Vietnam’s railway drive raises risk of mismanagement, debt traps, analysts say

Analysts are pointing to management and funding issues for Vietnam’s planned north-south, high-speed rail initiative and express concerns over potential “debt traps” and growing Chinese influence as Beijing funds a railway connecting the two countries.

The comments come as Vietnam is expanding its infrastructure by building railways using Chinese and Vietnamese funding, projects that could help the country’s outlook in the long term. As part of the effort, Vietnam’s National Assembly on Feb. 19 gave near-unanimous approval to legislation allowing the country to use Chinese loans for a new $8.3 billion rail link from the port city of…