How is China funding Vietnam's railway project and what can Vietnam learn from Laos' experience?

China will fund Vietnam's new railway project through loans as part of its Belt and Road Initiative, a trillion-dollar global infrastructure network program. The funding approach is similar to what China implemented in neighboring Laos, where they built a major high-speed rail system in just a few years. However, Vietnam can learn a cautionary lesson from Laos' experience, where the high-interest loans for their railway project left the country struggling with a mountain of debt. This highlights the potential financial risks that accompany infrastructure development under China's Belt and Road Initiative despite the rapid development benefits.