Vingroup withdraws bid for Vietnam North–South high-speed rail project
Vietnam News 16:20 25/12/2025Vietnam’s largest conglomerate Vingroup said on Thursday it had requested the government to withdraw its registration to invest in the planned North–South high-speed railway that would cost more than US$60 billion, citing the need to focus resources on other priority infrastructure and energy projects.
Vietnamese billionaire Pham Nhat Vuong to inject 70mn VIC shares into newly-formed energy firm
Economy 17:48 12/06/2025Pham Nhat Vuong, chairman of Vietnam’s leading private conglomerate Vingroup, has registered to contribute over 70.6 million Vingroup (VIC) shares, equivalent to 1.82 percent of Vingroup’s charter capital, to newly-established energy firm VinEnergo.
Investment alliance eyes $100bn North-South high-speed rail project in Vietnam
Economy 11:19 10/06/2025A Vietnamese-American investment alliance has made an ambitious proposal to develop Vietnam’s North-South high-speed railway, pledging to finance the entire US$100 billion project independently.