In its announcement on Monday, Alstom said the trains are part of the agreement announced on October 6 with Vietnamese conglomerate Vingroup. The trains will be designed and manufactured at Alstom's Valenciennes Petite-Forêt site in France, it said.

The order will be recorded in the third quarter of Alstom's 2026/2027 fiscal year.

Under the deal between the two sides, Alstom will design and manufacture up to 83 Metropolis trains at its Valenciennes Petite-Forêt metro manufacturing site in France.

Vingroup (HoSE: VIC), through its subsidiary Vinhomes (HoSE: VHM), will assemble up to 117 additional trains in Vietnam using components supplied by Alstom.

The deal also includes a technology license to support the local assembly of the additional trains. The five-car trains will feature new-generation designs aimed at improving operational efficiency and passenger safety, Alstom said.

Under Hanoi's master plan with a 100-year vision, Hanoi aims to develop a 979-km urban rail network comprising 18 lines by 2045. The network is expected to become the backbone of public transport in the capital. Authorities also see urban rail as a way to ease traffic congestion, reduce pollution and improve residents’ quality of life.

Alstom has operated in Vietnam for more than 30 years and has supplied railway signaling, telecommunications and metro systems in the country.

The company has provided signaling and telecommunications modernization services for the first and second phases of the Hanoi-Vinh (Nghe An province) regional railway line. It has also supplied signaling and telecommunications systems for Ninh Binh station.

For the Hanoi Metro Line No.3, Alstom supplied and integrated the metro system, including 10 four-car Metropolis trains designed and manufactured in France. The project also includes the Urbalis 400 signaling system, power supply equipment and depot systems.