VTG (Canada) Wants to Invest in The Metro Line in Hanoi

On November 22nd, Deputy Prime Minister Trinh Dinh Dung has met Mr. Richard Courey, President and CEO of Vision Transportation Group (VTG) from Canada to discuss VTG’s plan to invest in Vietnam.

At the meeting, Deputy Prime Minister Trinh Dinh Dung welcomed and highly appreciated the experiences of VTG in the field of transportation infrastructure project development in many countries around the world. According to Deputy Prime Minister, in the current context, Vietnam is advocating the mobilization of social resources to invest in developing infrastructure for socio-economic development. Therefore, the Government always welcome and appreciate the determination of potential international partners who are experienced in investing in infrastructure projects in Vietnam.

VTG has researched and proposed with Hanoi, the Government, ministries and departments to implement the project of urban railway no. 2 connecting Noi Bai airport with the West Lake area in the form of public – private partnership (PPP).

According to research of VTG, this will be the urban railway that is completely feasible in technology and the ability to recover capital, ensuring benefit for investors.

Richard Courey and his colleagues have reported to the Deputy Prime Minister on the idea, method, technology, investment progress of the project, and proposed some recommendations to the Government. Furthermore, he also affirmed that with their reputation and experiences, VTG is fully qualified in professional and financial capacity to successfully implement the project, meeting all the requirements of the Government of Vietnam.

Vietnam Deputy Prime Minister also suggested VTG to study more investment projects to develop infrastructure, especially railway transport infrastructure, including the North-South high-speed railway.

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

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