Abstract: The purpose of this study is to correctly assess the current status of railway development and forecast the development trend, assess the advantages, limitations and make recommendations to perfect the railway development strategy to 2045. To have arguments to assess the current status and make accurate forecasts correctly, this study studies the State and Ho Chi Minh City documents on the current status of railway construction and development in the past and the railway development plan to 2045. The results show that, in the past, urban railways have received great attention and investment, but the results have not been high, only 01 railway line has been put into operation. The implementation of other railway lines still faces many difficulties. Based on the assessment of the current situation and the railway development strategy of the government and Ho Chi Minh City, this study identifies the limitations and causes of these limitations, thereby proposing solutions to improve the railway development strategy in the future.