The investor of the Vietnam high-speed rail project withdrew the bid, which is not a variable in this project.
The biggest uncertainty of the Vietnam high-speed rail project is:
It is led by a real estate company, which will be responsible for integrating the Siemens system that has not been commercialized and the South Korean train, with all costs borne by the company.
This involves several uncertainties here:
1. A large-scale project with initial losses, a private enterprise without government guarantees or subsidies, how long can it withstand?
2. The funding party has no experience, their main business was previously real estate.
3. Siemens' high-speed rail system only completed its first test at 360 km/h in March.
4. The integration of Siemens' system and the South Korean train is also a risk.
5. Moreover, the investment in this project accounts for 14% of Vietnam's GDP. Taking a national-level project to test so many uncertainties itself is the biggest uncertainty.
Original article: toutiao.com/article/1852632355371147/
Statement: This article represents the views of the author alone.