Vietnam on Saturday approved the construction of a high-speed railway connecting the capital Hanoi in the north to Ho Chi Minh city in the south at an estimated cost of $67 billion.

The National Assembly of Vietnam has approved a government proposal to build a 1541km high-speed line connecting Hanoi with Ho Chi Minh City.

Vietnam's 15th National Assembly has passed a resolution on the investment policy for the north-south high-speed railway project with a total investment of 1.7 quadrillion Vietnamese dong (about US$67 billion).

Vietnam's parliament approved laws on data protection and electricity, as well as a resolution supporting a $67 billion high-speed rail project on Saturday, the last day of its twice-yearly regular session.

The National Assembly has approved the $67 billion North-South High-Speed Railway, an ambitious infrastructure project set to reshape Vietnam’s transportation landscape by 2035.

Vietnam said Saturday that it will build a $67 billion high-speed railway from Hanoi to Ho Chi Minh City, in a much-needed boost to infrastructure that is expected to drive growth and enhance its reputation among foreign investors.

Vietnam's parliament approved laws on data protection and electricity, as well as a resolution supporting a $67 billion high-speed rail project on Saturday, the last day of its twice-yearly regular session.

Vietnam has approved the construction of a high-speed railway connecting the capital Hanoi in the north with the financial capital of Ho Chi Minh in the south

Vietnam is going ahead with a multi-billion-dollar high-speed rail line that will link around 20 destinations and span over 957 miles, the country's federal parliament confirmed on Saturday.

Vietnam will start building a $67 billion high-speed rail network to connect its northern and southern provinces in 2027, as the government plans large infrastructure projects to support its economic growth ambitions.