News about Vingroup

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.

VinMetal, part of Vingroup, has signed a contract with Italy's Danieli & C. Officine Meccaniche S.p.A. to supply core equipment for the rail and section steel rolling line at its Hà Tĩnh steel complex. Under the contract, Danieli will design, manufacture, supply and commission equipment for a line with capacity of over 700,000 tonnes per year. Danieli has more than 100 years of experience, has delivered over 1,000 projects, and has supplied technology to rail producers such as Voestalpine and Mechel. The products are aimed at high-speed rail, urban rail, bridges, ports and logistics projects, helping secure domestic supply and reduce reliance on imports. The Vũng Áng Economic Zone complex is designed to reach about 6 million tonnes per year in phase 1, with plans to expand to 20 million tonnes per year in phase 2.