Vietnam Greenlights $67B High-Speed Rail Project

Vietnam has approved a $67 billion high-speed railway project connecting Hanoi and Ho Chi Minh City, aiming to reduce travel time from 30 to 5 hours. The 957-mile railway, expected to begin construction in 2027 and operational by 2035, will pass through 20 provinces with 23 passenger and 5 freight stations. The project addresses growing transport needs and is seen as crucial for economic growth, with domestic funding prioritized and potential foreign loans considered.