VinSpeed High-Speed Rail Investment and Development Joint Stock Company, a member of Vingroup, has officially entered into a turnkey agreement with Siemens Mobility GmbH. This partnership focuses on the development of the Hanoi–Quang Ninh and Ben Thanh–Can Gio rail lines. Valued at up to 1 billion euros, the project advances the Comprehensive Strategic Cooperation and Technology Transfer Agreement established by the two organizations in December 2025.
Division of Project Responsibilities
Under the terms of the Vietnam high-speed rail agreement, VinSpeed will manage civil works, track construction, and overall project development. Siemens Mobility will serve as the primary technology partner, delivering rail systems and expertise. The scope of work includes the delivery of 10 Velaro Novo trains to service the 121-km Hanoi–Quang Ninh line and the 54-km Ben Thanh–Can Gio line. Siemens Mobility will also provide electrification and communication systems for these routes.
Advanced Rail Technology Integration
The Velaro Novo platform represents the next generation of distributed-power electric multiple units (EMU), capable of reaching speeds of 350 km/h. Each 200-meter trainset features seven cars with a 760-passenger capacity. Through an empty tube design, the Velaro Novo increases passenger capacity by 10% compared to previous models.
The Vietnam high-speed rail project will feature the first global deployment of Automatic Train Operation (ATO) integrated with an ETCS Level 2 signaling platform on a national network. This technology allows for precise control of acceleration, braking, and train spacing, enhancing overall energy efficiency.
Strengthening Vietnam’s Transport Infrastructure
This Vietnam high-speed rail partnership is central to the mission of VinSpeed, a company established under Vingroup to modernize transport infrastructure in the region.
“Vietnam is entering an exciting new era of mobility, and we are proud to contribute to this transformation. With our Velaro Novo trains, which consume 30% less energy than previous models and offers more than 10% additional passenger capacity, combined with state-of-the-art ETCS Level 2 signaling and advanced electrification systems, we are providing Vietnam with a truly sustainable and efficient transport solution. This partnership highlights our commitment to helping countries modernize their transport infrastructure while supporting economic growth and environmental protection,” said Michael Peter, CEO of Siemens Mobility.
“The signing of the contract with Siemens Mobility marks an important step in realizing VinSpeed’s high-speed rail lines in Vietnam. The combination of VinSpeed’s project implementation capabilities with Siemens Mobility’s advanced rail technology and global experience will provide a foundation for bringing modern, efficient and sustainable operating solutions to the new rail lines, while laying the groundwork for the development of an integrated high-speed transport system in Vietnam,” said Mr. Pham Thieu Hoa, CEO of VinSpeed.
