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“If we want to develop our country, first we have to develop the infrastructure,” Bang said. “The railway will play a very important role in connecting the north and south of Vietnam.” Work on the line is due to start in 2012, with services beginning on the first section by 2020, he said. The high-speed train will probably be financed by a mix of overseas development aid, state funding and public-private partnerships, Bang said. A ticket for the full Hanoi-to-Ho Chi Minh City high-speed rail journey may cost about 75 percent of the average current plane fare, Bang said. China is also working on building high-speed trains to support its surging economy. The country in December opened a high-speed rail link of more than 1,000 kilometers between the cities of Guangzhou and Wuhan | DEP eyes BIFF & BIL 2010 as springboard for Thai fashion industry to be more competitive and visible in global marketplace Asean, World Bank to scale up collaboration in key areas Asean exchanges appoint NYSE Technologies as solution provider ASEAN Nations uncertain of Free Trade Agreement with China Vietnam May Pick Sumitomo, Itochu for Bullet Train Cheaper Tickets China, Laos, Cambodia Links Philippines still world’s no. 2 outsourcing hub Philippine Department of Tourism optimistic about ASEAN ‘open skies’ deal Lao PDR expanding electricity access, boosting power exports
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