Railway firm gets back on track after rough years

Vietnam Railway (VNR) aims to accelerate its growth to a rate of 8 percent in 2019 after suffering depression from 2015 to 2017.
Railway firm gets back on track after rough years ảnh 1A railroad crossing on Kham Thien Street, Hanoi (Photo: VNA)

Hanoi (VNS/VNA) - Vietnam Railway(VNR) aims to accelerate its growth to a rate of 8 percent in 2019 aftersuffering depression from 2015 to 2017.

The corporation also plans to utilise the 7 trillion VND (300 million USD) infunding approved by the National Assembly in September last year to upgradefour railway infrastructure projects.

“In spite of the severe fall between 2015 and 2017, VNR started recovering in2018,” said Vu Anh Minh, head of the VNR Committee of Members. “We hope tosustain that momentum in 2019.”

Improvements in service quality will also be targeted as a part of VNR’spassenger-oriented strategies.

“We have built new trains which focus on offering genuine experiences andproviding better services for tourists and passengers,” said Minh.

On January 10, 2018, six new five-star trains on the Reunification routeconnecting Hanoi and HCM City were launched. Passengers on these trains areoffered hot meals prepared by the Southern Airports Services Joint StockCompany.

A meal worth about 30,000 VND (1.30 USD) is including with a ticket, and theticket price remains unchanged.

According to a VNR report, its total revenue in 2018 was some 8.3 trillion VND (356million USD), marking an increase of 1.9 percent. The average monthly income ofits workers, therefore, was lifted 2.9 percent to reach 8.46 million VND (363USD).

Last year, the corporation witnessed two important turning points. The revisedLaw on Railways went into effect in January and VNR was transferred from theMinistry of Transport to the State Capital Management Committee.

These changes affect the corporation’s operation.

“The transfer creates opportunities, and atthe same time poses challenges for VNR, especially in balancing therelationship between the three involved sides,” said Nguyen Ngoc Dong, DeputyMinister of Transport. “While the committee only manages the state capital of 3.8trillion VND (163 million USD), the ministry is responsible for the railwaysystem.”

He stressed corporate restructuring and separating infrastructure management,maintenance and business to improve transparency.

In 2018, some 120 VNR workers, including officials, were fined or suspended formatters related to severe crashes.

These actions followed repeated accidents due to ill management and poorwarning systems at crossings.

For example, a collision between a truck and the SE19 Express Train crossingThanh Hoa province on May 24, 2018 killed two people and injured ten others. Anofficer and two employees in charge of ensuring safety at thecrossing were detained for investigation.

Since June, 2018, VNR has piloted the operation of cameras at crossings toprotect pedestrians and reduce accidents caused by railway staff.-VNS/VNA
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.