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Vingroup pulled its $67B bid for Vietnam’s North-South high-speed rail, citing strategic shifts, but project continues with other firms.
Vingroup, Vietnam’s largest conglomerate, has withdrawn its $67-billion bid for the North-South high-speed rail project, citing a strategic shift to focus on other government-approved infrastructure and energy initiatives, including high-speed rail lines, a sports complex in Hanoi, and industrial projects.
The decision, formally submitted on December 25, 2025, follows concerns over financial risk and Vingroup’s capacity, but the government confirmed the project remains on track, with other firms like THACO and Vietnam Railways still interested.
Vingroup’s stock fell sharply after the announcement.
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Vingroup retiró su oferta de $67 mil millones para el ferrocarril de alta velocidad norte-sur de Vietnam, citando cambios estratégicos, pero el proyecto continúa con otras empresas.