China Offers Loans, Technology for Vietnam Railways

BEIJING, April 17 (Reuters) – China ⁠has ⁠offered to boost ⁠ties with Vietnam on railway infrastructure, from loans ​and technology to training and industrial capabilities, a joint statement ‌issued by its foreign ministry ‌showed on Friday.

China said it would guide enterprises ⁠to participate ⁠in railway construction projects in its smaller neighbour, according ​to the statement after President Xi Jinping and his Vietnam counterpart To Lam met on Wednesday.

Both see the railway effort as ​a “new bright spot” in strategic ties, the statement added, echoing ⁠a call ⁠by the leaders ⁠for ​more transport and logistics links.

Vietnam is a partner in China’s flagship ​Belt and Road ⁠Initiative for transport links between Asia and Europe, with many projects funded through loans and investments by its state-owned institutions.

Both countries should maintain high strategic clarity and prioritise political ⁠security, Xi told Lam, who is set to wrap up on ⁠Friday his first overseas trip since he was elected Vietnam’s president last week.

Among the 32 cooperation documents they signed were deals for a railway feasibility study and efforts to boost related talent capacity, the official news agency Xinhua said.

They will also strengthen ties in fields such as aviation, security, technology, new energy ⁠and critical minerals, the statement added.

Vietnam’s budget airline Vietjet signed a finance lease pact this week with China’s SPDB Financial Leasing for 10 C909 narrow body aircraft ​from Shanghai-based COMAC.

(Reporting by Liz Lee; Editing by ​Muralikumar Anantharaman and Clarence Fernandez)

Copyright 2026 Thomson Reuters.

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