Vietnam requests aid from Japan for mega-railway and refinery projects

[Viet]

​

Shunichi Suzuki | BLOOMBERG


HANOI – Vietnam has asked Japan for support in building a high-speed railway that runs along the country’s length, the government has said.

The proposal was made at a meeting between Vietnamese Prime Minister Pham Minh Chinh and Finance Minister Shunichi Suzuki in Hanoi, the government said in a statement late Friday.

Japan is the largest source of official development aid to Vietnam, and is the Southeast Asian country’s third largest source of foreign direct investment.

Vietnam is studying the possibility to build the 1,545-kilometer (960-mile) railway with a possible price tag of up to $64.8 billion, according to state media.

At the meeting, Chinh also asked Japan for help to “restructure stakes” at Nghi Son Refinery and Petrochemical, Vietnam’s largest oil refinery, the government said, without elaborating.

The $9 billion refinery is 35.1% owned by Japan’s Idemitsu Kosan Co., 35.1% by Kuwait Petroleum, 25.1% by Vietnam’s state oil firm PetroVietnam and 4.7% by Mitsui Chemicals Inc.

The 200,000-barrel-per-day refinery early last year cut its run rate following a disagreement between shareholders about financing for crude. Idemitsu Kosan said at the time it had no plan to give fresh financial aid to the refinery.

Vietnam requests aid from Japan for mega-railway and refinery projects

Hanoi is studying the possibility to build the 1,545-kilometer (960-mile) railway with a possible price tag of up to $64.8 billion.

www.japantimes.co.jp

 

[ARMalik]

Not surprised at all since the corrupt Generals of Pakistan Army have a history of obedience and subservience to White-Anglo Saxons. These Pakistani Generals are the remnants of the British Raj and still today these Generals are only interested in serving their masters at the expense of committing massive human rights violations inside Pakistan and Afghanistan.

 

[etylo]

Good luck.

 

[Beast]

Aid is different from loan. How much Japan willing to give for HSR? It needs to be in billion and not few millions.

 

[Viet]

Aid is different from loan. How much Japan willing to give for HSR? It needs to be in billion and not few millions.

$65 billion in loan
small money for the Japanese

Japan's Finance Minister Suzuki Shunichi (L) is received by Vietnam's PM Pham Minh Chinh in Hanoi, January 13, 2023. Photo by Nhat Bac

 

[etylo]

$65 billion in loan
small money for the Japanese

Japan's Finance Minister Suzuki Shunichi (L) is received by Vietnam's PM Pham Minh Chinh in Hanoi, January 13, 2023. Photo by Nhat Bac

Hope the HSR will be built well before 2050.

 

[Viet]

Hope the HSR will be built well before 2050.

Will be before 2030

Upgrade the slow sped railway and building the highspeed railway

Vietnam outlines plans to build nine lines by 2030

Vietnam's prime minister has approved the 2021-2030 rail network strategy, which envisages the construction of nine new lines.

www.railjournal.com

 

[REhorror]

A bit optimistic on our side, Japan's economy is not good right now.

But let's see how it goes.

 

[etylo]

Will be before 2030

Upgrade the slow sped railway and building the highspeed railway


View attachment 911403

Vietnam outlines plans to build nine lines by 2030

Vietnam's prime minister has approved the 2021-2030 rail network strategy, which envisages the construction of nine new lines.

www.railjournal.com

From HCM to HN thats more than 1500 km, a long distance, it will be very fast for Japanese to build the HSR before 2030, I have doubt on that. Look at their progress on the Indian HSR, after 7 years started building, they only completed 10 km demonstration track so far.

 

[Beast]

Will be before 2030

Upgrade the slow sped railway and building the highspeed railway


View attachment 911403

Vietnam outlines plans to build nine lines by 2030

Vietnam's prime minister has approved the 2021-2030 rail network strategy, which envisages the construction of nine new lines.

www.railjournal.com

LOL... Not possible. Mark my post.