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Vietnam 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.
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The HinduThe Hindu
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Vietnam parliament approves $8 billion rail link to China

The route will stretch 390 kilometres (240 miles) from the port city of Haiphong to the mountainous city of Lao Cai, which borders China's Yunnan province, and will also run through the capital Hanoi

·India
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indiaseatradenews.com broke the news in on Tuesday, February 18, 2025.
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