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Vietnam Railways pleads for government funding as staff remain unpaid

Vietnam Railways pleads for government funding as staff remain unpaid
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High-speed railway imperative for Việt Nam s development - Society - Vietnam News | Politics, Business, Economy, Society, Life, Sports

Update: April, 08/2021 - 08:53 | Passengers wait to board Shanghai s high-speed train to Pudong airport, China. AFP/VNA Photo HÀ NỘI Due to Việt Nam’s natural features and geography, the development of a high-speed railway is imperative and any delays will hinder socio-economic growth, Chairman of Vietnam Railways Vũ Anh Minh has said. Minh said the current infrastructure of the railway network was getting older and falling into a state of disrepair. The capacity was very low compared to the current demand for freight and passenger transport. The railway sector has not improved as the capacity of a single track was only 21 pairs of trains per day.

Vietnam Railways reports loss in 2020, urging clearance of legal problems

Vietnam Railways reports loss in 2020, urging clearance of legal problems 18:30 | 11/01/2021 Vietnam Railways held a meeting to review its 2020 performance and set targets for 2021 Vietnam Railways on January 8 held the meeting to review the 2020 performance and set targets for 2021 with a number of difficulties expected down the road. Vu Anh Minh, chairman of VNR, said that the global health crisis and storms in the central region have caused a loss of VND1.33 trillion($57.83 million) last year. “If the bad situation continues this year, our equity of VND3.25 trillion ($141.3 million) will all be gone by the end of 2022.” Vu Anh Minh, chairman of VNR

Covid-19, floods make 2020 a bad year for railroad operator - VnExpress International

Covid-19, floods make 2020 a bad year for railroad operator By Thuy Tien   January 11, 2021 | 10:17 am GMT+7 A passenger boards a train in Hanoi in February 2020. Photo by VnExpress/Anh Duy. The Covid-19 pandemic and central region floods have caused the Vietnam Railways Corporation’s revenues to plummet and are likely to saddle it with losses for 2020. The parent company reported a total revenue of VND1.71 trillion ($74.5 million), with an estimated loss of 1.32 trillion. As a result of the pandemic, the number of passengers was sharply down during peak travel seasons such as summer and New Year. A total 2,886 train routes were suspended from February to May last year, owing to Covid-19 impacts, according to Vietnam Railways Corporation (VNR). Total passenger numbers were also sparse for the first six months, filling only 56 percent of total train capacity.

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