HANOI: Vietnam said on Saturday (Nov 30) that it will build a US$67 billion high-speed railway from Hanoi to Ho Chi Minh City, in a much-needed boost to infrastructure that is expected to drive growth and enhance its reputa
China also need to find work for its diminished construction companies, which are still a giant part of China’s economy. So I expect rail equipment constructed in China to be cheaper than normal and the engineering teams to have a lot of experience which will make design quick and cheap.
That said, I agree that Vietnam should engage in staged construction of the railway as Vietnam doesn’t have the bankroll that China had when building out its system.
China also need to find work for its diminished construction companies, which are still a giant part of China’s economy. So I expect rail equipment constructed in China to be cheaper than normal and the engineering teams to have a lot of experience which will make design quick and cheap.
That said, I agree that Vietnam should engage in staged construction of the railway as Vietnam doesn’t have the bankroll that China had when building out its system.