What is Vietnam's new railway project and what are its objectives?

Vietnam is embarking on an $8 billion railway project backed by China, scheduled to begin construction later this year. The railway will connect Vietnam's port city of Haiphong to Lao Chai on the Chinese border, replacing struggling colonial-era rail infrastructure built during French rule. The project aims to promote economic growth and tourism by providing faster and more reliable transportation for both passengers and freight. This significant infrastructure upgrade comes as Vietnam seeks to address growing demand from its manufacturing sector and increasing trade with China, aligning with Beijing's broader Belt and Road Initiative.