Vietnamplus

The 42nd ASEAN Railways CEOs’ Conference wrapped up in the central city of Da Nang on August 25, according to General Director of Vietnam Railways (VNR) Dang Sy Manh.

The Ministry of Transport has been tasked with coordinating with relevant ministries, sectors and localities in considering and handling recommendations of the Vietnam Railways Corporation (VNR) on how to better the capacity of international railway transport serving import and export activities.

The Vietnam Railways Corporation (VNR) has proposed the Ministry of Transport allocate a total of 4.76 trillion VND (208.1 million USD) to repair and upgrade weak bridges and tunnels so as to increase the capacity of trains and ensure traffic safety.

International railway freight transport between Vietnam and Europe along the route through China, Kazakhstan, Russia, Belarus and Poland to Germany and Western European countries is likely to be affected if railways from Poland to Belarus stop operation, according to an official from the Vietnam Railways Corporation (VNR).

The Vietnam Report JSC and online newspaper VietNamNet on January 14 revealed the 500 largest enterprises in Vietnam (VNR500) and top 10 prestigious companies in the pharmaceutical industry - logistics - animal feed – packaging this year.

In order to mobilise 240 trillion VND (10.5 billion USD) for national railway development in the next 10 years as set by the freshly-approved railway planning for the 2021-2030 period, economists said that it is crucial to design specific capital attraction mechanisms.

The Vietnam Railway Corporation (VNR) has proposed borrowing non-interest loans worth 800 billion VND (34.77 million USD) to deal with its difficulties caused by the COVID-19 pandemic. ​

Vietnam Railway Corporation (VNR) announced that its revenue in the first five months of 2021 decreased strongly to only 51.4 percent of the figure of the same period last year, due to the impact of the COVID-19 pandemic.

Facing an increasing range of difficulties in business, the railway sector is exerting its maximum efforts to restructure itself for changes and survival.

The State-owned Vietnam Oil and Gas Group (PetroVietnam) has made it into the top three largest firms in Vietnam this year, the tenth year in a row, according to the latest ranking co-released by Vietnam Report (VNR) and e-newspaper VietNamNet.

The railway sector has taken twin blows from the COVID-19 pandemic and the repairs of the Hanoi-HCM City railway.

The Vietnam Railways Corporation (VNR) officially launched an application to buy train tickets and pay online on smartphones from July 15 to improve customer services.

The Vietnam Railways Corporation (VNR) has asked the Ministry of Transport to propose Prime Minister Nguyen Xuan Phuc extend the expiry for locomotives and carriages by three years.

The Vietnam Railways (VNR) has asked competent authorities for permission to increase passenger trains on the Hanoi - Ho Chi Minh route from April 16.

Vietnam could cease to have an operating train system in less than two weeks unless a funding issue at the Vietnam Railways Corporation (VNR) is resolved, an official has said.

The railway sector is looking to attract more investment and improve its competiveness, but the lack of capital as well as mechanisms and policies has hampered its development.

Vietnam Railways (VNR) plans to upgrade rail infrastructure to satisfy passenger demand by building 300 new carriages and purchasing more locomotives by 2023 to provide better services.

By teaming up with a foreign partner and stepping up the mechanical work, the railway sector will build hundreds of high-quality carriages.

Vietnam Railway (VNR) and NextTech Group signed an agreement on April 23 in Hanoi to offer online booking and payment services for railway tickets through e-wallet VIMO.

Vietnam Railways (VNR) will operate an additional 130 trains along various routes across the nation from April 25 to May 5 to meet increasing travelling demands during the Reunification Day holidays.