Vietnam to have high speed train

The railway industry can increase the localization rate of locomotives and wagons if policy mechanisms and shortcomings of capital are lifted in order to promote the development of the sector.
Vietnam to have high speed train ảnh 15-star trains are a combined product of four mechanical industries, including railway, aviation, shipping and auto (Photo: Vietnamplus)

Hanoi (VNA) - The Vietnam Railways Corporation (VNR) has recently built a strategy for the development of railway industry by 2030 and a vision until 2045, in which the orientation of policies focus on developing  new industrial products; increasing industrial proportion, localization rate and investing in construction of modern railway industry facilities.

Increasing the localization of new locomotives and wagons

To develop the locomotive industry, VNR will renovate and build locomotive and rail wagon manufacturing units with high localization rates.

The railway industry studies and develops the types of wagons serving urban railways and wagons on the national railway with the train speed of over 100km/hour (currently the highest is 80km/hour), with the localization rate being expected to reach 40-60%; continues to improve locomotive assembly technology with localization rate of 25-30% and proceeds to actively produce locomotives.

The VNR also promotes domestic production of spare parts and railway materials (rails, sleepers, accessories, items, power supply systems for traction, information, signals ...) to meet maintenance needs, looking forward export.

The railway industry takes into account the concentrated investment for industrial establishments specializing in overhaul and assembly of locomotives and spare part production, in which, VNR will perfect its technology investment for companies such as the Gia Lam and Di An Railway joint stock companies to turn them into two modern industrial centers for management and production in the direction of manufacturing and assembling wagons, producing spare parts with high localization rates.

By 2045, the railway industry is determined to invest and innovate technologies to produce industrial products for the electrification of railway and high-speed rail; striving for the railway industry to become a high-tech industry with modern machinery and equipment, attracting high-level scientific and technological personnel

Barriers of capital and policy need to be removed

In order achieve the target, VNR has proposed state management agencies to continue to invest in key mechanical program in railway mechanical development (according to Decision No. 10/2009 / QD-TTg dated January 16, 2009 by the Government but expired at the end of 2015).

Specifically, the Government has a mechanism to support production development, key mechanical products that are new locomotive manufacturing projects which are in the policy of using preferential capital of Vietnam Development Bank. Projects on building new train wagons and assembling large capacity diesel locomotives are included in the list of key mechanical development priorities and have post-investment interest rate support policies.

However, VNR leaders admitted that borrowing capital from the Vietnam Development Bank under the key mechanical program still has many shortcomings such as complicated procedures, delaying and losing business opportunities of railway transport; regulations on the localization rate are too high for the current ability of the railway industry to achieve; interest rates of the Vietnam Development Bank are not much different from commercial banks, so the attraction is not high.

On the other hand, the railway sector also pointed out the cause of making and implementing investment projects on procurement of railway industry products, selecting contractors also has many barriers in law and policy leading to railway for many years still "stomping on the spot."

For example, investment projects on locomotives, wagons, specialized equipment for railways are projects to purchase goods projects. However, VNR leaders said that the preparation and implementation of the current procurement project has not enough legal documents instruction (only Decree 52/1999 / ND-CP but it’s no longer suitable), therefore, it is necessary to apply the Law on Construction and the circulars and the decree guiding the Law on Construction Law, which is quite inadequate, causing waste and slow progress of the project. Therefore, VNR said that there should be separate regulations in the railway field.

“The fabrication and assembly of locomotives in Vietnam currently only has 2 units, which are VNR's subsidiaries, because of this, the selection of contractors by open bidding is not necessary , causing waste and slow progress of the project” the Railway Corporation said./.

VNA

See more

Illustrative image (Photo: VNA)

ASEAN’s goods, culinary culture promoted in Europe

The ASEAN Committee in Prague (ACP) launched an "ASEAN Food Corner" on October 22, aiming to promote the culinary culture and introduce goods from ASEAN countries to consumers in the Czech Republic and Europe at large.

If the plan is approved, public employees will enjoy a continuous 9-day Tet break from January 25 to February 2 next year. (Photo: VNA)

2025 Lunar New Year holiday plan submitted to PM

The Ministry of Labour – Invalids and Social Affairs on October 22 submitted a proposal to the Prime Minister regarding the schedule for the 2025 Lunar New Year (Tet) – Vietnam’s largest traditional celebration – and other national holidays.

Illustrative image (Photo: VNA)

Kien Giang continues to take firm stand against IUU fishing

The Standing Board of the Party Committee of southern Kien Giang province has called for strengthening the Party's leadership in the fight against illegal, unreported and unregulated (IUU) fishing, part of a broader national effort to have the “yellow card” warning lifted by the European Commission (EC).

Yen Bai city in the northern province of Yen Bai is severely affected by Typhoon Yagi. (Photo: VNA)

Vietnam receives EU’s humanitarian aid for Typhoon Yagi victims

The Vietnam Red Cross Society (VNRC) Central Committee has received humanitarian response and early recovery support from the European Union and its member states through the International Federation of Red Cross and Red Crescent Societies (IFRC)' Emergency Appeal to assist the Vietnamese people affected by Typhoon Yagi and its subsequent floodings.

Conscripted Vietnamese workers honoured with ceremony in France (Photo: VNA)

Conscripted Vietnamese workers honoured with ceremony in France

A solemn ceremony was held on October 20 in the southern city of Arles, Bouches-du-Rhône prefecture of France, to mark the 10th anniversary of the memorial dedicated to Indochinese workers who came to work in the Camargue region during World War II.

At the signing ceremony of a cooperation agreement between Bac Lieu and Uiseong county, Gyeongsangbuk-do province on sending local labourers to the RoK to work seasonally under the form of locality-to-locality collaboration between the two countries in the 2023 - 2027 period. (Photo: VNA)

Bac Lieu, Korean locality sign labour cooperation agreement

The Mekong Delta province of Bac Lieu on October 21 signed a cooperation agreement with Uiseong county, Gyeongsangbuk-do province of the Republic of Korea (RoK) on sending local labourers to the RoK to work seasonally under the form of locality-to-locality collaboration between the two countries in the 2023 - 2027 period.

(Photo: VNA)

Tien Giang strives to reduce poverty rate to 0.87% this year

The Vietnam Fatherland Front (VFF) Committees at all levels in the southern province of Tien Giang have collaborated with agencies and organisations to speed up social security programmes, aiming to reduce the province's poverty rate to 0.87% this year, said Vice President of the provincial VFF Committee Huynh Van Hai.

The Chinese sailor is rushed to FV (Franco-Vietnamese) Hospital in Ho Chi Minh City for treatment as soon as he is brought to the shore. (Photo: VNA)

Chinese sick sailor on vessel AMIS STAR provided with first aid

A ship from the Vietnam Maritime Search and Rescue Coordination Centre (VMRCC) on October 20 provided first aid to critically-ill Chinese sailor on a Liberia-flagged vessel off the coast of the southern province of Ba Ria-Vung Tau before bringing him to the shore for further treatment.

At the meeting between Deputy Minister of Home Affairs Vu Chien Thang and UN Deputy High Commissioner for Human Rights Nada Al-Nashif. (Photo: VNA)

Vietnam respects right to freedom of belief, religion: official

Deputy Minister of Home Affairs Vu Chien Thang highlighted Vietnam’s consistent policy of respecting and protecting the right to freedom of belief and religion for all people, while meeting with UN Deputy High Commissioner for Human Rights Nada Al-Nashif in his recent trip to Switzerland.