Vietnam Approves $67 Billion High-Speed Rail Project
Vietnam’s National Assembly approved the construction of a $67 billion high-speed railway connecting Hanoi and Ho Chi Minh City, spanning 1,541 kilometers. The project, slated to begin in 2027 with completion by 2035, aims to reduce travel time from 30 hours to five hours at speeds up to 350 kph. The line will feature numerous passenger and freight stations, serving both civilian and defense needs. While prioritizing domestic funding, Vietnam may explore affordable, non-restrictive foreign loans.
John Q. Hosedrinker