Vietnamplus

The Vietnam Railways Corporation (VNR) has projected losses of more than 1.2 trillion VND (51.7 million USD) this year.

The railway sector will have to face huge financial pressure if it replaces expired locomotives and carriages.

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

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.

Vice Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem on November 21 hosted a reception for visiting Minister of Economic Affairs, Science and Digitalisation of Saxony-Anhalt state of Germany Armin Willingmann.

Japanese-based Dai-ichi Life Insurance company has channeled 5.4 billion JPY (50 million USD) into infrastructure development projects in the Mekong region, including Vietnam, Cambodia, and Myanmar.

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.

Maxfield Brown, a representative of Dezan Shira & Associates, has said it is time for foreign investors to pour capital into infrastructure in Vietnam.

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.

The first 2019 meeting of the ASEAN Connectivity Coordinating Committee (ACCC) and the third meeting of the Lead Implementing Body for Sustainable Infrastructure (LIB-SI) took place in Jakarta, Indonesia from March 25-26.

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?

A project to upgrade weak bridges and reinforce bridge pillars on the railway route connecting Hanoi and Ho Chi Minh City will help increase their capacities and ensure safety for trains and passenger

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.

Vietnam Railway (VNR) aims to accelerate its growth to a rate of 8 percent in 2019 after suffering depression from 2015 to 2017.

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.

Hanoi’s leaders had a working session with visiting Japanese Minister of Economy, Trade and Industry (METI) Hiroshige Seko on September 14.

Deputy Prime Minister and Foreign Minister Pham Binh Minh expressed his hope that Indian businesses will increase their presence in Vietnam in fields of India’s strengths and Vietnam’s demand.

The National Assembly passed the draft revised Law on Railway with 80.86 percent of votes during the June 16 working session of its ongoing third sitting.