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Alstom and Vingroup join forces to advance Vietnam's urban rail ambitions

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Alstom and Vingroup join forces to advance Vietnam's urban rail ambitions
Business

Business

Alstom and Vingroup join forces to advance Vietnam's urban rail ambitions

2026-10-06 17:26 Last Updated At:18:55

  • The agreement covers up to 83 five-car Metropolis trainsets combined with a technology licence agreement
  • The trains will be designed and manufactured at Alstom's Valenciennes Petite-Forêt site in France
  • The technology licence agreement will support the assembly of additional trains in Vietnam by Vingroup
  • HANOI, Vietnam, BANGKOK and SINGAPORE, Oct. 6, 2026 /PRNewswire/ -- Alstom, a global leader in smart and sustainable mobility, and Vingroup, through its member company Vinhomes, have entered an agreement to design, manufacture and supply up to 83 five-car Metropolis trains and a technology licence to support the assembly of 117 additional trains in Vietnam for urban rail projects in Hanoi[1].

    Alstom will design and manufacture the trains in France, at Valenciennes Petite-Forêt site, its centre of expertise for metros. These will be new-generation five-car trains, offering advanced features in design, operational efficiency and safety. The remaining 117 trains will be assembled by Vingroup in Vietnam using components delivered by Alstom.

    The agreement was signed at Vingroup headquarters in Hanoi in the presence of Martin Sion, CEO of Alstom and H.E Mr. Didier Le Bret, French Ambassador in Vietnam, highlighting the growing strategic cooperation between France and Vietnam in infrastructure, innovation and sustainable development.

    "This agreement is a major milestone for Alstom in one of the fastest-growing mobility markets in the world. By combining Alstom's global expertise with Vingroup's industrial strength and long-term vision, we are creating a unique partnership that supports both the expansion of Hanoi's metro network and the development of local rail capabilities. This agreement also demonstrates the strength of French rail technology and reinforces Alstom's position as a trusted partner for major mobility projects across the region", said Martin Sion, Alstom CEO.  

    Mr. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup, said: "Our partnership with Alstom will create an opportunity for Vietnam to access and progressively develop capabilities in advanced rail technologies. This is an important step in Vingroup's strategy to develop Infrastructure as a new strategic pillar, with the vision to contribute to building infrastructure foundations that are of long-term significance to the country. We believe that connecting international technology and expertise with Vietnam's industrial capabilities will create value beyond a single project, contributing to the development of a rail industrial ecosystem and strengthening Vietnam's self-reliance and competitiveness in next-generation transport infrastructure."

    The partnership between Alstom and Vingroup comes as Hanoi accelerates the development of its urban rail network, with the aspiration of building a modern, integrated and sustainable transport system for the capital. Under Hanoi's Capital Master Plan with a 100-Year Vision, the city intends to develop a 979-kilometre urban rail network consisting of 18 lines by 2045. The network is expected to serve as the backbone of public transport, helping reduce congestion, limit environmental pollution and improve quality of life for residents.

    Alstom has been present in Vietnam for over 30 years and has contributed significantly to the country's modernisation plan in railway solutions. It has provided signalling and telecommunication system modernisation services for the Hanoi-Vinh regional line phase one and phase two and has offered signalling and telecommunication systems for Ninh Binh station. Alstom has also supplied and integrated the metro system for Hanoi Metro Line 3, including ten four-car Metropolis trains designed and manufactured in France, the Urbalis 400 signalling system, power supply and depot equipment.

    ALSTOM™, Metropolis™ and Urbalis ™ are protected trademarks of the Alstom Group.

    About Alstom

    Alstom is the pure rail leader, committed to making rail the backbone of sustainable transportation. We design and deliver a complete range of future-ready solutions – from high-speed and regional trains to metros, monorails, trams, turnkey systems, end-to-end services, infrastructure, signalling and digital rail solutions. With 87,800 people in 61 countries, Alstom brings together global expertise and multi-local presence to make every journey smarter, cleaner and more enjoyable. Together with our partners and customers, we realise the power of rail. Listed in France, Alstom generated revenues of €19.2 billion for the fiscal year ending 31 March 2026. For more information, please visit www.alstom.com

    About Vingroup

    Established in 1993, Vingroup is one of the leading diversified private economic groups in the region, operating across six core sectors: Technology and Industry, Trading and Services, Infrastructure, Green Energy, Culture, and Social Philanthropy.

