Vingroup, Alstom agree deal for 200 Hanoi metro trainsets

Rheinmetall and Alstom have reached an agreement in principle for Rheinmetall to acquire Alstom's locomotive factory in Kassel, Germany, according to the companies.

Granite Asia and Google AI Futures Fund will co-invest up to $2M in Asian AI startups, focusing on 5 key areas. Vingroup signed a deal with Alstom for 200 trains for Hanoi's metro, including tech licensing for local manufacturing.

Alstom secured three major contracts worth over €800 million, including orders for trains and locomotives, expanding its installed base and securing long-term maintenance work. Analysts project €22.4 billion in revenue and €877.3 million in earnings by 2029, with a potential 30% upside. The company faces risks from delayed projects and supply chain issues, but recent wins support future activity and services.

Alstom and Vingroup (HoSE: VIC) agreed to supply up to 200 metro trains for Hanoi's urban rail projects. Alstom will manufacture up to 83 trains in France, while Vingroup will assemble up to 117 in Vietnam using Alstom components. The deal includes a technology license for local assembly. Hanoi plans to expand its urban rail network to 979 km by 2045.

Alstom and Vingroup agreed to design, manufacture, and supply up to 83 Metropolis trains for Hanoi's urban rail projects. Alstom will produce the trains in France, while Vingroup will assemble additional trains in Vietnam. The deal supports Hanoi's plan to develop a 979-kilometre urban rail network by 2045.

Alstom, as part of the Sihamba Sonke Mobility Consortium, won a 15-year, 800 million EUR contract to modernize the Gautrain commuter system in South Africa. The project includes new trains, signaling upgrades, and maintenance services, aiming to improve capacity and passenger experience. Alstom will manufacture trains locally, supporting industrial growth and skill development.