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China being their neighbor might actually be the problem, you don't want to become overly reliant on one country, especially one with past and present border conflicts (SCS)
I’m sure the Chinese didn’t develop their HSR system without foreign consulting and experts just like how France was also consulting for California HSR. Not that the Chinese aren’t capable but why reinvent the wheel when you can get engineering expertise in your exact problem and they can train your domestic workers.
Yeah the game plan is literally China 30 years ago. Cambodia and Laos fly under the radar but their rate of development is fantastic with this strategy. I don't think some people here understand how badly Hanoi needs regular highways and bus lines too.
They do cooperate with China! China is still a developing country and France is one of the imperial cutpurses of the west, so winning that plunder back in the form of infrastructure (and not cracking their markets open for the West) is advantageous and not really what France wants.