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International Business Times
International Business Times
Business

Vietnam Parliament Approves $8 Billion Rail Link To China

Vietnam's transport infrastructure is considered relatively weak (Credit: AFP)

Vietnam's parliament on Wednesday approved plans for an $8 billion rail link from its largest northern port city to the border with China, boosting links between the two communist-ruled countries and making trade easier.

The new rail line will run through some of Vietnam's key manufacturing hubs, home to Samsung, Foxconn, Pegatron and other global giants, many of whom rely on a regular flow of components from China.

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