Metro Line 2 is a major rail infrastructure project being developed with a target opening in 2030. The line is planned to span 64 kilometers with 36 stations. Construction began in January, and the project is to be built in three phases.
THACO Group, one of Vietnam’s leading conglomerates, is overseeing the Line 2 buildout. Hyundai Rotem will supply driverless electric multiple units for the line.
Hyundai Rotem also signed a memorandum of understanding with THACO Group to supply the line’s signaling system, its first overseas supply of an unmanned driving signaling system.
The company said it has worked to expand into Vietnam’s rail business since signing a localization agreement last year with THACO Group covering urban rail and high-speed rail rolling stock. Hyundai Rotem said the latest order provides a foothold for broader expansion and could support bids for large projects expected to be tendered, including the North-South high-speed rail project.
The North-South high-speed rail project is estimated to total about 100 trillion won, making it Vietnam’s largest infrastructure development to date.
"Entering Vietnam’s rail market for the first time, we have broadened our business base and built a meaningful foundation for local cooperation," a Hyundai Rotem official said. "We will work to establish ourselves as a partner contributing to the growth of Vietnam’s rail industry, seek new business opportunities, and help create a solid foundation for the development of Korea’s rail industry as well."
Hyundai Rotem said it is also working with more than 500 partner companies to develop overseas markets and support joint expansion, including through a shared-growth fund, joint research and development, and other technical assistance.
* This article has been translated by AI.
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