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International Business Times
International Business Times
Business
Tran Thi Minh Ha

MYSTERIOUS: Vietnam to build 67 bn high speed railway - What They Never Told You

Vietnam's transport infrastructure is considered relatively weak, with a road network struggling to keep up with demand and an underdeveloped rail system (Credit: AFP)

Vietnam said Saturday that it will build a $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 reputation among foreign investors.

The railway, which will stretch more than 1,500 kilometres (930 miles) from the capital in the north to the country's business hub in the south, will reduce the current journey time by rail from 30 hours to around five.

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