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The Rundown: Vietnam has approved an $8 billion railway connecting its northern port city Hai Phong to China’s Yunnan province. The 390km route will run through key manufacturing zones and is part of Vietnam’s “Two Corridors, One Belt” initiative.
The Context:
Why it Matters: As Vietnam cements itself as a top alternative to China for global manufacturing, better transport infrastructure is crucial to attracting more foreign investment. This railway strengthens Vietnam-China trade links while positioning Vietnam as a critical player in the global supply chain.