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railways

Railway sectors revenue up 17% in H1

Railway sector’s revenue up 17% in H1

The railway sector has implemented many solutions to promote transport. Costs of maintenance and management are also increasing.
Railway sector sets plans to avoid losses this year

Railway sector sets plans to avoid losses this year

In 2023, the company needs to get out of the current state of loss and gradually make a profit to offset the accumulated losses of previous years.
Cheap plane, train tickets to tourist destinations offered on National Day

Cheap plane, train tickets to tourist destinations offered on National Day

The Vietnam Railways Corporation also plans to increase trains during the holiday at prices only 77-84 per cent of those offered during peak time in summer.
VNR to reduce subsidiaries under restructuring plan

VNR to reduce subsidiaries under restructuring plan

The Prime Minister has approved the restructuring of Vietnam Railways to reduce the number of its subsidiaries.
First freight train from Da Nang to Europe to be launched this month

First freight train from Da Nang to Europe to be launched this month

The Railways of Transport and Trade Joint Stock Company (Ratraco) has announced that a new freight link between the central city of Da Nang and Europe is to be launched early this month.
VNR should seek ways to promote logistics services

VNR should seek ways to promote logistics services

Amid the pandemic and difficulties in logistic transport, the railway industry must work out solutions to accelerate logistics services to reduce challenges for businesses, according to industry insiders.
Railway revenue hits all-time low in August

Railway revenue hits all-time low in August

Vietnam Railways Corporation (VNR) reported its revenue fell to an all-time low in August as the COVID-19 social distancing measures dragged on its passenger transport.
Ha Noi, Sai Gon railway companies merger proposal

Ha Noi, Sai Gon railway companies merger proposal

The Committee for Management of State Capital at Enterprises (CMSC) has proposed merging two member companies of the Viet Nam Railways Corporation (VNR) in an effort to slash costs and improve efficiency as the industry struggles with the impacts of the...
Railways promote development of logistics services

Railways promote development of logistics services

In the context of complicated developments of the COVID-19 epidemic and difficulties in passenger transport, the railway industry is accelerating logistics services to reduce challenges for business. Nguyen Hoang Thanh, Deputy General Director of Railway Trading and Transport Joint Stock...
Struggling railway operator asks for 34.5 million interest-free loan

Struggling railway operator asks for $34.5 million interest-free loan

The Vietnam Railways Corporation (VNR) has asked for a loan package worth VND800 billion (US$34.5 million) with zero interest to overcome the difficulties of the COVID-19 pandemic.
Railway businesses focus on cargo transport to reduce pandemic impacts

Railway businesses focus on cargo transport to reduce pandemic impacts

Heavily impacted by the COVID-19 pandemic, the Vietnam Railways Corporation (VNR) has made great efforts to reduce losses by actively targeting cargo transport instead of just passenger transport.
Railways revenues take 57.4 million hit from COVID

Railways revenues take $57.4 million hit from COVID

The Vietnam Railways Corporation has lost VND1.32 trillion (US$57.4 million) in revenues due to the COVID-19 pandemic and flooding in the central region.
Railway sector faces unprecedented difficulties

Railway sector faces unprecedented difficulties

The company earned a revenue of VND4.08 trillion in January - August, equivalent to just 77.8 per cent of the same period last year and 64.4 per cent of its expected revenue for the full year.
Air, rail transportation for farm produce should be improved: experts

Air, rail transportation for farm produce should be improved: experts

Air and rail transportation should be promoted to transport farm produce to reduce logistics costs and increase the competitiveness of export products, experts have said.
VNR launches app to sell tickets

VNR launches app to sell tickets

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.