Laos-Vietnam Railway Project (LVDP)

Dear Member,
With reference to the letter sent to our Chamber by TOBB, the letter of the Ministry of Trade dated 28.10.2025 and numbered 00115093599 forwarded to our Union states that the Ambassador in Vientiane held a meeting with representatives of Pacific Trust Link Holding Company Limited (PTL) regarding the Laos-Vietnam Railway Project (LVDP).
According to the statements made by PTL officials during the meeting, the said project aims to reduce monopolisation in the transport sector in the region and constitutes one of the priority objectives of the governments of Laos and Vietnam. It was also stated that South Korea is leading the project process and that it is desired that the project be carried out within the scope of European projects. For this reason, it was stated that export credit agencies of European countries are showing particular interest in the project, that the Asian Development Bank may also become involved in the process, and that it is planned to finalise negotiations and financing matters with the governments of Laos and Vietnam by the end of 2026.
For the first phase of the LVDP, it is planned to launch the tender process at the beginning of 2027, complete the construction process in 2028 and finish the first phase of the project in 2030; the second phase of the project is targeted to be completed within five years. PTL officials stated that they are ready to meet with Turkish companies that may take an interest in the project.
Documents related to the project are in the annex, and for additional information the Commercial Counsellor's Office in Hanoi ([email protected]) should be contacted.

Annex: Laos-Vietnam Railway Project (LVDP)

Kind regards,
Elazığ Chamber of Commerce and Industry