The market share of rail transport in the entire transport industry accounted for more than 29% in the 1980s. (Photo: VietnamPlus) The ministry estimated that in the 1980s, the market share of rail transport in the entire transport industry accounted for more than 29%. However, in recent years, with well-invested road and seaport systems and the strongly developed aviation sector, the competitiveness of rail transport has decreased, leading to a decline in rail transport in terms of volume, market share, and revenue.
Regarding market share, the railway's share of passenger and freight transport has declined from 2010 to the present.
The market share of railway passenger transport accounted for 0.48% of the total number of passengers in the entire transport industry in 2010. This number was only 0.16% by 2019, 0.12% last year, and 0.15% in the first eight months of this year.
The quality of infrastructure, outdated rail transport technology, and the ability to connect rail transport with other modes of transport are still inadequate, said the MoT.
Previously, the Vietnam Railway Corporation (VNR) achieved a total consolidated revenue of more than 7.72 trillion VND (321.6 million USD), with a loss after tax of 130 billion VND last year. Of this, the parent company's after-tax loss was 200 billion VND.
VNR is expected to achieve a total revenue of over 6.15 trillion VND this year, with a consolidated loss after tax of about 55 billion VND.
Meanwhile, the Commission for the Management of State Capital at Enterprises has assigned the parent company - VNR, an after-tax profit target of 3 billion VND for this year.
Recently, the committee submitted the VNR Restructuring Project for the 2021-2025 period to the Government for consideration and approval.
The VNR transported more than 1.7 million passengers and 1 million tonnes of goods, generating revenue of more than 2.8 trillion VND in the first eight months of this year.
Data from VNR shows that revenue from sales and service provision of the parent company (excluding public services) reached more than 1.1 trillion VND by the end of July, an increase of 5% over the same period last year.
VNR is expected to achieve a total revenue of over 6.15 trillion VND this year, with a consolidated loss after tax of about 55 billion VND.
Meanwhile, the Commission for the Management of State Capital at Enterprises has assigned the parent company - VNR, an after-tax profit target of 3 billion VND for this year.
Recently, the committee submitted the VNR Restructuring Project for the 2021-2025 period to the Government for consideration and approval.
The VNR transported more than 1.7 million passengers and 1 million tonnes of goods, generating revenue of more than 2.8 trillion VND in the first eight months of this year.
Data from VNR shows that revenue from sales and service provision of the parent company (excluding public services) reached more than 1.1 trillion VND by the end of July, an increase of 5% over the same period last year.
VNR's total consolidated revenue reached more than 3.7 trillion VND, an increase of more than 17%, including over 1.4 trillion VND in revenue from state railway management and maintenance orders./.
VNA
