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VinSpeed
Ho Chi Minh City greenlights $3.9B Can Gio metro line backed by Vingroup
Ho Chi Minh City has approved VinSpeed, a subsidiary of conglomerate Vingroup, as the investor of the Ben Thanh–Can Gio railway project, with a total investment of approximately VND102.43 trillion (nearly US$3.9 billion).
Government seeks lawmakers’ approval for private investment in North-South high-speed rail
Pham Nhat Vuong enters world’s 100 richest list for the first time
Billionaire Pham Nhat Vuong's rail firm VinSpeed says capital increased 5.5-fold to $1.3B
Vingroup associate company VinSpeed has claimed in a statement that its charter capital has increased by 5.5 times since its founding in May.
November 9, 2025 | 11:19 pm PT
VinSpeed to build $3.3B high-speed rail linking downtown HCMC and coastal Can Gio, set to operate in 2028
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.
November 7, 2025 | 09:36 pm PT
Vietnam's richest man Pham Nhat Vuong launches aerospace firm
Vietnamese billionaire Pham Nhat Vuong has invested VND213 billion (US$8.1 million) to launch a new aerospace firm called VinSpace.
November 6, 2025 | 08:58 pm PT
Billionaire Pham Nhat Vuong’s VinSpeed seeks to build $5.3B Hanoi-Ha Long Bay rail link
VinSpeed wants to build 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.
November 3, 2025 | 12:39 am PT
VinSpeed wants to build 350 kph metro in HCMC
VinSpeed, a subsidiary of conglomerate Vingroup, has unveiled plans to develop a 48.5-kilometer metro line connecting the city downtown to the suburban mangrove area of Can Gio with a top speed of 350 kph.
August 22, 2025 | 09:01 pm PT
Vietnam’s richest man Pham Nhat Vuong hikes capital of railroad company VinSpeed by 150%
VinSpeed, owned by Vietnam’s richest man Pham Nhat Vuong, has hiked its charter capital by 150% to VND15 trillion (US$573 million).
July 16, 2025 | 03:11 pm PT
Billionaire-owner funds new businesses with 535 million Vingroup shares
Vietnam's richest man, Pham Nhat Vuong, has used over 535 million Vingroup shares in the last three years to start new companies in the property, ride-hailing, energy, and rail sectors.
July 14, 2025 | 06:37 pm PT
Vietnam's richest man Pham Nhat Vuong injects $321M in Vingroup shares into railway developer VinSpeed
Vietnam's richest man Pham Nhat Vuong has transferred Vingroup shares valued at VND8.4 trillion (US$321 million) to newly-formed railway developer VinSpeed to expand its charter capital.
July 6, 2025 | 07:34 pm PT
Germany’s Siemens wants to build Vietnam high-speed rail
German industrial automation company Siemens wants to build Vietnam’s high-speed railroad among other infrastructure projects.
June 25, 2025 | 10:39 pm PT
Government seeks National Assembly’s approval for private investment in $61B North-South high-speed rail
The Government has asked the National Assembly to approve private sector participation in the $61 billion North-South high-speed railway, aiming to expand the role of private enterprises in major national infrastructure.
June 25, 2025 | 07:20 pm PT
Automaker Thaco to cover 20% of high-speed railroad $61B cost: chairman
Automaker Truong Hai Group Corp. (Thaco) will use its own money, including from selling stakes in subsidiaries, to part-fund the VND1.5-quadrillion (US$61 billion) North-South high-speed railroad, its chairman Tran Ba Duong said.
June 1, 2025 | 10:10 pm PT
What does VinSpeed, founded by Vietnam's richest man, propose for $61B high-speed rail project?
VinSpeed, founded by Vietnam's richest man Pham Nhat Vuong, has proposed a series of new mechanisms for its US$61-billion North-South high-speed rail project.
May 18, 2025 | 01:00 am PT
VinSpeed, founded by Vietnam’s richest man Pham Nhat Vuong, proposes $61B high-speed rail project
VinSpeed, founded by Vietnam’s richest man Pham Nhat Vuong, has proposed developing the North–South high-speed railway, estimated to cost VND1.56 quadrillion (US$61 billion).
May 14, 2025 | 09:04 pm PT
