VinSpeed and Siemens Mobility sign a Turnkey contract
posted on 25th Sep 2026 18:26
On 22 September 2026, VinSpeed High-Speed Rail Investment and Development Joint Stock Company (a member of Vingroup) and Siemens Mobility GmbH have announced the signing of a turnkey contract for the Hanoi - Quang Ninh and Ben Thanh - Can Gio high-speed rail lines. The agreement marks a new milestone in VinSpeed’s journey toward developing its high-speed rail capabilities, while progressively building modern, international-standard transport infrastructure in Vietnam.
Valued at up to 1 billion EUR, the contract builds on the Comprehensive Strategic Cooperation and Technology Transfer Agreement signed by the two parties in December 2025, translating the strategic partnership between VinSpeed and Siemens Mobility into concrete projects and implementation. Under the contract, VinSpeed will be responsible for project development, track construction and civil works. Siemens Mobility will serve as the technology partner, providing advanced rail systems and the necessary technical expertise.
Specifically, Siemens Mobility will deliver 10 Velaro Novo trains for two lines, including the 121 km long Hanoi - Quang Ninh line with four stations and the 54 km long Ben Thanh - Can Gio line with two stations, together with communications and electrification. This will be executed in phases.
Velaro Novo with a maximum speed of 350 km/h will be 200 m long seven-car units with 760 seats. In addition, the trains will feature ATO integrated with a ETCS Level 2, enabling automatic optimization of train spacing while improving precision and energy efficiency through intelligent control of speed, acceleration and braking. Notably, this will mark the world’s first deployment of ATO over ETCS in a national high-speed rail network.
As part of Vingroup’s Infrastructure pillar, VinSpeed was established with the mission to pioneer the development of high-speed rail and modern transport infrastructure projects in Vietnam, applying leading standards of technology, efficiency, and sustainability. VinSpeed aims to become a driving force in the transformation of transport infrastructure, shaping the future of Vietnam’s rail industry in line with international benchmarks.
