This funding strategy represents

On 30 November 2024, Vietnam’s National Assembly rubber-stamped a high-speed rail network that will traverse 20 provinces, linking Hanoi to Ho Chi Minh City in five and a half hours. Vietnam has announced that, in the ‘spirit of independence and self-reliance’, it will not use foreign loans to fund the US$67 billion project by 2035. Instead, it will use the state budget, low-interest loans and government bonds This funding strategy represents a departure from Vietnam’s traditional economic hedging strategy — its calculations of the risks and rewards of accepting investment from larger powers. Hanoi will continue shielding itself from Chinese influence and potential debt traps, while building a pathway to greater autonomy and self-sustainability. สล็อต เว็บตรง