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Railway sector needs US$10 4 to expand network in next decade
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06/07/2021 08:00 GMT+7
The Vietnam Railways Corporation (VNR) is experiencing its toughest days in history as many trains have stopped running during Covid-19. Many workers have had to take unpaid leave.
VNR’s General Director Dang Sy Manh said that 2020 and the first six months of 2021 were an unprecedented difficult time for the railway industry.
In 2020, the operation of the corporation was seriously hit by Covid-19 and the execution of a VND7 trillion investment package for the North-South railway route.
The impact of the storms and floods in the central region in November and December 2020 also led to a sharp fall in output and revenue, just equal to 81 percent of 2019, causing a loss of VND1.3 trillion.
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