China Rejects Tech Transfer | Vietnam’s $67B High-Speed Rail Project Fails After 8 Days Cooperation!

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#China #ChinaNews #Vietnam #HighSpeedRail #Project #Railway #Germany #Transportation

This is a high-speed rail project that could completely transform Vietnam. It spans over 1500 kilometers and has a total investment of up to 68 billion US dollars.

Originally, Vietnam wanted China to participate in the project, but China's response remained consistently indifferent.

Then, on December 17th of last year, Vietnam announced that it had reached an agreement with Siemens Mobility, a German company, to build the high-speed rail line.

At the time, all Vietnamese people were excited, because over the past decade, this high-speed rail project had been repeatedly overturned and restarted in terms of route, financing methods, and technical standards. Now, the project's realization meant that Vietnam would enter the high-speed rail era.

But unexpectedly, just eight days later, the project faced the risk of complete failure.

What exactly happened?

And why did China refuse to participate in Vietnam's high-speed rail project?
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