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[Vietnam’s VinSpeed and Siemens signed a contract to cooperate in the construction of two high-speed railways] On September 22, VinSpeed, a subsidiary of Vietnam’s Vingroup, signed a turnkey contract with Siemens Mobility to cooperate in the construction of two high-speed railways from Hanoi to Quang Ninh and Ben Thanh to Can Gye. The contract value is up to 1 billion euros. Under the agreement, VinSpeed will be responsible for project development, track construction and civil engineering, while Siemens Mobility will provide technology and railway systems, including 10 Velaro Novo high-speed trains, as well as communications and electrification systems. The total length of the two lines is 121 kilometers and 54 kilometers respectively, with a total of 6 stations.
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