Vietnamese firm in alliance that pledges $100bn for North-South high-speed railway has $38,500 charter capital
Economy 19:05 10/06/2025An investment alliance involving Mekolor JSC, a Vietnamese company with just VND1 billion (US$38,500) in registered capital, has stunned the public by proposing to arrange $100 billion to develop Vietnam’s North-South high-speed rail project without government guarantees.
Vietnam’s top billionaire pledges $185mn in Vingroup shares to newly-founded railway business
Economy 20:01 31/05/2025Pham Nhat Vuong, chairman of Vietnam’s leading private conglomerate Vingroup, has registered to transfer over 48 million Vingroup (VIC) shares—worth nearly VND4.8 trillion (US$185 million)—as capital contribution to VinSpeed, a newly established company aiming to invest in the country’s North-South high-speed railway project.
THACO proposes to invest in Vietnam’s North-South high-speed railway project
Economy 18:04 27/05/2025Vietnamese conglomerate Truong Hai Group (THACO) has sought the government’s greenlight to take part in the North-South high-speed railway project, pledging to master the technology and develop the country’s railway industry.
Vietnam ready to pour over $70bn into building cross-country high-speed railway
In-Depth 11:09 11/12/2023The current national rail network in Vietnam lags behind those of neighboring countries in Southeast Asia
