Vinspeed plans to be high -speed track: State should finance 80%!

Vinspeed plans to be high -speed track: State should finance 80%!

The Vietnamese company Vinspeed, a member of the Vingroup Group, has presented plans for the construction of a high-speed railway between the north and south of Vietnam. With an estimated total investment requirement of around 1,562 trillion and (around USD 61.35 billion), Vinspeed provides for 312.33 trillion and provision as equity. The remaining 80 % of the project is to be financed by an interest-free loan from the state, as vietnam.vn

In 2024, Vingroup, which includes Vinspeed, achieved net turnover of 189,068 billion and a profit after taxes of 5,276 billion and. Its chairman, Pham Nhat Vuong, is the largest shareholder of Vinspeed with 51 % of the shares. The company plans to use the capacities it has to implement the north-south high-speed route in Vietnam.

structure and financing of the project

The National Assembly of Vietnam approved an investment project in November with a preliminary budget of around 1.7 billions and (USD 67 billion), which corresponds to about 14 % of GDP Vietnam for 2024. The start of construction of the high -speed railway is planned for December 2023, with the aim of making the entire route ready for operation by December 2030. According to the permits of the National Assembly, capital mobilization should be carried out by government bonds and foreign loans, whereby Vinspeed will invest directly in the project.

It is expected that the amortization period for the project could be up to 70 years. Experts support the idea that private investors should play a central role in the financing and implementation of important infrastructure projects. Vinspeed also plans to use the transit-oriented development (death) model to develop urban areas around train stations and thereby realize new real estate projects.

collaboration with the state and long -term goals

vinspeed intends to apply for 80 % of the total investment, about 1.25 billions and (approx. 49.1 billion USD), as an interest -free loan from the state. These funds are approved for a term of 35 years. The company considers it important that the investments meet the national requirements, while the possibility of transferring shares was announced by Vingroup as part of the capital procurement to strengthen vins speed.