GOVERNMENT PROMOTES PRIVATE SECTOR INVESTMENT IN RAILWAY PROJECTS

Minister of Construction Tran Hong Minh presents the draft amended Railway Law - PHOTO: VGP

HCMC – The Vietnamese Government is seeking to attract more private investment in railway infrastructure through new provisions in the draft of the amended Railway Law.

The proposed changes were presented to the National Assembly on May 27 during its 9th sitting, aiming to expand funding mechanisms and boost public-private partnerships in the sector, reported the Government news site.

Minister of Construction Tran Hong Minh stressed the importance of enacting the revised Railway Law to realize the Party’s policy on railway development and overcome limitations of the 2017 legislation.

The draft law contains seven chapters with 67 articles, reducing three chapters and 20 articles compared to the current law. It also cuts 20% of administrative procedures and 33% of business conditions to simplify regulatory requirements.

Regarding railway infrastructure development, the draft law introduces provisions to mobilize maximum resources from local governments and various economic sectors.

The Government also encourages organizations and individuals to invest through multiple forms of contractual arrangements. Local authorities will be allowed to use their budgets for compensation, resettlement support, and investment in certain components of the national railway infrastructure.

The draft law clarifies the responsibilities of stakeholders involved in the development of national, local, and dedicated railway lines, as well as technical infrastructure and shared facilities between railways and roads or among different types of rail systems.

These additions aim to provide a legal framework for infrastructure projects, such as the construction of shared railway-road bridges.

Source: The Saigon Times

Related News

BANKING / FINANCE / INSURANCE / TAX

VIETNAM’S CREDIT TOPS VND19.18 QUADRILLION, FLOWS INTO PRODUCTION SECTORS

Total outstanding loans in Vietnam’s banking system had reached over VND19.18 quadrillion in the year to March 31, up 3.18% against the end of 2025, with lending largely directed toward production and priority sectors, according to the State Bank of Vietnam. Data released at the central bank’s first-quarter press briefing on April 14 showed that several Government-backed lending programs have recorded notable disbursement progress. A credit package for the forestry and fisheries sectors has been expanded sharply, from VND15 trillion to VND185 trillion.

Apr 16, 2026

HOSPITALITY / TOURISM / ENTERTAINMENT

VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026

In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.

Apr 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS

Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.

Apr 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1

Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.

Apr 16, 2026

HR / LABOUR/ EMPLOYMENT

VIETNAM TAPS AI TO CONNECT MILLIONS OF WORKERS WITH EMPLOYERS

Vietnam’s Ministry of Home Affairs on April 14 launched a national job exchange at vieclam.gov.vn, a key digital platform designed to directly connect more than 53.6 million workers with nearly one million businesses. The platform goes beyond a conventional job portal, positioning itself as a nationwide data-integrated ecosystem. Its technological highlight is the use of artificial intelligence (AI) to automatically analyze and match job vacancies with workers’ skills and experience.

Apr 16, 2026

BANKING / FINANCE / INSURANCE / TAX

VIETNAM RAISES OVER VND80 TRILLION THROUGH G-BONDS IN Q1

The Vietnam State Treasury mobilized VND80.1 trillion through Government bond issues in the first quarter of 2026, fulfilling 73% of the quarterly plan and 16% of the annual target. This capital mobilization, unveiled by the Hanoi Stock Exchange (HNX), underscores a strong start for the domestic sovereign debt market.

Apr 16, 2026