Vietnam to take Chinese loans for $8.3bn railway linking nations

Hanoi looks to China for funding and technology to upgrade network

20250213 Chinese yuan

A Vietnam Railways engine in Ho Chi Minh City: Vietnam will take on loans from China to help pay for a 391-kilometer railway linking China and the Vietnamese port city of Haiphong. © AP

HANOI (Reuters) -- Vietnam plans to take loans from the Chinese government to partly fund a $8.3 billion project to build a new railway linking the two countries, the transport minister said on Thursday.

Vietnam has been seeking to upgrade its aging railway systems, and has approached China for funding and technology.

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