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Vietnam's railway expansion to drive 4 mnt of steel demand by 2030

Source: BigMint Jul 27, 2026 10:00

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Development of high-speed and urban railway networks driving demand. Hoa Phat adds 700,000-t annual rail capacity; Vinmetal expands output

Vietnam is expected to require around 4 million tonnes (mnt) of railway rails between 2026 and 2030 as it accelerates the development of high-speed and urban railway networks. The growing demand has prompted domestic steelmakers to invest in dedicated rail production facilities to support upcoming infrastructure projects. According to an

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