Story perspectives

Vietnam's President Tô Lâm Secures $7.2B Railway Deal in Beijing

4/25/2026

Summary

Story summary

President Tô Lâm visited Beijing, signed a joint statement and 32 cooperation agreements, including a $7.2 billion railway linking Lao Cai to Hai Phong.
China offered to finance three standard-gauge railways, beginning with the $7.2 billion line, and to provide high-speed rail technology for Vietnam’s $67 billion north-south project.
President Tô Lâm, while consolidating party and state authority, signaled willingness to explore Shanghai Cooperation Organization membership and to cooperate with China’s four global initiatives.

1 of 1

Story summary

President Tô Lâm visited Beijing, signed a joint statement and 32 cooperation agreements, including a $7.2 billion railway linking Lao Cai to Hai Phong.
China offered to finance three standard-gauge railways, beginning with the $7.2 billion line, and to provide high-speed rail technology for Vietnam’s $67 billion north-south project.
President Tô Lâm, while consolidating party and state authority, signaled willingness to explore Shanghai Cooperation Organization membership and to cooperate with China’s four global initiatives.