railway Authority to agree on the 1,435 mm standard gauge railway rail connection point between the two sides.
Accordingly, the two sides will promote the development of an intergovernmental agreement on the plan and connection point of the standard gauge railway between Lao Cai station, Vietnam and Hekou Bei station, China, as a basis for implementing the construction of this section in 2025, preparing for the Lao Cai - Hanoi - Hai Phong standard gauge railway line, which is currently undergoing investment preparation.
On the Vietnamese side, the rail connection project between Lao Cai station and Ha Khau Bac station has been proposed for investment in the 2021 - 2025 period with a total estimated investment of more than 2,206 billion VND.
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