Railway firm gets back on track after rough years

Vietnam Railway (VNR) aims to accelerate its growth to a rate of 8 percent in 2019 after suffering depression from 2015 to 2017.
Railway firm gets back on track after rough years ảnh 1A railroad crossing on Kham Thien Street, Hanoi (Photo: VNA)

Hanoi (VNS/VNA) - Vietnam Railway(VNR) aims to accelerate its growth to a rate of 8 percent in 2019 aftersuffering depression from 2015 to 2017.

The corporation also plans to utilise the 7 trillion VND (300 million USD) infunding approved by the National Assembly in September last year to upgradefour railway infrastructure projects.

“In spite of the severe fall between 2015 and 2017, VNR started recovering in2018,” said Vu Anh Minh, head of the VNR Committee of Members. “We hope tosustain that momentum in 2019.”

Improvements in service quality will also be targeted as a part of VNR’spassenger-oriented strategies.

“We have built new trains which focus on offering genuine experiences andproviding better services for tourists and passengers,” said Minh.

On January 10, 2018, six new five-star trains on the Reunification routeconnecting Hanoi and HCM City were launched. Passengers on these trains areoffered hot meals prepared by the Southern Airports Services Joint StockCompany.

A meal worth about 30,000 VND (1.30 USD) is including with a ticket, and theticket price remains unchanged.

According to a VNR report, its total revenue in 2018 was some 8.3 trillion VND (356million USD), marking an increase of 1.9 percent. The average monthly income ofits workers, therefore, was lifted 2.9 percent to reach 8.46 million VND (363USD).

Last year, the corporation witnessed two important turning points. The revisedLaw on Railways went into effect in January and VNR was transferred from theMinistry of Transport to the State Capital Management Committee.

These changes affect the corporation’s operation.

“The transfer creates opportunities, and atthe same time poses challenges for VNR, especially in balancing therelationship between the three involved sides,” said Nguyen Ngoc Dong, DeputyMinister of Transport. “While the committee only manages the state capital of 3.8trillion VND (163 million USD), the ministry is responsible for the railwaysystem.”

He stressed corporate restructuring and separating infrastructure management,maintenance and business to improve transparency.

In 2018, some 120 VNR workers, including officials, were fined or suspended formatters related to severe crashes.

These actions followed repeated accidents due to ill management and poorwarning systems at crossings.

For example, a collision between a truck and the SE19 Express Train crossingThanh Hoa province on May 24, 2018 killed two people and injured ten others. Anofficer and two employees in charge of ensuring safety at thecrossing were detained for investigation.

Since June, 2018, VNR has piloted the operation of cameras at crossings toprotect pedestrians and reduce accidents caused by railway staff.-VNS/VNA
VNA

See more

Hai Phong targets 4.3 billion USD in FDI in 2026 (Photo: VNA)

Hai Phong city targets 4.3 billion USD in FDI in 2026

Hai Phong’s investment appeal is underpinned by a rapidly expanding development space, including the Southern Coastal Economic Zone covering more than 20,000 hectares, a planned free trade zone, deep-water ports at Lach Huyen, and 12 industrial parks newly established in 2025.

The relocation of check-in counters aims to better meet the travel needs of residents and visitors. (Photo: VNA)

Vietjet shifts domestic check-in at Tan Son Nhat from January 13

During the recent New Year 2026 holiday peak, Vietjet added 380 flights, equivalent to nearly 78,000 additional seats, on many key domestic routes linking Hanoi and Ho Chi Minh City with destinations such as Vinh, Thanh Hoa, Hai Phong, Da Nang, Phu Quoc, Nha Trang and Da Lat.

Commercial banks are providing approximately 88% of total green credit outstanding in Vietnam. (Photo: nhandan.vn)

Capital sources expanded for sustainable growth

According to the State Bank of Vietnam (SBV), by the end of November 2025, outstanding green credit was estimated at around 750 trillion VND (28.55 billion USD), with an average growth rate exceeding that of overall credit in the economy.

Customers select goods at a supermarket. (Photo: VNA)

Retail market expands sharply, sustainability challenges persist

According to a report on recently released by the Ministry of Industry and Trade’s Agency for Domestic Market Surveillance and Development, the size of the market reached more than 7 quadrillion VND (about 266 billion USD) in 2025, up around 10% compared with 2024.

Oil rigs at the Bach Ho oil field. (Photo: VNA)

Resolution 79: State economy to lead growth

Resolution 79 is described as a “clear action declaration” by the Politburo, saying the state economy is not only responsible for maintaining macroeconomic stability, but must also become the force leading a new growth model that is green and sustainable.

Workers at Garment 10 Corporation produce apparel for export. (Photo: Nhan Dan)

Vietnam leverages export advantages within RCEP region

In 2025, seafood exports to China alone exceeded 2.2 billion USD, up about 33% compared to 2024. Shipments to Japan fetched nearly 1.7 billion USD, a year-on-year increase of 14.6%, while those to the Republic of Korea and Australia grew by 9.6% and 3.2%, respectively.

Certificates of membership in the Vietnam International Financial Centre in Da Nang are awarded at the conference on January 9. (Photo: VNA)

Da Nang continues targeted investment promotion approaches

According to Chairman of the Da Nang People’s Committee Pham Duc An, the city prioritises building sustainable economic ecosystems and focuses on key breakthrough sectors with strong spillover effects, including high technology and digital transformation, logistics, urban infrastructure, finance, processing and manufacturing industries, high-tech agriculture, and the pharmaceutical and medicinal herb industry.

In 2025, Hyundai sales reached 53,229 vehicles across the Vietnamese market. (Illustrative photo: Yonhap/VNA)

Hyundai sales in Vietnam rise almost 23% in December

In 2025, sales reached 53,229 vehicles across the market, a result considered a testament to the efforts by TC Group, Hyundai Thanh Cong, and the entire Hyundai dealership network nationwide amidst a volatile market.

Hydroponic vegetable cultivation model at the High-Tech Agricultural Park (Photo daibieunhandan.vn)

HCM City accelerates shift toward ecological urban agriculture

​The city’s agricultural sector is undergoing a strong transformation, restructuring toward higher value-added and sustainable development. In recent years, the sector has maintained steady growth, with agricultural, forestry and fisheries output rising by an estimated 2.5% annually.