On the morning of February 19, continuing the program of the 9th Extraordinary Meeting Session, the National Assembly passed the Resolution of the National Assembly on the investment policy of the Lao Cai – Hanoi – Hai Phong railway construction investment project, worth VND 203,231 billion (nearly USD 8.4 billion) connecting China with the northern provinces of Vietnam.
According to the Resolution, the National Assembly decided on the investment policy of the Lao Cai – Hanoi – Hai Phong railway construction investment project with the goal of building a new, modern and synchronous railway line to meet the domestic and international transportation needs between Vietnam and China, creating an important driving force for rapid and sustainable socio-economic development, promoting advantages on the Lao Cai – Hanoi – Hai Phong economic corridor.
After the National Assembly approved the investment policy in February 2025, the project will be approved by competent authorities. In the third quarter of 2025, site clearance, design, contractor selection, and construction will be carried out. The project will start at the end of 2025 and will be basically completed by 2030.
