China Walked Away From Vietnam’s $67 Billion Railway — Now It’s Turning Into a Crisis!

Hey friends, for more interesting insider stories, join my channel: 👉    / @cnntc2024   #China #ChinaNews #Asia #HighSpeedRail #Vietnam #Railway #Port #Transportation When talking about Vietnam's most famous infrastructure project, what comes to mind first? I think many people would think of the North-South High-Speed ​​Railway. This high-speed rail project, approximately 1,500 kilometers long, connecting the northern capital Hanoi to Ho Chi Minh City in the south, has been delayed for nearly a quarter of a century. Since 2025, Vietnam has negotiated with several countries, including Japan, China, France, and Sweden. Previously, many believed that China was the most likely country to undertake the North-South High-Speed ​​Railway project. However, surprisingly, in early June 2026, Vietnam suddenly announced that the North-South High-Speed ​​Railway project, with a total investment of US$67 billion, would be jointly undertaken by Germany's Siemens and South Korea's Hyundai. Vietnamese media described the news as a "historic breakthrough." But just eight days later, Vingroup, Vietnam's largest private conglomerate, announced that it was withdrawing its investment commitment from the high-speed rail project. Meanwhile, many experts, upon learning of this news, stated that Germany and South Korea lacked sufficient experience in this type of project. China is arguably the only country that has actually built high-speed rail in tropical Southeast Asia and accumulated practical experience. This is why many believe Vietnam may suffer a significant loss this time. So the question arises: as a country possessing core global high-speed rail technology, why was the Chinese proposal rejected? Can Germany and South Korea really undertake Vietnam's $67 billion North-South high-speed rail project? ********************************************************* This Is A Channel That Discusses China's Strategy And The Rise Of Asia. We Will Provide An In-Depth Analysis Of The Development Trends In Asia And The Impact Of China's Rise In This New Era. Subscribe To My Channel Now And Learn More About The Latest Developments In China's Strategy, Geopolitics, And Economic Rise. ********************************************************* DISCLAIMER: Our channel is purely made for Information purposes, based on facts, rumors, and fiction. ********************************************************* MUSIC: StoryBlocks/Audio Library 🎥FOOTAGE licensed through StoryBlocks and Filmpac. ********************************************************* Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education, and research. Fair use is a use permitted by copyright statutes that might otherwise be infringing.