Vinhomes poured capital into the Hanoi – Quang Ninh high-speed railway project

Vinhomes Board of Directors has just approved participating in investment and business cooperation with VinSpeed ​​High Speed ​​Rail Investment and Development Joint Stock Company.

Accordingly, the two parties will jointly invest, construct, operate and sell the Hanoi – Quang Ninh high-speed railway project. This railway is 120 km long, running through 4 provinces and cities of Hanoi, Bac Ninh, Hai Phong and Quang Ninh with a total investment of nearly 150,000 billion VND.

According to the resolution, Vinhomes contributes a maximum value equal to 85% of the total investment of the project, after deducting the capital that VinSpeed ​​mobilizes from third parties. This capital contribution of Vinhomes is up to 35% of total assets recorded in the most recent financial report of the business.

Vinhomes enjoys a profit equal to 85% of the project’s EBIT (profit before interest and taxes), after deducting additional loan interest and profits distributed to other partners.

The Hanoi – Quang Ninh high-speed railway project started construction in April this year. Travel time between the two localities can be shortened from 2 hours to 23 minutes, after the high-speed rail project is completed in 2028.

Vinhomes and VinSpeed ​​are both businesses in the ecosystem of billionaire Pham Nhat Vuong group. Among them, VinSpeed ​​was established in May 2025, with a charter capital of 6,000 billion VND. As of the end of last year, the charter capital of this enterprise was increased to 45,000 billion, of which billionaire Pham Nhat Vuong holds 51% of the capital. The remaining shareholders include Vietnam Investment Group (VIG) holding 35%, Vingroup 10% and 1% of shares belonging to Mr. Vuong’s two sons, Pham Nhat Quan Anh and Pham Nhat Minh Hoang.

In addition to cooperating with VinSpeed, Vinhomes’ Board of Directors also approved joining a joint venture with SGC Investment and Construction Joint Stock Company to sign design and construction contracts at the Ben Thanh – Can Gio and Hanoi – Quang Ninh railway projects. Of which, the contract value of the Ben Thanh – Can Gio project is expected to be 43,755 billion VND, while the Hanoi – Quang Ninh railway project is 73,373 billion VND.