Beijing (VNA) - Vietnam and China have discussed measures to bolster transport collaboration, particularly in railway development, at a recent meeting between Minister of Construction Tran Hong Minh and Chinese Minister of Transport Liu Wei as part of the former’s working trip to China.
At the event, Minh underscored the Vietnamese Party and Government’s political determination to bring into full play the common perceptions on cross-border railway connectivity and cooperation between the two countries.
From late 2023 to December 2024, the Vietnamese Ministry of Transport (now the Ministry of Construction - MoC), China’s National Development and Reform Commission (NDRC), and the China International Development Cooperation Agency (CIDCA) signed six documents to advance the construction of railways. Additional documents have been planned, including a Memorandum of Understanding (MoU) between the MoC and the NDRC on establishing a Vietnam – China railway cooperation committee and several documents on plans for such railway routes as Dong Dang – Hanoi, Mong Cai – Ha Long – Hai Phong, and Lao Cai – Hanoi – Hai Phong.
Vietnam is striving to break ground on the Lao Cai – Hanoi – Hai Phong project by the end of this year, he said, adding the National Assembly approved 18 special mechanisms and policies to carry out the project.
Minh suggested the Chinese sides soon carry out important works for the railway construction, comprising the approval and presentation of diplomatic note regarding non-refundable aid for the project feasibility study, and introduction of capable Chinese firms to form partnerships with Vietnamese companies.
Beyond railway development, the ministers reviewed bilateral cooperation in cross-border road transport, with various meetings already held to address challenges like visa procedures for drivers, cargo transportation regulations, and customs supervision. Additionally, they proposed initiatives to facilitate transportation across China, Vietnam and Cambodia.
The two sides are preparing to finalise procedures for signing three documents, namely an agreement and a protocol for transport infrastructure development at the Thanh Thuy (Ha Giang, Vietnam) - Tianbao (Yunnan, China) border gate, and a MoU on cooperation between the two ministries, in April.
Liu praised the practical and effective transport cooperation between the two countries over the recent past. He committed to reporting the discussed proposals to the Chinese Government and working with relevant agencies to advance the projects.
The two ministers were unanimous to bolster cooperation in the time head in the spirit of the comprehensive strategic cooperative partnership and promote the building of the Vietnam – China community with a shared future./.

See more

Vietnam develops roadmap for establishing international financial centre
Speaking at a conference on creating a financial centre in Vietnam on March 28, Minister of Finance Nguyen Van Thang said Vietnam is “on the brink of a golden opportunity” to establish itself as a key player in the global financial arena.

Ample room to float Vietnam’s shipbuilding industry
As domestic and global demand for new ships continues to rise, Vietnam's shipbuilding industry has significant potential for growth.

Dong Nai approves planning for 3 billion USD urban area project
Located along the Dong Nai River, the 293-hectare Hiep Hoa Urban Area project in Bien Hoa city, Dong Nai province will feature a new urban complex with a low population density, modern infrastructure, and a harmony with nature. The development will also focus on sustainable tourism, offering a mix of residential areas, commercial-service housing for tourism, ecological villas, and public services.

Vietnam, South Africa eye stronger air logistics links
While South Africa’s aviation logistics sector plays a crucial role in its economy, Vietnam still has significant potential for development, particularly in air freight.

Tra Vinh approves investment policy for five more wind power projects
The Tra Vinh provincial People’s Committee has given the green light to the investment policy for five wind power projects, for an investment total of over 13.8 trillion VND.

Deputy PM requests investigation into record high pork prices
Pork prices reach as high as 80,000 VND (3.14 USD) per kilogramme in some localities, which is the highest level in the last five years.

Dong Nai holds dialogue with FDI enterprises to ease difficulties
At the event, businesses raised concerns related to value-added tax refunds, increased land rental costs, reduced LNG supply, labour shortages, the issuance of construction ownership certificates, and environmental hygiene and traffic safety on roads within industrial zones.

Green Future powers green tourism in Da Nang with 1,000 electric vehicle lease
Under the deal, GF will initially deliver 300 VinFast EVs to First Real to jointly advance sustainable tourism, providing visitors with eco-friendly and convenient transportation options. The remainder will be handed over within this year.

Binh Dinh approves 62 investment projects worth over 9 billion USD
With a sound investment climate, Binh Dinh has become an attractive destination for investors, positioning itself as one of the most dynamic economic hubs in the country, and a leading development province in the region.

Tuna exports hit record high but face major regulatory barriers
Statistics from Vietnam Customs show that the value of tuna exports in February reached nearly 73 million USD, which marks a 41% increase on-year and the highest level for the same period over the past five years.

Viettel’s new member aims to exploit customer service market
Viettel Customer Service is a technology company focused on customer services, offering end-to-end solutions including consulting, design, software development, and human resources.

Over 6.2 billion USD needed for expanding North-South expressway
The Ministry of Construction has proposed expanding the 1,144-km eastern wing of North-South expressway from Hanoi to Ho Chi Minh City from four to six lanes, at an estimated cost of 152.1 trillion VND (around 6.2 billion USD).

Vietnam-Canada Business Association expands operation
The establishment of the Eastern Chapter not only marks a significant step in the Vietnam-Canada Business Association's growth but also addresses the rising demand for networking and collaboration among Vietnamese and Canadian entrepreneurs in the region.

📝OP-ED: Apparatus streamlining and SOEs’ leading role
Currently, in Vietnam, there are more than 670 SOEs, with about two-thirds wholly owned by the state. In the remaining ones, the state holds more than 50% of the charter capital.

Int’l financial centre ensures Vietnam’s sustainable financial growth: Experts
Financial experts expressed their willingness to share knowledge, expertise, and support Vietnam’s access to vital capital, while as assisting Vietnam in training and recruitment of highly skilled financial professionals to ensure the swift and effective development of the financial centres. Additionally, they committed to connecting Vietnamese businesses with German and international investors.

Reference exchange rate falls 3 VND on March 28
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,843 VND/USD on March 28, down 3 VND from the previous day’s morning.

Banks launch automatic profit-making products to draw depositors
The automatic profit-making products help commercial banks retain customers in the context of increasingly widespread cashless payments and the increasing number of people keeping money in their payment accounts for daily spending.

Rang Dong and VinFast Energy partner on advanced energy storage solutions
The partnership, inked on March 27, focuses on battery energy storage systems (BESS) integrated with smart lighting to enhance energy efficiency, cut costs, and improve user experience for both households and businesses.

Enterprises strengthen environmental responsibility through EPR implementation
The legal framework now mandates that businesses fulfil their extended responsibility by either organising recycling operations or financially supporting waste treatment, he added.

VSIP expands industrial park development in Vietnam
The new VSIP projects will be developed as green industrial parks incorporating advanced technologies and environmentally friendly solutions.