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It is imperative to encourage a paradigm shift towards adopting public transport, moving away from the pitfalls of unsustainable reliance on personal vehicles.

Early and effective investment in the urban railway system will increase the share of public passenger transport, reduce individual vehicle traffic, and positively impact socio-economic development.

Hanoi aims to address issues related to planning and investment to improve public transport systems, develop urban railways, and shape sustainable urban environments.

The draft amended Capital Law is aimed at facilitating Hanoi’s utilization of land resources for the development of urban railways.

Given the potential increase in property values when new roads and rail are built, the transit-oriented development model covered by the bill stands out as a highly promising and practical mechanism.

The draft law aims to redirect investment from being channeled mainly into housing and commercial center development projects to infrastructure projects such as urban railways.

This year, the company is focusing on improving service quality and collaborating with major travel agencies in Hanoi to attract foreign tourists.

Planning for public transport-oriented development stands is a key solution to ignite the city’s breakthrough in socio-economic development.

The project, scheduled to be complete by the end of 2025, would contribute to the city’s goal of finalizing its urban railway network by 2035.

Cooperation in infrastructure projects that link Vietnam and China, including high-speed railways, holds a solid political foundation rooted in the relationship between the two nations.

Sluggish road development due to challenges such as compensation and site clearance issues, as well as budget constraints, hindered progress.

For the capital's urban transportation network and for connecting the country's road and rail systems, the project is of particular importance.

The total estimated investment for the entire project is approximately US$58.71 billion.

Vietnam will need more than VND550 trillion (US$23.2 billion) to expand the network of seaports, inland ports, and railways, according to the master plans for developing these infrastructures in 2021-2050 approved by the Prime Minister.

This year, the company aims to achieve a total revenue of nearly VND2.2 trillion, a year-on-year increase of 10%.

After a year of operation, the US$730-million project saw increased ridership and expects a growing number of passengers.