A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

Vietnam’s PM asks Japan for ODA support for North-South railway

The Prime Minister of Vietnam, Pham Minh Chinh, has requested overseas development assistance loans from Japanese Prime Minister Shigeru Ishiba, to build the proposed north-south high-speed railway, VN Express is reporting. This comes after the Ministry of Transport announced that it intended to avoid foreign loans to pay for the project in favour of utilising domestic finances.

“With a spirit of independence and self-reliance, the Politburo has decided that we will not depend on foreign loans, as borrowing from any country often comes with strings attached,” Nguyen Danh Huy, Deputy Minister of Transport, told local reporters last week.

See also: Paying For Vietnam’s High-Speed Rail: Unpacked

Latest news...

Get Vietnam news sent straight to your inbox

advertising enquiry