Vinspeed High-speed Railway Investment and Development JSC (Vinspeed), a subsidiary of Vingroup has submitted a proposal to the Government of Vietnam to fund the North–South high speed rail (HSR) project.

The project involves the development of a HSR line connecting Hanoi and Ho Chi Minh City (HCMC), two largest cities in the country. The HSR line will span 1,541 km and cover 23 passenger stations and five freight stations across 20 provinces and cities. Passenger services are expected to commence in 2030. 

The North–South high-speed railway project is estimated to require an investment of approximately USD 61 billion. Vinspeed intends to contribute 20% of this amount—around USD 12.2 billion—while the remaining 80%, or roughly USD 48.8 billion, is expected to be covered through zero-interest loans from the Vietnamese government, repayable over 35 years starting from the date of disbursement. To support loan repayment, Vinspeed also plans to collaborate with its parent company and Vinhomes in developing integrated urban zones around major railway stations, following a Transit-Oriented Development (TOD) strategy. Construction is targeted to begin by December 2025. Additionally, Vinspeed is in talks with manufacturers from China, Germany, and Japan to secure technology transfer and enable local production of trains and signaling equipment.