The project is part of China’s Belt and Road initiative, offering infrastructure investment
Vietnam's colonial-era rail tracks struggle with demand, prompting a new $8bn railway project.
Backed by China, it will connect Haiphong to Lao Cai, boosting trade and tourism.
- The railway aims to improve the speed and predictability of China-Vietnam trade and vital for Vietnam’s manufacturing.
- While Laos faces debt from similar projects, Vietnam hopes the new route will ease domestic transport issues.
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