Listen to this articleThe Cau Binh Loi railway bridge crosses the Saigon River in Ho Chi Minh City. Vietnam is gearing up for a major upgrade of its rail system to support economic development. In addition to Vingroup, investors including the auto industry company Thaco, Vietnam ⁠Railways and Vietnam Investment and Development Group have ​shown interest in the high-speed rail project. Vingroup said its withdrawal would not impede the project’s progress and would allow the company to focus on delivering other large-scale initiatives. The ​government has said the winner of the North-South railway bid will be announced in January.

Source: Bangkok Post December 25, 2025 09:50 UTC