Japan Quits! Vietnam Hands Over $67 Billion North-South High-Speed Rail Project To China

Beijingwalker

Beijingwalker

Elite Member
Joined
Nov 4, 2011
Messages
76,185
Reaction score
104,034
Country of Origin
Country of Residence

Japan Quits! Vietnam Hands Over $67 Billion North-South High-Speed Rail Project To China​


As early as 2001, Vietnam proposed a grand idea, which was to build a high-speed railway covering the whole country. It was not until 2016 that Vietnam decided not to accept China's cooperation proposal and chose to cooperate with Japanese railway companies instead.

However, 18 years have passed, and the project has not yet moved from the planning stage to actual construction. This long delay has caused the project to stagnate and made the cooperation relationship between the two sides shaky.

Faced with this situation, the Vietnamese government took decisive action this year. They held a special meeting on the "Investment Policy of the North-South High-Speed Railway Project" and decided to invest 67 billion US dollars to promote this high-speed railway project that runs across the north and south.

But in fact, Vietnam also faces a series of problems in restarting this high-speed railway project, such as how to raise tens of billions of dollars in project funds, and the current lack of high-speed railway technology in Vietnam. Will they choose international partners or let their own construction companies undertake the project?

It was not until March this year that the Vietnamese government made a major decision to terminate cooperation with Japan and seek financial and technical support from China. This shows that Vietnam's confidence in Japan has weakened, and it has begun to recognize China's capabilities in high-speed railway technology and construction.

So why has Japan failed to complete the construction of this high-speed rail line for so many years? Now, can China help Vietnam complete this great high-speed rail project?
 
Source:
https://www.youtube.com/watch?v=Ijyh2j15QXY

Vietnam Party chief welcomes China’s engagement in 3 railway projects​

By Quang Minh
Tue, August 20, 2024 | 10:10 am GMT+7

Vietnam’s top leader To Lam has expressed support for China’s engagement in developing three standard-gauge railway projects linking the two neighboring countries.

At a meeting with Chinese Premier Li Qiang in Beijing on Monday, Vietnamese Party General Secretary and President To Lam also backed Chinese participation in the Vientiane-Vung Ang railway in central Vietnam and metro lines in Hanoi.

Vietnam’s Party General Secretary and President To Lam (left) and China’s Premier Li Qiang at a meeting in Beijing, August 19, 2024. Photo courtesy of Vietnam News Agency.

Vietnam’s Party General Secretary and President To Lam (left) and China’s Premier Li Qiang at a meeting in Beijing, August 19, 2024. Photo courtesy of Vietnam News Agency.​

In response, Li showed China’s readiness to improve the rail linkage between Vietnam and Europe via China and accelerate the feasibility study of the Lao Cai-Hanoi-Hai Phong railway. In addition, he agreed to make planning for the Dong Dang-Hanoi and Mong Cai-Ha Long-Hai Phong railways.

Rail connection between the two countries was outlined during the visit of China's Party General Secretary and President Xi Jinping to Hanoi in December 2023.

The Cat Linh-Ha Dong, built with Chinese ODA, is the first fully operational metro line in Vietnam.

At the Monday meeting, Lam asked China to continue opening up its market for high-quality farm produce from Vietnam, and facilitate the country to set up its Consulate General in Chongqing and trade promotion offices in China.

He also proposed China accelerate big-ticket and high-quality investment projects with modern technologies in Vietnam, representing China’s advances; soon pilot smart border gates; promote payments in local currencies; and step up collaboration across the areas of science-technology, innovation, green transition, digital transformation, and high-tech agriculture.

The Vietnamese leader also hoped the two sides will boost cooperation in education, culture, and tourism, bringing Chinese arrivals in Vietnam to pre-pandemic levels.

For his part, Li promised more facilitation of Vietnamese high-quality agro-fishery products’ entry into China.

The two sides also touched upon regional and international issues of mutual concern. They agreed to jointly control and satisfactorily settle disagreements, maintain peace and stability at sea, and consolidate a favorable environment for the development of each nation.

Trade between Vietnam and China reached $173.3 billion in 2023, down slightly from 2022, according to Vietnam’s government data. China has remained Vietnam’s largest trading partner and import market for years.

Mainland China was the fourth-largest investor in Vietnam between January and July, with commitments reaching $1.91 billion, down 18% year-on-year, according to Vietnam’s Ministry of Planning and Investment.

 
I believe that Japan now is focusing to bring about India's first high speed railway, it doesn't have time and resources for Vietnam.

微信图片_20240820135837.png
 
It's better for China to leave Vietnam's HSR alone for various reasons. I think Vietnam is going to break its North-South HSR line into many sections and then award each section to a different bidding country.
 
Last edited:
Beijingwalker said:
I believe that Japan now is focusing to bring about India's first high speed railway, it doesn't have time and resources for Vietnam.

View attachment 60323
Click to expand...
Vietnam unlike India is too small a fish for the Japanese to spend huge resources on such as the North-South HSR project to make it an useful pawn against China.
 
Last edited:
And India Japan railway project doesn't go anywhere either while China completes various of railway projects around the world each passing year.
 
The key issue still lies in the negotiation of funding. If Vietnam can solve the funding issue on its own, it will be much simpler and faster. If funding is required from China, it depends on what conditions and guarantees Vietnam is willing to offer.

Japan building high-speed rail for India? Does India want to wait for several more decades?

Japan indeed has advanced high-speed rail technology. However, Japan lacks strong and comprehensive complex environment bridge and tunnel technology. China, during its large-scale domestic high-speed rail construction, has experienced numerous challenges in various complex geographic environments, and has accumulated extensive experience. This is something Japan does not possess and is the core reason why Japan failed in the competition for the Indonesian high-speed rail project.
 
That is very expensive, Japan prefer funding Jakarta MRT East West.

84 kilometers

 
ety said:
It's better for China to leave Vietnam's HSR alone for various reasons. I think Vietnam is going to break its North-South HSR line into many sections and then award each section to a different bidding country.
Click to expand...
Goop riddance, another Philipain awaiting.
 
It is quite surprising how Japan failed to build HSR lines in Vietnam for 18 years.

18 years???
 
Menthol said:
It is quite surprising how Japan failed to build HSR lines in Vietnam for 18 years.

18 years???
Click to expand...
Japanese look down on East Asians for being poor and backwards. NOT North-East Asians that comprise of China, Japan, Korea. As such, they delayed the HSR for so long because they felt Vietnam NOT worthy of the King method of land transport...
 
Many old PDFers still harbor the old idea that Japan is a technologically developed country, it no longer is for quite some time.
 
You must log in or register to reply here.

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)

Pakistan Defence Latest

Country Watch Latest

Latest Posts

Share this page

Back
Top