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.

HO CHI MINH CITY] Vietnam’s parliament on Wednesday (Feb 19) has voted to revise the official growth target of the country’s 2025 gross domestic product to at least 8 per cent, from the 6.5 to 7 per cent approved last November.

This route is destined to become a key strategic trade axis, contributing to the sustainable growth of both the regional and Vietnamese maritime industries.

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.

Vietnam's National Assembly will on Wednesday vote to approve a new economic growth target for this year and adopt resolutions supporting major infrastructure projects, including 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.

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

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.