Vietnam's National Assembly on Wednesday approved raising the economic growth target for this year and also voted in favour of major infrastructure projects, including the country's first nuclear power plants and a rail link to China.

The National Assembly has approved the construction of a modern railway from Lao Cai to Hai Phong, enhancing domestic and international trade connectivity.

HANOI: Vietnam's parliament on Wednesday (Feb 19) approved plans for an US$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.

It is one of two railway lines to China that Vietnam plans as part of its ‘Two Corridors, One Belt’ initiative.

Vietnam plans to take loans from the Chinese government to partly fund a $8.3 billion project to build a new railway linking the two countries, the transport minister said on Thursday.

Vietnam’s parliament today approved plans for an US$8 billion (RM35.55 billion) rail link from its largest northern port city to the border with

Vietnam's National Assembly will on Tuesday approve a bold bureaucratic reform plan that will slash up to a fifth of government bodies, as it tries to cut costs and improve administrative efficiency.

Vietnam will cut one in five public sector jobs and slash billions of dollars from government budgets, after the country's rubber-stamp parliament on Tuesday gave the go-ahead to a radical streamlining drive.