en.Wedoany.com Reported - South Korea's Hyundai Rotem signed a contract worth approximately $332 million with Vietnam's Thaco Group on April 23 to supply automated metro trains for Ho Chi Minh City Metro Line 2. The agreement includes partial local manufacturing of vehicles at Thaco's new factory, marking Hyundai Rotem's first major rolling stock contract in Vietnam's railway market. In addition to vehicle supply, the two parties also signed a memorandum of understanding on the signaling system, creating the possibility for South Korea's automated railway operation system to be exported for the first time.

Ho Chi Minh City Metro Line 2 has a total length of 64 kilometers with 36 stations and is being built in three phases. This contract covers the rolling stock for the first phase, with an expected completion date of 2030. The official number of trains has not been disclosed. The strategic value of this contract lies in securing future projects through localized production and the potential to participate in Vietnam's planned high-speed railway project, which is valued at $67.5 billion.

Through its localization strategy and support from the South Korean government, Hyundai Rotem has gained an advantage in the Southeast Asian market. The company has previously supplied railway vehicles to the Philippines, Malaysia, and other countries. This contract marks its official entry into the Vietnam market.

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