Hyundai Rotem in Talks for Vietnam Rail Projects

South Korean engineering behemoth Hyundai Rotem has also shown keen interest in joining Vietnam's high-speed train development, a possible cooperation that will revamp the country's transport system.

During a Tuesday meeting with Deputy Prime Minister Ho Duc Phoc, Hyundai Rotem Chairman and CEO Lee Yong-bae discussed the company's high-speed rail capabilities covering sophisticated train production, signaling systems, and hydrogen-based technology.

“Vietnam has great potential for high-speed rail, and we’re eager to contribute through technology transfer, local production, workforce training, and long-term maintenance,” said Lee.

Key highlights:

•  Hyundai Rotem proposes full-spectrum support for Vietnam’s high-speed rail ambitions, including technology transfer, local manufacturing, and long-term maintenance
• Vietnam’s Deputy PM Ho Duc Phoc welcomes foreign investment in high-speed and urban rail projects as part of the country’s broader push for digital and green infrastructure
• Thaco and Hyundai Rotem may collaborate on major rail lines, including the proposed USD 61.35 billion trans-Vietnam high-speed railway and Metro Line 2 in Ho Chi Minh City

Hyundai Rotem is eyeing opportunities to bring comprehensive, cost-effective solutions, with a focus on localizing manufacturing in Vietnam. The company’s proposal aligns with Vietnam’s broader infrastructure push to drive double-digit economic growth through digital and green transformation.

Deputy PM Phoc opened the door to interest, saying, "Building modern infrastructure—particularly high-speed rail—is key to our national agenda in productivity and innovation."

Phoc underlined the government's dedication to revolutionary infrastructure, pointing to future projects such as urban railways and high-speed networks. He invited Hyundai Rotem to partner with the Ministry of Construction for integrated planning.

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The gathering also featured Thaco Chairman Tran Ba Duong, who showcased the group's proposals for investing in urban rail and high-speed lines, including the Ben Thanh–Thu Thiem–Long Thanh and Metro Line 2 in Ho Chi Minh City.

Thaco has recently offered to make a USD 61.35 billion investment in the trans-Vietnam high-speed railway, with 20 percent equity and the remaining shares from foreign and domestic loans.