game bet88Towards autonomous railway industry

Once a source of national pride, Vietnam’s railway industry has steadily lost ground due game bet88 aging infrastructure and poor connectivity. In recent years, however, the Party and the government have intensified efforts game bet88 breathe new life into the industry, rolling out ambitious strategies game bet88 gradually rebuild and modernize the railway network.

Despite these initiatives, railway transport still holds a modest market share in Vietnam’s transportation sector. According game bet88 the National Statistics Office (now under the Ministry of Finance), since 2019, passenger rail transport has never exceeded 0.17 per cent market share. The impact of Covid-19 in 2021 pushed this figure even lower, game bet88 just 0.06 per cent. On the freight side, railway transport saw its highest market share in 2021, of 0.35 per cent, but by 2024 this had fallen game bet88 just 0.19 per cent, highlighting the ongoing challenges the industry faces.

Improving connectivity

The decline in railway market share stems from multiple factors. One of the most significant is Vietnam’s outdated railway infrastructure. The country still primarily relies on a 1,000 mm gauge system that has been in place for more than a century. Despite ongoing efforts game bet88 upgrade and improve service quality, the railway network struggles game bet88 meet modern transportation demand, especially when neighboring countries have already adopted the 1,435 mm gauge. This disparity directly affects Vietnam’s railway connectivity, making it difficult for domestic freight transport game bet88 integrate with international rail networks.

Within the country, the lack of interconnectivity is even more evident, as the railway network remains largely disconnected from other modes of transportation such as aviation and waterway. This limitation reduces the railway’s role in the logistics chain, preventing it from maximizing its advantages. As a result, many transportation businesses still view rail as a secondary option despite its potential benefits.

With Vietnam’s economy targeting an annual growth rate of over 8 per cent, the development of transport infrastructure and the restructuring of transportation modes have become urgent priorities. The railway sector, in particular, needs game bet88 be recognized as a key pillar in reducing pressure on road networks and optimizing the country’s multimodal transport network.

game bet88 address these challenges, the government has introduced a Master Plan on the Railway Network for the 2021-2030 Period, with a Vision towards 2050, which focuses on selective development, prioritizing investments in key transport corridors with high demand while making full use of the existing network. It also outlines the construction of modern and well-integrated railway lines that connect seamlessly with seaports, airports, and major economic hubs.

A crucial aspect of this strategy is mobilizing capital from various economic sectors rather than relying solely on the State budget. While public investment will be directed towards building and upgrading railway infrastructure, the private sector is encouraged game bet88 participate in manufacturing locomotives and carriages, developing logistics services, and operating transportation systems.

The government is also aiming game bet88 establish a modern railway industry capable of maintaining self-sufficiency in equipment production and maintenance while promoting international cooperation game bet88 secure technology transfer. The plan emphasizes the application of Industry 4.0 advancements game bet88 optimize energy use, reduce environmental pollution, and enhance operational efficiency, ultimately transforming rail transport into a more intelligent and sustainable mode of transportation.

Back on track

Between now and 2030, the primary focus will be on renovating and upgrading the existing railway network while preparing for new routes. Efforts will be made game bet88 enhance safety and operational capacity across seven major railway lines, alongside investments in two high-speed rail sections on the North-South corridor. The government has also prioritized the development of railway connections game bet88 major seaports, including in Hai Phong in the north and in Ba Ria-Vung Tau in the south, as well as expanding rail links game bet88 international airports and key logistics hubs.

Looking ahead game bet88 2050, the government aims game bet88 complete the North-South high-speed railway while continuing game bet88 expand railway networks connecting seaports, industrial parks, economic centers, and even the central highlands region.

The National Assembly recently approved several key resolutions that together mark a major shift for Vietnam’s railway sector. One of the most significant projects, the North-South high-speed railway line, has estimated investment of over VND1,713 trillion ( billion), while the Lao Cai-Hanoi-Hai Phong railway project is set game bet88 receive approximately VND203 trillion (.37 billion).

Resolution No. 188/2025/QH15, dated February 19, 2025, also introduces special mechanisms and policies game bet88 accelerate the development of urban rail networks in Hanoi and Ho Chi Minh City. Under the Resolution, during the 2026-2030 and 2031-2035 periods, the State budget will provide targeted financial support, with a maximum allocation of VND215.35 trillion (.3 billion) for Hanoi and VND209.5 trillion (.1 billion) for Ho Chi Minh City.

With these ambitious plans and strategic investments, Vietnam’s railway sector is set game bet88 undergo a significant transformation, playing a more prominent role in the country’s transportation and logistics landscape.

Seeking self-sufficiency

Vietnam is making comprehensive preparations game bet88 achieve a breakthrough in railway development, not only game bet88 enhance transportation infrastructure but also game bet88 create a vast market for the production of materials, equipment, and construction in the railway industry.

According game bet88 Mr. Tran Thien Canh, Director of the Vietnam Railway Authority, there is a significant demand for railway technology products. Specifically, the railway infrastructure construction sector requires 28.7 million meters of rail, 11,680 sets of switches, and 46 million sleepers.

From now game bet88 2030, the railway sector will need an additional 15 locomotives and 26 narrow-gauge (1,000 mm) carriages, along with 250 locomotives and 1,760 standard-gauge (1,435 mm) carriages. By 2045, these numbers will increase substantially, reaching 150 locomotives and 160 narrow-gauge carriages as well as 2,000 locomotives and 10,144 standard-gauge carriages.

In terms of development strategy, by 2030, Vietnam aims game bet88 establish the capability game bet88 design locomotives and carriages through technology transfer, assembly, and the gradual localization of locomotives operating at speeds under 200 km/h. The railway sector also targets full domestic production of freight and passenger carriages with speeds under 120 km/h, achieving an 80 per cent localization rate. Notably, mastering the technology for manufacturing freight and passenger carriages under 200 km/h has been identified as a key priority.

Beyond rolling stock, the railway sector also aims game bet88 independently handle 90 game bet88 95 per cent of the construction techniques for substructures and fully master the design and construction of superstructures for railway lines operating at speeds under 200 km/h. For high-speed rail, Vietnam seeks game bet88 participate in 50 game bet88 70 per cent of the construction process, gradually enhancing its expertise in modern railway infrastructure development.

The production of railway materials and equipment is also being prioritized. The domestic metallurgical industry will focus on manufacturing P43 and P50 rails game bet88 international standard while mastering the maintenance and replacement of materials and spare parts for standard-gauge railways, urban railways, and high-speed rail.

Vietnam also aims game bet88 localize approximately 80 per cent of the power supply networks for locomotives and high-speed rail carriages, progressing towards full mastery of operations, maintenance, and spare part production.

With an ambitious vision for railway development, Vietnam is actively working towards self-sufficiency in vehicle manufacturing technology. By 2050, the country aims game bet88 fully master the design, construction, and operation of its railway network, including high-speed urban rail. Furthermore, acquiring and mastering railway signaling and communication technology is another crucial goal. Vietnam seeks game bet88 domestically produce 80 game bet88 90 per cent of hardware components while fully developing software for communication and signaling systems.

Looking ahead game bet88 2050, Vietnam’s vision is not only game bet88 build a modern railway network but also game bet88 take full control of all related technologies, from manufacturing rails and switches game bet88 international standards game bet88 self-sufficiency in railway electrification. With localization rates projected game bet88 reach 60 game bet88 70 per cent across multiple sectors, the railway industry has a tremendous opportunity game bet88 rise and become a key pillar of the national economy.