regional relationships
China Railway Eryuan Engineering Group Co Ltd (CREEC), which is involved in the engineering survey and design of world's one of the most difficult railway lines -- Sichuan-Tibet railway, has expressed its interest to take part in survey and design of a cross-border railway link construction project between Nepal and China.
Japan and South Korea are building on a long interest in a country notable for its cheap labour and 90m-strong consumer market. From Hanoi’s point of view, there is a political imperative to draw more foreign investment because of structural economic problems such as bad debts and inefficient state companies, which have dragged Vietnam’s growth down from above 7 per cent a year before the western financial crisis to 5.4 per cent in 2013.