Want to be in the loop?
subscribe to
our notification
Business News
HANOI CITY PREPARES US$$1.5 BILLION METRO EXTENSION

Hanoi Metro trains at the Lang Station in Dong Da District - PHOTO: VNA
HCMC – Hanoi City will hold an international market consultation next month for the over-US$1.5-billion extension of Metro Line 2A linking the city center with the satellite urban area of Xuan Mai, the Hanoi Metropolitan Railway Management Board (MRB) said.
The Early Market Engagement (EME) event will take place in Hanoi on June 18-19 ahead of formal bidding procedures for the project.
The event, organized with support from the Asian Infrastructure Investment Bank (AIIB), is open to contractors, suppliers, consultants and other potential partners with experience in urban railway projects.
MRB estimated the project’s preliminary cost at more than US$1.5 billion. Funding is expected to come from AIIB loans and counterpart capital from the Vietnamese Government.
A feasibility study and front-end engineering design (FEED) began in February 2026 and are scheduled for completion in October 2026.
The study covers engineering design, environmental and social impact assessments, resettlement planning, implementation strategy and procurement plans.
MRB said the consultation process aims to gather feedback on project design, contract packaging, risk allocation and technical solutions before finalizing the bidding structure.
The Metro 2A extension is part of the first phase of Hanoi’s three-stage urban railway development plan.
Under the preliminary plan, the elevated line will run about 20 kilometers along National Highway 6, which is being expanded. The route will have 12 elevated stations, 13 four-car train sets and a depot near Xuan Mai station covering about 8.3 hectares.
The project is designed to be fully compatible with the existing Cat Linh-Ha Dong Metro Line 2A.
According to preliminary assessments, the line will directly serve around 500,000 residents along the corridor and help reduce traffic congestion on National Highway 6 and the Mai Linh Bridge gateway area in southwestern Hanoi.
MRB is studying an engineering, procurement and construction (EPC) contract model covering civil works, railway systems and rolling stock. The agency also plans to appoint a project management consultant to oversee implementation and progress control.
Prequalification documents for the EPC package are expected to be issued in the fourth quarter of this year, with the contract targeted for award in the fourth quarter of 2027.
During the EME event, the first day will focus on Hanoi’s urban railway development strategy, the existing Cat Linh-Ha Dong line, investment plans for the extension project, and procurement policies of AIIB and Vietnam.
Source: The Saigon Times
Related News
AN ELECTRIFYING NIGHT WITH THE "QUEEN OF DANCE" THU MINH AT THE GRAND HO TRAM!
The stage at The Grand Ballroom is set to catch fire as Vietnam’s undisputed "Queen of Dance," Thu Minh, takes the spotlight. Renowned for her powerhouse vocals, magnetic stage presence, and sultry, high-energy performances, Thu Minh promises an evening of pure musical euphoria. The energy escalates with an exclusive appearance by special guest and The Voice champion, Vu Thao My.
HIGH-QUALITY HUMAN RESOURCES NEEDED TO ATTRACT NEW TECH INVESTMENT CAPITAL
Besides infrastructure, Việt Nam must also rapidly develop a highly skilled workforce to attract investment in AI, semiconductors and advanced manufacturing, experts have said. Don Lam, CEO and co-founder of investment management company VinaCapital, said that global technology investors were increasingly looking at the readiness of the entire ecosystem, with high-quality human resources a decisive factor.
HIRING OUTLOOK STRENGTHENS IN Q4 AS SKILLS SHORTAGES PERSIST
Hiring intentions among employers in Việt Nam strengthened in the fourth quarter, with 52 per cent of surveyed companies planning to increase headcount between October and December, according to a ManpowerGroup survey released this week. Việt Nam's hiring outlook was stronger than the Asia Pacific and Middle East (APME) regional average of 33 per cent and the global average of 29 per cent, ranking third in the region and 11th globally among 42 markets surveyed.
LARGE BANKS FORECAST TO GAIN HIGHER PROFITABILITY IN H2 2026
The return on average assets (ROAA) of the banking sector will likely remain stable at around 1.5 per cent in the second half of 2026, but profitability divergence among banks will increase, with large banks outperforming peers on stronger margins and diversified earnings, analysts forecast. In a recent report on the banking sector, analysts from the Vietnam Investors Service Rating said the sector’s ROAA rose by 10 basis points quarter-on-quarter to 1.51 per cent in the first half of this year, driven by net interest margin (NIM) improvements at some State-owned banks and large private banks.
VIỆT NAM'S FOOTWEAR, BAG EXPORTS TO US TOP $8 BILLION IN EIGHT MONTHS
Việt Nam's exports of footwear and handbags to the US exceeded US$8 billion in the first eight months of 2026, as the US and EU remained the country's biggest markets despite sluggish growth in footwear shipments. Exports from Việt Nam's leather and footwear sector reached more than $2.45 billion in August, down 9 per cent from July but up 3 per cent from a year earlier, according to preliminary statistics.
LÂM ĐỒNG TARGETS DIGITAL ECONOMY TO ACCOUNT FOR 30 PER CENT OF GRDP BY 2030
Lâm Đồng Province aims to raise the digital economy’s contribution to around 30 per cent of its gross regional domestic product (GRDP) by 2030, as part of a five-year plan to develop digital economy and society issued recently. Under Plan No. 15358/KH-UBND, the province targets more than 60 per cent of small- and medium-sized enterprises (SMEs) to adopt digital technologies by 2030 while increasing the value of cashless payments to 30 times its GRDP.






















