Published on YouTube: Vietnam approves railway project: China to help fund route connecting both countries

Vietnam approves railway project: China to help fund route connecting both countries
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. Locals anticipate a more convenient travel experience. The project is part of China’s Belt and Road initiative, offering infrastructure investment despite Vietnam’s balancing act with the US. Al Jazeera’s Behdad Mahichi reports. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://ift.tt/GCsnKTZ Check our website: https://ift.tt/u9CPjHN Download AJE Mobile App: https://ift.tt/FmhNiAD #Vietnam #RailwayProject #China #Infrastructure #Trade #Tourism #BeltandRoad #Haiphong #LaoCai #EconomicGrowth #Transportation #VietnamRail #Investment #Manufacturing #VietnamChina #TransportRevamp #GlobalInfrastructure #HighSpeedRail
via YouTube https://www.youtube.com/watch?v=RtuE2z1mNe4