China pledges financing for Vietnam rail links

HANOI, Vietnam, April 17 (AFP) : Beijing pledged financing and support for Vietnamese railway projects, both countries said on Friday, as Hanoi's top leader To Lam wrapped up a four-day state visit to China.

The two governments have agreed to "accelerate infrastructure connectivity in railways, roads, and border gate facilities", said a joint statement from the countries' foreign ministries.

"China stands ready to cooperate with Vietnam in railway financing, technology, training, and industrial capacity, and will encourage capable enterprises to participate in railway construction," the statement issued by Hanoi said.

Lam is on his first foreign trip since becoming president last week, assuming a dual role as head of state and of the ruling Communist Party, similar to the one occupied by Chinese counterpart Xi Jinping.

The two leaders met Wednesday in Beijing's Great Hall of the People and signed several cooperation agreements, state media reported.

Despite rival territorial claims in the South China Sea, Beijing and Hanoi have sought to deepen already close economic ties to guard against global trade upheaval caused by US President Donald Trump's tariffs.

China is Vietnam's largest overall trading partner, with imports of Chinese goods surging more than 20 percent last year to $198 billion.