Vietnamplus

International railway freight transport service posted positive growth last year and in January, according to the Vietnam Railway Corporation.

Deputy Prime Minister Le Van Thanh has requested the Vietnam Railway Corporation (VNR) to make drastic reforms so as to address shortcomings and develop the sector further in the time ahead.

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

The State must play a key role in investing in the national railway infrastructure to boost development and attract more private investment, experts have said.

A leader of the Vietnam Railway (VNR) Corporation said no countries in the world can complete a national express railway system within a few years because that work needs at least about 20 years.

Several derailments have been recorded on the North-South railway route recently. Has the rail sector found the causes of these incidents and devised solutions to minimise them?

The Vietnam Railways (VNR) is aiming for 8 percent growth for 2019, with a revenue rise of at least seven percent despite the fierce competition of low-cost airlines and a wide network of highway.

Enhancing safety and capacity are the top priorities for the railway sector as it receives a much-needed package of 7 trillion VND (around 308 million USD) from the State budget.

The Ministry of Transport (MoT) will remove hundreds of below-standard level crossings countrywide to improve rail travel and reduce accidents.

Vietnam Railways (VNR) has targeted a revenue growth of over eight percent on last year’s figure of 8.17 trillion VND, said Vu Anh Minh, the corporation’s chairman.

The Vietnam Railway Corporation (VNR) has asked the Ministry of Transport for 7 trillion VND (308.2 million USD) in Government bonds to renovate the Hanoi – HCM City rail system from 2017 – 2020.

Japan is keen on cooperating with Vietnam to develop the infrastructure system.