Hyundai Rotem interested in Vietnam’s high-speed rail development

Mr. Lee Yong-bae, CEO and President of Hyundai Rotem from South Korea, has expressed his company’s strong interest in partnering with Vietnam on high-speed railway projects during a meeting with Deputy Prime Minister Ho Duc Phoc in Hanoi on September 9.

Mr. Lee said Hyundai Rotem aims to contribute to Vietnam’s rail system through comprehensive technology transfer, covering areas such as human resources training, manufacturing localization, and operational maintenance services.

He noted that the company has nearly five decades of experience in producing high-speed trains, locomotives, carriages, signaling systems, and providing long-term maintenance solutions.

Deputy PM Phoc welcomed the proposal, encouraging Hyundai Rotem to present detailed design concepts to the Ministry of Construction for review.

The Deputy PM also emphasized Vietnam’s national priorities as it enters a new stage of development, including economic transformation driven by science and technology, digitalization, green transition, and productivity enhancement, with the aim of sustaining double-digit growth.

He said investment in modern infrastructure—airports, seaports, expressways, and high-speed railways—will be crucial to achieving these goals, highlighting Vietnam’s ongoing efforts to accelerate both urban and high-speed railway development.