Vietnam approved a $67 billion, 350 km/h railway its parliament had rejected in 2010. Then its two biggest tycoons offered to build it with state money.
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Vietnam Real Estate & Construction
Expert guides, analysis and tool comparisons on Vietnam Real Estate & Construction from the kurums.com Startup desk — written for business decision-makers and updated as the market moves.
- 5 guides
- Updated Sep 13, 2026
Latest in Vietnam Real Estate & Construction
Hoa Phat: The Steel Company That Outbuilt the State
While the state’s flagship mill rusted half-built, a machinery trader became Southeast Asia’s largest steelmaker. Now it wants to roll the high-speed rails.
Novaland: How Vietnam’s Second Developer Ran Out of Cash
Novaland bought a decade of land with two-year money. When the bond market shut in October 2022, the second-largest developer in Vietnam had weeks of cash left.
Van Thinh Phat and SCB: Anatomy of a $12 Billion Bank Fraud
One woman secretly owned Vietnam’s largest private bank and lent 93 percent of its money to herself. Here is how it worked and how it ended.
Vinhomes: The Developer That Builds Cities and Funds a Conglomerate
Vinhomes sells more homes than any developer in Vietnamese history, and nearly all the cash flows upward to a conglomerate that spends it on cars and trains.
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