    For more information, please visit: www.vingroup.net/en

    About Vinhomes

    Vinhomes is Vietnam's leading real estate brand, pioneering the development of large-scale, high-quality urban communities with professional planning, comprehensive amenities and a modern, green and clean living environment, helping shape new lifestyles for Vietnamese residents.
    Alongside 32 urban developments currently in operation across the country, Vinhomes continues to focus on developing new-generation mega and super-scale urban developments of leading regional scale and stature, aspiring to create "some of the world's most desirable places to live" while contributing significantly to the transformation of Vietnam's urban landscape.

    For more information, please visit: https://vinhomes.vn/vi

    [1] Booking expected at financial close

HANOI, Vietnam, BANGKOK and SINGAPORE, Oct. 6, 2026 /PRNewswire/ -- Alstom, a global leader in smart and sustainable mobility, and Vingroup, through its member company Vinhomes, have entered an agreement to design, manufacture and supply up to 83 five-car Metropolis trains and a technology licence to support the assembly of 117 additional trains in Vietnam for urban rail projects in Hanoi[1].

Alstom will design and manufacture the trains in France, at Valenciennes Petite-Forêt site, its centre of expertise for metros. These will be new-generation five-car trains, offering advanced features in design, operational efficiency and safety. The remaining 117 trains will be assembled by Vingroup in Vietnam using components delivered by Alstom.

The agreement was signed at Vingroup headquarters in Hanoi in the presence of Martin Sion, CEO of Alstom and H.E Mr. Didier Le Bret, French Ambassador in Vietnam, highlighting the growing strategic cooperation between France and Vietnam in infrastructure, innovation and sustainable development.

"This agreement is a major milestone for Alstom in one of the fastest-growing mobility markets in the world. By combining Alstom's global expertise with Vingroup's industrial strength and long-term vision, we are creating a unique partnership that supports both the expansion of Hanoi's metro network and the development of local rail capabilities. This agreement also demonstrates the strength of French rail technology and reinforces Alstom's position as a trusted partner for major mobility projects across the region", said Martin Sion, Alstom CEO.  

Mr. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup, said: "Our partnership with Alstom will create an opportunity for Vietnam to access and progressively develop capabilities in advanced rail technologies. This is an important step in Vingroup's strategy to develop Infrastructure as a new strategic pillar, with the vision to contribute to building infrastructure foundations that are of long-term significance to the country. We believe that connecting international technology and expertise with Vietnam's industrial capabilities will create value beyond a single project, contributing to the development of a rail industrial ecosystem and strengthening Vietnam's self-reliance and competitiveness in next-generation transport infrastructure."

The partnership between Alstom and Vingroup comes as Hanoi accelerates the development of its urban rail network, with the aspiration of building a modern, integrated and sustainable transport system for the capital. Under Hanoi's Capital Master Plan with a 100-Year Vision, the city intends to develop a 979-kilometre urban rail network consisting of 18 lines by 2045. The network is expected to serve as the backbone of public transport, helping reduce congestion, limit environmental pollution and improve quality of life for residents.

Alstom has been present in Vietnam for over 30 years and has contributed significantly to the country's modernisation plan in railway solutions. It has provided signalling and telecommunication system modernisation services for the Hanoi-Vinh regional line phase one and phase two and has offered signalling and telecommunication systems for Ninh Binh station. Alstom has also supplied and integrated the metro system for Hanoi Metro Line 3, including ten four-car Metropolis trains designed and manufactured in France, the Urbalis 400 signalling system, power supply and depot equipment.

ALSTOM™, Metropolis™ and Urbalis ™ are protected trademarks of the Alstom Group.

About Alstom

Alstom is the pure rail leader, committed to making rail the backbone of sustainable transportation. We design and deliver a complete range of future-ready solutions – from high-speed and regional trains to metros, monorails, trams, turnkey systems, end-to-end services, infrastructure, signalling and digital rail solutions. With 87,800 people in 61 countries, Alstom brings together global expertise and multi-local presence to make every journey smarter, cleaner and more enjoyable. Together with our partners and customers, we realise the power of rail. Listed in France, Alstom generated revenues of €19.2 billion for the fiscal year ending 31 March 2026. For more information, please visit www.alstom.com

About Vingroup

Established in 1993, Vingroup is one of the leading diversified private economic groups in the region, operating across six core sectors: Technology and Industry, Trading and Services, Infrastructure, Green Energy, Culture, and Social Philanthropy.

