Vietnam’s Vingroup inks $1bn bullet train deal with Siemens

VinSpeed due to finish nation's 1st high-speed lines before north-south rail project Vietnam lacks high-speed rail, something Vingroup wants to change, with one project aiming to slash two-hour trips from Hanoi to 30 minutes. (Siemens) HO CHI MINH CITY — Vingroup's rail unit, VinSpeed, and German multinational Siemens have signed a deal for 10 bullet trains worth up to 1 billion euros ($1.1 billion) to be used on the Vietnamese company's high-speed lines in Hanoi and Ho Chi Minh City.

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