The Government has recently issued important guidance for the draft Scheme on the Development of Vietnam’s Railway Industry, which is being formulated under the leadership of the Ministry of Industry and Trade. By 2035, domestic firms are likely to supply equipment for six metro line projects and two inter-regional railway projects. According to calculations by the Ministry of Industry and Trade, if railway network development proceeds as planned, the total market value for railway industry products and services could exceed 2.33 quadrillion VND by 2050 over the lifecycle of railway projects. Industry representatives stressed that, alongside financial incentives, early participation in major railway construction projects is essential to build a skilled workforce and ensure effective technology transfer from the outset. Without a sufficiently trained human resources base, even large-scale investment in modern equipment will not be enough to accelerate the development of Vietnam’s railway industry at the pace envisioned, experts warned./.

Source: VietNamNet News February 01, 2026 00:08 UTC