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Vietnam would face challenge to realise railway plans

Content type:: Expert Briefings
Location:: VIETNAM
Keywords associated with this article:: Geographic: Vietnam AP China France IMF-World Bank Japan Laos

Topical: economy industry international relations politics construction finance government infrastructure railway transport airlines banking corruption debt growth legislation private sector protest public sector
ISSN:: 2633-304X
Citation:: Oxford Analytica (2022), "Vietnam would face challenge to realise railway plans", Expert Briefings.
https://doi.org/10.1108/OXAN-DB272665

Monday, September 12, 2022

Significance

Vietnam signed a memorandum of understanding on developing such a line with Japan in 2006, but the National Assembly shelved the scheme in 2010. The new project could cost up to USD59bn.

Impacts

China may try to put itself forward as a potential financer, pointing to the large funds at its disposal.
Private sector players would look to secure contracts linked to the project.
There may be disagreement within the government over the project’s economic viability.

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