Alstom has received the first order from Vingroup worth about €800 million (nearly VND 24,000 billion) for Metropolis trains serving Hanoi metro lines, according to an investor report on October 19. The company will book the order in its fiscal 2026-2027 third-quarter results but has not disclosed the number of trains in this first order or the total contract value. Under the agreement signed October 6, the first 83 trains will be built by Alstom in Valenciennes, France, while the remaining 117 will be assembled in Vietnam using Alstom technology and key components. Vingroup, through Vinhomes, is general contractor for five metro lines totaling 303.5 km; the Vinhomes-SGC joint venture signed the contract on October 15, with a package value of about VND 920,000 billion, of which Vinhomes expects to take at least 60%, with completion targeted for 2030.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Tập đoàn Pháp nhận đơn đặt tàu metro 800 triệu euro từ Vingroup
Read the original on VnExpress ↗
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Related tickers and likely impact
VIC
• NeutralVinGroup
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 1,656,797 bn VND |
| P/E | 77.8 |
| P/B | 9.69 |
| Close on 10/16/2026 | 215.00 |
| Change that session | -1.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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