Vietnam Greenlights $67B High-Speed Rail Linking Hanoi and Ho Chi Minh City

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 1,541-kilometer line will feature trains traveling at speeds up to 350 kph and is expected to be operational by 2035. The project, which will pass through 20 provinces, is seen as crucial for meeting growing transport demands and boosting economic growth. Vietnam plans to prioritize domestic funding but may seek foreign loans if necessary.