Vietnam picks Japan and Taiwan to build HSR

[Suika]

Indeed, I shall be crying for Vietnam foolish and costly mistake.

Good, things would be too different if you did not.

 

[Nike]

That's exciting news. Strong party control is OK for getting the economy rolling. I seem to recall that the HSR plan was cancelled last time because of a cap in acceptable debt level. But that was a few years ago. Acceptable debt level ceiling might have enough space to fit in the HSR project this time.

Not in this time while they got all high time debt to gdp ratio and maturity compared to their annual budget

https://tradingeconomics.com/vietnam/government-debt-to-gdp

 

[Suika]

Not in this time while they got all high time debt to gdp ratio and maturity compared to their annual budget

https://tradingeconomics.com/vietnam/government-debt-to-gdp

Fair point. We'll see what they do.

 

[Viet]

That's exciting news. Strong party control is OK for getting the economy rolling. I seem to recall that the HSR plan was cancelled last time because of a cap in acceptable debt level. But that was a few years ago. Acceptable debt level ceiling might have enough space to fit in the HSR project this time.

Debt ceiling is set at 65 percent of GDP by the parliament. Vietnam debt level is still in the safe range. In addition the government wants to sell/privatize assets of state companies to raise money.

 

[Mista]

Grats.

- total cost about $60 billion

Does that include interest? How many years payment?

 

[Viet]

Grats.

Does that include interest? How many years payment?

That’s the total cost, with 80 percent coming from the central government budget.

Lol, your country had more times to conduct more and more Study, just big talk and no action.

Nonsense. The first study only encompassed the northern and southern sections, while the second study includes the entire length.

 

[Place Of Space]

If Vietnam is confident about it, then that's enough. They are the buyer.

It sounds like you can make a penny from it.

 

[Pepsi Cola]

$60 Billion USD??? How many decades to make back the money?

 

[Kyle Sun]

40 years to build a railway? It sounds silly to me.

 

[S10]

It makes sense for Vietnam to have a HSR connecting North and South due to narrow shape of its territory. I wonder if Japan is funding the project with loans or is Vietnam picking up the whole bill.

 

[艹艹艹]

Japan has invested high speed railway in Vietnam and India
So let's guess, who will be the first to complete construction of high-speed rail

 

[Viet]

40 years to build a railway? It sounds silly to me.

The HSR will be put to operation section by section, with the first section operational probably after 5 years of construction. Who knows the rail may reach China border after completion.

It makes sense for Vietnam to have a HSR connecting North and South due to narrow shape of its territory. I wonder if Japan is funding the project with loans or is Vietnam picking up the whole bill.

Vietnam will finance the rail itself. In doing so we have more flexibility, not relying on Japan for everything. Also we can partner with Taiwan. Ok the government may seek cheap loans from Japan and Taiwan.

 

[Three_Kingdoms]

By the time the project is completed, the technology will be obsolete and the speed and hardware will become a joke.

The japanese has a go at it again, finding its new cow in vietnam after india .. then start milking them with our Taiwanese brothers whose japanese-built low tech “HSR” been milked all along by the cunning japanese. Hope our Chinese brothers living in Taiwan can get a chunk out of this project so as to salvage their financial crisis in their own japanese-hsr operation.

 

[Mista]

That’s the total cost

So it's in future dollars? That's pretty cheap if true.

 

[Viet]

So it's in future dollars? That's pretty cheap if true.

$60 billion is cheap?