Vietnam Railways signed MoU with China Railway

China Railway Signal & Communication has signed a memorandum of understanding (MoU) with state-owned Vietnam Railways Corp for railway development in the Southeast Asian country, the government said on Wednesday.

Vietnam has turned to China for funding and technology for its massive railway development projects, including three railway lines linking the capital Hanoi with China and a high-speed railway from Hanoi to the southern economic hub of Ho Chi Minh City.

The agreement between the two companies will pave the way for cooperation in railway planning, construction, training and operation, the government said in a statement.

Deputy Prime Minister Tran Hong Ha said on Tuesday that Vietnam wanted to speed up the construction of three new railways linking the two countries.

On 17 December, Vietnamese Deputy Prime Minister Tran Hong Ha met with Lou Qiliang, Chairman of China Railway Signal & Communication in Hanoi.