Standing Deputy Prime Minister Pham Gia Tuc has recently signed Government Document No. 1251/TTg-CN, assigning the Ministry of Construction to lead the preparation of the Pre-Feasibility Study Report for the Railway Industry Complex in accordance with the laws on construction, public investment, and other relevant legislation.
This represents an important preparatory step towards establishing an industrial base to support the development of Vietnam’s railway sector.
The report must clarify the necessity of the investment, the scope and scale of the component projects, and the investment modality for each component project, with priority given to mobilizing social resources. The study must also identify the proposed product categories, the capacity to adopt and master technologies, investment efficiency, socio-economic effectiveness, and relevant policy and institutional mechanisms.
Allocation of Responsibilities and Ensuring Funding and Land Availability
To facilitate investment preparation, the Prime Minister has assigned the Ministry of Finance to take the lead, in coordination with relevant ministries and agencies, in consolidating funding requirements and reporting to the competent authorities for capital allocation based on the proposal of the Ministry of Construction.
In its capacity as the representative of the state ownership interests in state-invested enterprises, as prescribed by law, the Ministry of Finance is responsible for directing Vietnam National Railway Corporation to provide relevant documents and information and closely coordinate with the Ministry of Construction throughout the preparation of the report.
The Ministry of Industry and Trade will take the lead, in coordination with relevant agencies, in urgently implementing the tasks under the Scheme for the Development of Vietnam’s Railway Industry, in accordance with the directions set out in Government Office Document No. 5372/VPCP-CN dated June 9, 2026.
For Hanoi City, the key responsibility is to continue implementing tasks related to planning, land fund management, and other relevant matters to ensure sufficient land is available for the development of the Railway Industry Complex.
Vietnam National Railway Corporation is responsible for providing the Ministry of Construction with information and research findings already obtained regarding the complex, while maintaining close coordination throughout the preparation of the Pre-Feasibility Study Report. Relevant ministries and agencies will continue carrying out their assigned tasks in accordance with the Prime Minister’s directions.
Clarifying Investment Orientation, Technology, and Railway Industry Development
The preparation of the Pre-Feasibility Study Report is an important step towards comprehensively assessing the proposed Railway Industry Complex, covering investment needs, the scale and structure of component projects, capital mobilization options, the selection of investment modalities, and socio-economic effectiveness.
In particular, the assessment of product categories and the capacity to adopt and master technologies will provide a basis for examining the development of domestic industrial capabilities, the participation of Vietnamese enterprises, and opportunities to mobilize social resources for the railway sector.
The resulting Pre-Feasibility Study Report will serve as a basis for the competent authorities to consider the investment proposals, implementation arrangements, and necessary policy and institutional mechanisms in accordance with applicable regulations.
TECCO1 Editorial Board
(Source: Government Document No. 1251/TTg-CN)