Vietnam's richest man Pham Nhat Vuong takes on Hanoi's $49B metro projects (opens original article in a new tab)

Hanoi launched five $49 billion metro lines with Vingroup, Vietnam's richest man's company, as the main contractor, aiming to complete them by 2030.

• Hanoi broke ground on five metro lines worth $49 billion on June 22, 2026.
• Vingroup, controlled by Pham Nhat Vuong, will build all five metro lines by 2030.
• The project includes 303.5 km of tracks connecting major areas and airports in Hanoi.