US EditionVietnam raises GDP growth target to at least 8%, approves China rail link
- Vietnam's parliament approved an US$8 billion rail link to boost trade with China.
- Lawmakers set a new GDP growth target for 2025 at a minimum of 8%, up from the previous goal of 6.5% to 7.0%.
- The rail project is part of Vietnam's 'Two Corridors, One Belt' initiative, linked to China's Belt and Road global infrastructure program.
- The project is expected to cost $8.3 billion, with partial funding from loans by the Chinese government.
32 Articles
32 Articles
Vietnam approves rail link to China costing US$8b
Vietnam's parliament approved plans yesterday for an US$8 billion (HK$62.4 billion) rail link from its largest northern port city to the border with China, boosting links between the two communist-ruled countries and making trade easier. The new rail line will run through some of Vietnam's key...
Vietnam parliament approves US$8 billion rail link to China, boosting links between 2 communist-ruled countries
By Alice Philipson and Lam NguyenVietnam‘s parliament approved plans on Wednesday for an US$8 billion rail link from its largest northern port city to the border with China, boosting links between the two communist-ruled countries and making trade easier.This photo taken on February 13, 2025, shows a railway worker guiding a train in Hanoi. Vietnam said on February 19 that it will build a US$8 billion rail link from its largest northern port cit…
Vietnam parliament approves $8 billion rail link to China
Vietnam's parliament on Wednesday (Feb 19) approved plans for an US$8 billion rail link from its largest northern port city to the border with China, boosting links between the two communist-ruled countries and making trade easier.
Vietnam raises GDP growth target to at least 8%, approves China rail link
HANOI, VIETNAM — Vietnam's National Assembly on Wednesday approved raising the economic growth target for this year and also voted in favor of major infrastructure projects, including the country's first nuclear power plants and a rail link to China. Lawmakers approved a new growth target for 2025 of at least 8% proposed by the government, an increase from the previous goal of 6.5% to 7.0%. "With faster economic growth, macro stability must stil…
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