Dear Agencies, Departments and Partners,
Discovery Group would like to announce the Investment Proposal for the North-South High-Speed Railway Project, a project identified as a key development driver for Vietnam in the next decade.
Based on important instructions from the Government Office in Document No. 9321/VPCP-CN (dated September 29, 2025) and Document No. 10490/VPCP-CV (dated October 29, 2025), Discovery Group and the Partnership are actively coordinating with relevant Departments and branches to complete the investment capacity examination process and legal procedures.
We would like to summarize the outstanding advantages of the Proposal, affirming our commitment to bring a high-quality, safe and sustainable project that does not burden the Country.
- COMMITMENT ON SCOPE AND IMPLEMENTATION PLAN
The proposal of Discovery Group fully meets the technical and scale requirements set forth by the Government, with a clear roadmap:
Scale: Investing in the entire North-South route (1,541 km), with optimal technical parameters according to the Government’s requirements.
Investment Capital: Total capital is about 63 billion USD (The capital level has been calculated based on optimal technology solutions).
Progress: Deployment in 6 years of construction (+ 1 year of preparation), ensuring the project is put into commercial operation quickly.
Exploitation Time: 69 years, then handing over all assets and technology to the State.
Social Security: Fully implement social security solutions for affected people, ensuring harmonious development.
- AUTONOMOUS FINANCIAL SOLUTION (NO PUBLIC DEBT INCURRED)
This is the core and strategic advantage of the proposal. Discovery Group commits to implementing the Government’s direction on not incurring public debt:
Self-Borrowing and Self-Paying: Finance is mobilized through international cooperation, no public debt is incurred.
Transparent Capital: Has proven sufficient capital to the Government, transparent and verifiable sources of money.
Avoid Debt Traps: Proactively establish a solid financial structure, avoiding public debt risks as lessons learned from neighboring countries.
No State Borrowing: The project does not use loans from the State budget, creating the premise for healthy competition.
III. COMPREHENSIVE TECHNOLOGY AND TRANSFER FROM ERC
After extensive research, Discovery Group proposed a comprehensive and advanced technology solution from the European Railway Consortium (ERC), suitable for the development needs of the high-speed rail industry in Vietnam.
The Comprehensive Technology Solution includes 06 core areas:
Infrastructure: Design and construction of rails and bridges.
Network: Advanced rail network solutions.
Production: Solutions for manufacturing and installing railways.
Operation: Operating systems, energy and smart information technology.
Operation: Efficient management and exploitation model.
Ecosystem: Development of accompanying ecosystem (TOD, logistics).
We are committed to comprehensive technology transfer, ensuring that the project meets modern, smart, absolutely safe and timeless technical factors, while optimizing technology costs.
- DEPLOYMENT AND DOMESTICIZATION CAPACITY (ACHIEVE MORE THAN 70%)
Discovery’s implementation capacity is built on the foundation of technology transfer and domestic resource development:
Transfer and Training: Comprehensive technology transfer, from organization, construction, to training high-quality human resources for the Vietnamese railway industry.
High Localization: Committed to achieving a localization rate of more than 70%, far exceeding conventional standards, helping to develop the domestic supporting industry.
Smart Exploitation: Smart business plan to maximize financial efficiency for businesses and macroeconomic benefits for the country.
State Support: Reduce the burden of management, operation and exploitation for the State during the contract period.
- MACRO-ECONOMIC IMPACT AND NATIONAL DEVELOPMENT
The North-South High-Speed Railway Project brings important and long-term value to the Country:
National Value: Brings great and comprehensive contributions to socio-economic development.
Investment Attraction: Strengthens confidence, strongly attracts foreign investment in infrastructure and related industries.
Domestic Competition: Creates purposeful competition, stimulates development and enhances the capacity of domestic contractors and enterprises.
Contractor Cooperation: Implements the project on the basis of close cooperation with Vietnamese contractors.
Discovery Group commits to make every effort, work professionally, transparently, and put the national interests of Vietnam first so that the North-South High-Speed Railway Project soon becomes a reality.
Sincerely,
Representative of Discovery Group (Consortium Proposing Investment in the North-South High-Speed Railway Project)
