The State must play a key role in investing in the national railway infrastructure to boost the development of the railway transport and attract more private investors to the sector, experts have said.
The committee told the Ministry of Planning and Investment (MPI) it was concerned about the feasibility of attracting investment for the ambitious plan.
In 1881, when the French occupied Sài Gòn during the first Indochina War, they built the first railway in Việt Nam. It was also one of the first in the region and the most modern in Southeast Asia.
The amendments to the Law on Enterprise and Law on Investment must include stronger solutions to thoroughly and comprehensively reform State-owned enterprises (SOEs) and enhance their efficiency, according to the Việt Nam Association of Financial Investors (VAFI).
Deputy Prime Minister Trịnh Đình Dũng called for more Japanese investment in automobile, energy and tourism industry, which are fields with huge demand and development potential in Việt Nam.
The two sections of the North-South high speed railway will be built first and expected to be up and running in 2032.