For more information, please visit: www.vingroup.net/en

About Vinhomes

Vinhomes is Vietnam's leading real estate brand, pioneering the development of large-scale, high-quality urban communities with professional planning, comprehensive amenities and a modern, green and clean living environment, helping shape new lifestyles for Vietnamese residents.
Alongside 32 urban developments currently in operation across the country, Vinhomes continues to focus on developing new-generation mega and super-scale urban developments of leading regional scale and stature, aspiring to create "some of the world's most desirable places to live" while contributing significantly to the transformation of Vietnam's urban landscape.

For more information, please visit: https://vinhomes.vn/vi

[1] Booking expected at financial close

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Alstom and Vingroup join forces to advance Vietnam's urban rail ambitions

Alstom and Vingroup join forces to advance Vietnam's urban rail ambitions

Crypto's biggest week kicks off as TOKEN2049 Singapore returns on 7-8 October, convening 25,000 attendees from 160 countries with hundreds of side-events to light up the city

SINGAPORE, Oct. 6, 2026 /PRNewswire/ -- TOKEN2049 Singapore has sold out ahead of its return to Marina Bay Sands on 7–8 October, with 25,000 attendees from 160 countries set to attend. This year's edition features 250 speakers across six stages and 500 exhibitors.

This year's speakers include Shayne Coplan, Founder and CEO of Polymarket; Jeff Yan, CEO of Hyperliquid Labs; Eric Trump;Cameron and Tyler Winklevoss, Co-Founders of Gemini; Balaji Srinivasan; Adena Friedman, Chair and CEO of Nasdaq; Jenny Johnson, CEO of Franklin Templeton; Arthur Hayes, CIO of Maelstrom; Tom Lee, CIO at Fundstrat and Chairman of Bitmine; and Raoul Pal, Co-Founder and CEO of Real Vision, alongside hundreds of leading founders, CEOs, investors and builders from around the world.

Alex Fiskum, Co-Founder of TOKEN2049, commented: "We've fully sold out ahead of the event and have an incredible programme lined up - our best yet. Six stages will run in parallel across the two days, with some major announcements set to be made. It's been a full year since our last TOKEN2049 experience. We can't wait to welcome the global industry back to Singapore this week."

What's New at TOKEN2049: Built for Every Corner of the Industry

Taking over all five floors of Marina Bay Sands, TOKEN2049 will transform the venue into a city-within-a-city designed for networking, collaboration and discovery. Across six stages, participants will hear from leading founders, investors and institutions shaping the industry, while dedicated lounges, co-working hubs and networking zones create spaces for conversations and connections beyond the stage.

TOKEN2049 Institutional debuts on 8 October, bringing together 250 senior leaders from global finance and digital assets for a private gathering. Speakers include representatives from Goldman Sachs, BlackRock, Morgan Stanley, Solana Foundation and Franklin Templeton.

The event will also feature a city pavilion for the first time. The Dubai Pavilion will bring together ten exhibitors, including Dubai's Department of Economy and Tourism (DET), the Virtual Assets Regulatory Authority (VARA), real estate developers OMNIYAT and Emaar, and real estate brokerage Prima Luxury.

The NEXUS Startup Competition will see finalists compete for US$250,000, with judges from Dragonfly, Multicoin and Maelstrom. The TOKEN2049 Origins Hackathon returns for its second edition, bringing together leading developers for a 36-hour sprint with a US$150,000 prize pool. Across the venue, TOKEN2049's signature experiences will return, spanning wellness, sport and entertainment, alongside world-class hospitality throughout the event.

TOKEN2049 Week kicks off Singapore's busiest week of the year, with hundreds of side-events across the city leading up to the Grand Prix weekend. TOKEN2049 will also welcome four-time Formula One World Champion Max Verstappen, fellow World Champions Lando Norris and Jenson Button.

TOKEN2049 is supported by a global roster of partners, with Title Sponsors including OKX, Sui, BloFin, Mesh, BingX, TRON and Solana, together with more than 500 exhibitors.

For more information, please visit: https://token2049.com/singapore

PR Newswire is a Community Partner of TOKEN2049 Singapore.

Alex Fiskum, Co-Founder of TOKEN2049, is available for an interview.

About TOKEN2049
TOKEN2049 is the largest global digital assets conference series, with editions in Singapore and Dubai. It brings together founders, investors, institutions and builders to exchange ideas, build relationships and do business. Each edition combines a conference programme and exhibition with networking experiences and a week of events across the host city.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

TOKEN2049 Singapore 2026 Sells Out, Drawing 25,000 Attendees to the World's Largest Crypto Event

TOKEN2049 Singapore 2026 Sells Out, Drawing 25,000 Attendees to the World's Largest Crypto Event

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