Project requires help from international organizations such as the World Bank and the Asian Development Bank before it can get off the ground.
Vietnam Railways Corp announced today that it will use Japanese Shinkansen technology for its planned high-speed rail line between the capital Hanoi and Ho Chi Minh City. The 1,000-mi railway will replace a train line originally built during French colonial control, covering most of the country’s north-south length. Though the mammoth project has yet to be funded, Japanese train manufacturers took heart in the news as they begin their push into international markets such as the United States.
Hanoi and Ho Chi Mihn City are Vietnam’s two largest cities, and their metropolitan areas represent about 10% of the country’s population alone. The new railway would also provide fast access to major cities such as Vinh and Nha Trang, each on the country’s coast. The first