ABOUT THE 
VRS 2024

IMARC Group’s report said that Vietnam railroad market size is projected to exhibit a growth rate (CAGR) of 4.90% during 2024-2032. Vietnam’s government has unveiled a comprehensive action plan to steer the development of the country’s railway transport system, setting ambitious goals and clear directives to modernize and expand the network.

 

The period from 2021 to 2030, Vietnam government encourage all parties to develop a suitable investment roadmap to meet Vietnam’s growing transportation needs. The government will focus on developing the railway infrastructure and investment in new important routes. The project's total investment fetches $61.02 billion, of which state capital accounts for 80 per cent, and equity capital about 20 per cent.

 

Besides, the government is willing to commit over US$70 billion investment to a high-speed railway system that will span the entire country to galvanize the nation's economic growth.