Vietnam Approves $67 Billion High-Speed Rail Connecting Major Cities

Vietnam has approved a $67-billion high-speed railway project connecting Hanoi and Ho Chi Minh City, aiming to enhance infrastructure and attract foreign investment. The 1,500-kilometer railway, expected to start construction in 2027 and operational by 2035, will significantly reduce travel time from 30 to 5 hours. The project faces challenges due to difficult terrain and unclear financing, but it is seen as crucial for Vietnam's economic growth and transport restructuring.