HANOI -- The owner of Vietnamese conglomerate Vingroup has bid to build and operate a government-proposed 1,541-kilometer high-speed railway connecting Hanoi and Ho Chi Minh City that is expected to cost around 1,562 trillion dong ($61 billion).
Transportation
Vingroup proposes new unit to build, run Vietnam's $61bn bullet train
Conglomerate says it is negotiating with partners in Japan, China and Germany
Vietnam's first billionaire calls on the government to clear land, then relocate and compensate the approximately 120,000 citizens living along the planned railway's coastal route. (Nikkei montage)
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