Efforts are being ramped up to fast-track three key railway projects connecting Vietnam and China, according to the Ministry of Construction. Among the planned routes, the Lao Cai-Hanoi-Hai Phong-Quang Ninh railway is expected to break ground first. Following the National Assembly’s adoption of Resolution No. 187 on the investment policy, the Vietnamese and Chinese sides agreed to accelerate preparations to begin construction of the project by the end of 2025.
To meet the December 19 groundbreaking target for the Lao Cai – Hanoi – Hai Phong line at five designated sites, he tasked the Ministry of Construction with drafting a detailed critical path timeline. Meanwhile, Deputy Prime Minister Tran Hong Ha was assigned to oversee execution and inter-ministerial coordination.
Many foreign investors have expressed their interest in railway projects of Vietnam amid the Ministry of Transport (MoT)’s efforts to attract private and foreign investment in railway infrastructure, an official of the Vietnam Railway Authority (VNRA) has said.
The China Eximbank has disbursed 18.25 million USD for the Cat Linh – Ha Dong Railway Project, said Vu Hong Phuong, Deputy Director General of the Railway Project Management Unit, on May 16.
Thailand and China started construction on a 14 billion-USD railway projects in Chiang Rak Noi Station in central Thailand's Ayutthaya province on December 19.
Thailand and China have agreed to double their bilateral trade to 120 billion USD in the next five years from an estimated 60 million USD at the end of this year.
