HÀ NỘI — Vietnam Railway Corporation (VNR) has set a target of achieving revenues of more than VNĐ9.4 trillion (US$370 million) in 2025, revealed VNR General Director Hoàng Gia Khánh.

At a conference on its business plans for the year, held on January 6, the corporation also pledged to get many more trains running on time.

Under the plan, VNR promises that the rate of passenger trains leaving on time would be 99 per cent and arriving on time will reach 77 per cent or more.

The rail corporation committed to reducing traffic accidents on the railways by 5 per cent or more, along with continuing to implement the project to restructure the corporation for the period until the end of 2025.

Khánh said that the railway encountered many difficulties due to natural disasters in 2024. However, thanks to the co-ordinated implementation of many positive solutions and breakthroughs, the corporation remained on track to maintain growth over the same period and exceeded the assigned targets.

Speaking at the event, Deputy Minister of Transport Nguyễn Danh Huy praised VNR’s efforts in implementing three main pillars, including infrastructure, transportation and the overall railway industry.

According to Huy, VNR has done a good job of maintaining railway infrastructure, coordinating with the Traffic Police Department to resolve self-opening paths and transferring assets from the State to VNR for infrastructure management, as well as making preparations for new railway projects including the North-South high-speed rail link. 

In the transportation field, both cargo and passenger outputs have increased and new service products such as cruise ships, central region heritage and charter ships, have attracted significant passenger attention. Upgraded stations have enhanced service quality and the overall image of the industry.

According to the VNR report, passenger transport numbers were over seven million in 2024, while freight transport reached over five million tonnes, exceeding 7 per cent of the 2024 plan and 11 per cent above the same period last year.

As a result, the corporation's consolidated revenue is estimated to reach nearly VNĐ9.7 trillion, an increase of nearly 8 per cent compared to the plan and 7.9 per cent over the same period last year.

Specifically the corporation's total profit after tax is estimated at over VNĐ220 billion, of which the parent company's profit is estimated at VNĐ6 billion. The VNR’s average income of workers is estimated at nearly VNĐ13 million per person per month, an increase of 11.5 per cent compared to the same period in 2023. — VNS