Posted inAT Finance, China, Germany, Japan, Middle East, Northeast Asia, South Asia, South Korea, Vietnam, World

Insufficient funds in Vietnam

For a city of eight million and counting, Ho Chi Minh City’s mass transit metro system can only be described as an absolute necessity. Yet construction on the six-line railway, first proposed in 2001, has been dogged by delays caused by insufficient state funds. In 2015, Japan’s Sumitomo Corporation and Vietnam’s state-owed construction firm Cienco […]

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