Vietnam parliament approves $8 billion railway with loan from China
www.voanews.com
Project intended to improving transport connections between the 2 neighboring countries

The Vietnam National Assembly on Wednesday gave a near-unanimous approval to a railway bill that allows the country to utilize Chinese loans for the construction of a new $8.3 billion link aimed at improving transport connections between the two neighboring countries.

  • unexposedhazardEnglish
    9·
    2 days ago

    The US really fucked its soft power plans with trump. When trump is eventually gone (peaceful or not) and the world takes a look around it will be interesting to see how much can happen without the US being involved.

    • aleq@lemmy.worldEnglish
      3·
      2 days ago

      This is quite unrelated to Trump though I think? China has been offering these kinds of deals for a very long time. Relations with Sweden were severely soured a while back in part due to denial of some railway infrastructure deal (was denied due to national security reasons IIRC).

      • commander@lemmings.worldEnglish
        4·
        2 days ago

        It’s definitely unrelated to Trump.

        China has been eating the US’ lunch when it comes to these initiatives.

        • unexposedhazardEnglish
          4·
          2 days ago

          Thats what i meant tho. China has been on top of their game before trump already. Now that the US stopped all their USAID stuff and other funding, china has no competition at all.

    • Rin@lemm.eeEnglish
      32·
      2 days ago

      That’d be fucking terrible. China loves giving out loans countries can’t pay.