Vietnam is considering building a high-speed railway spanning the whole country at a possible cost of US$58.7 billion, this was reported by the government in a news release.
Its Transport Ministry will submit a proposal next month to build a 1545 km railway to the Politburo a powerful decision-making body of the ruling communist party.
The first phase will be 665 km covering two sections and will be built at a cost of US$24.72 billion by 2032 while the entire project is expected to be completed by 2040 2050 time period.
The ASEAN member is becoming a major manufacturing hub in the region with China, Europe, and the US looking to get a foothold in the fastest growing economy in the world at this moment.
