After securing HSR projects in Laos, Thailand, Malaysia, and Indonesia, China is eager to extend its influence by exporting its HSR technology to Vietnam. Success in Vietnam would represent a significant geopolitical victory for China, particularly given Hanoi’s general reluctance to fully embrace BRI projects. Moreover, it would bolster the deve

The sheer scale of the North-South HSR project presents significant opportunities for potential foreign partners, but geopolitical considerations are equally significant. When the project was first proposed, it was widely assumed that Vietnam would adopt Japan’s Shinkansen technology, which dominated the global market at the time. However, over t

Beyond the initial investment, there is a high likelihood that the government will need to subsidise the operational costs of the HSR, as is the case with other HSR systems around the world.[18] These operational subsidies are often substantial, which is why even high-income countries like Australia and the United Kingdom have abandoned their HSR p