VinSpeed and Siemens Mobility sign contract on high speed rail development
VinSpeed High Speed Rail Investment and Development JSC – a member of Vingroup – and Siemens Mobility GmbH on September 22 announced the signing of a turnkey contract for the Hanoi Quang Ninh and Ben Thanh Can Gio high speed rail lines
VinSpeed and Siemens Mobility have signed a contract for a high-speed rail development project in Vietnam, with an estimated value of up to $1.15 billion. The agreement builds on a previous cooperation signed in December 2025, transforming their strategic partnership into tangible projects and implementation. VinSpeed will oversee project development, track construction, and civil works, while Siemens Mobility, a global leader in high-speed rail technology, will contribute advanced rail systems and technical expertise.
The contract includes the delivery of 10 Velaro Novo trains, Siemens Mobility's next-generation distributed-power electric multiple units capable of reaching speeds up to 350 km/h. Each 200-meter-long train set features seven cars, accommodating 760 passengers, and prioritizes energy efficiency and passenger capacity. The trains will be equipped with Automatic Train Operation (ATO) technology integrated with a European Train Control System (ETCS) Level 2 signalling platform, enhancing operational efficiency, precision, and energy conservation.
Pham Thieu Hoa, CEO of VinSpeed, expressed excitement about the contract, stating it marks a crucial step in realizing VinSpeed's high-speed rail lines in Vietnam and sets the foundation for a modern, efficient, and sustainable rail network. Michael Peter, CEO of Siemens Mobility, emphasized the significance of the collaboration, highlighting the energy efficiency of Velaro Novo trains (30% less than previous models) and the additional passenger capacity (over 10%).
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
