HANOI (Reuters): Two days after Vietnam's top leader called on local private companies to help build infrastructure, listed conglomerate Vingroup stepped forward to develop a US$70 billion nationwide high-speed railway and build the trains to run on it.
Communist Party leader To Lam's request was part of a broader call for a stronger private sector in Resolution 68, a party development blueprint issued in May that some analysts labelled 'Doi Moi 2.0' after the 1980s reforms that opened the Southeast Asian nation's economy.
