Vietnam Railways (VNR) has targeted a revenue growth of over eight percent on last year’s figure of 8.17 trillion VND. (Photo: VNA)Hanoi (VNA) - Vietnam Railways(VNR) has targeted a revenue growth of over eight percent on last year’s figureof 8.17 trillion VND, said Vu Anh Minh, the corporation’s chairman.
Speaking at VNR’s conference on the 2018business plan held on January 20, Minh said the corporation also expected toearn an after-tax profit of 158 billion VND, four billion higher than lastyear’s, and raise the average income of employees by 10 percent.
To achieve the target, Minh said VNR wouldfocus on upgrading railway infrastructure, installing 100 new engines by 2020and building six new passenger trains as well as replacing out-of-date freightcars.
The corporation would also call forinvestment in projects to enhance its goods loading capacity to shorten thestorage time at stations, strengthen the connection between railway and othermeans of transport and reduce logistic costs, Minh said.
Deputy Minister of Transport Nguyen NgocDong pointed out some shortcomings that VNR was facing which needed to beaddressed this year, such as restructuring its transport system to improvecompetitiveness and corporate management capacity at both parent company andsubsidiaries.
Dong said VNR must take drastic measures sothat by 2020, the railway sector would reach 2 percent of market share inpassenger transport and 3 to 4 percent of market share in freight transport.
In an effort to provide better services toattract passengers, VNR launched six five-star trains on January 10 on theReunification (Hanoi-Ho Chi Minh City) route. - VNA
VNA
