Huyndai Rotem has secured a rail contract worth $330 million for Ho Chi Minh City Metro, including the first-ever export of fully-automated locomotives, during President Lee’s visit to Vietnam. This also includes a joint venture to eventually localize production.
Amid intense speculation about Vietnam’s $67 billion high-speed-rail megaproject, this also sets the stage for South Korean firms as one of the major competitors in the fierce bidding war that carries potential geopolitical consequences.
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Submission statement: neoliberal is about trains
Huyndai Rotem has secured a rail contract worth $330 million for Ho Chi Minh City Metro, including the first-ever export of fully-automated locomotives, during President Lee’s visit to Vietnam. This also includes a joint venture to eventually localize production.
Amid intense speculation about Vietnam’s $67 billion high-speed-rail megaproject, this also sets the stage for South Korean firms as one of the major competitors in the fierce bidding war that carries potential geopolitical consequences.
!ping SEA&KOREA&TRANSIT