Vietnam on Saturday approved the construction of a high-speed railway connecting the capital Hanoi in the north to Ho Chi Minh city in the south at an estimated cost of $67 billion.

The rail line, which will link the southern metropolis of Ho Chi Minh City to the capital Hanoi, is expected to cost $67 billion.

Vietnam has announced plans to build a $67 billion high-speed railway connecting its capital, Hanoi, with Ho Chi Minh City.

Vietnam's 15th National Assembly has passed a resolution on the investment policy for the north-south high-speed railway project with a total investment of 1.7 quadrillion Vietnamese dong (about US$67 billion).

In the case of the North-South high-speed railway, technology transfer includes not only the manufacture and installation of core equipment but also mastering technologies and operations, such as trains,

Vietnam's Parliament greenlighted on Saturday a $67 billion high-speed railway project in the country, a much-needed boost to infrastructure,

The railway will run from Hanoi in the north to Ho Chi Minh City in the south, in a boost to infrastructure expected to drive investment.

The National Assembly has approved the $67 billion North-South High-Speed Railway, an ambitious infrastructure project set to reshape Vietnam’s transportation landscape by 2035.

Vietnam is going ahead with a multi-billion-dollar high-speed rail line that will link around 20 destinations and span over 957 miles, the country's federal parliament confirmed on Saturday.

The 15th National Assembly on Saturday passed a resolution on the investment policy for the North-South high-speed railway project with 443 out of 454 deputies voting in favor.