railways

Retail Asia22/09/2022

State-owned Vietnam Railways Corporation racked up after-tax losses of VND30 billion (nearly $1.3 million) in H1, down from losses of VND100 billion in the same period last year. The corporation said it would suffer after-tax losses of VND570 billion in 2022, compared with losses of VND1.327 trillion in 2020 and of VND565 billion in 2021. […]

Retail Asia16/04/2021

Vietnam Railways owes its 11,300 workers four months’ salaries due to a funding delay by the government, and fears this could cause many to quit. It reminded the government that it was supposed to receive VND2.8 trillion ($121.3 million) at the beginning of this year, but has not, forcing it to pay minimum compensation to […]

Retail Asia10/01/2020

The Vietnam Railways Corporation (VNR) has admitted its inability to meet performance targets because of competition from low-cost airlines. VNR transported VND8.4 trillion ($362 million) worth of cargo in 2018, up 5 percent year-on-year, but 1.9 percent off the annual target, chairman Vu Anh Minh said at a recent industry conference. Revenue was VND8.19 trillion […]

Retail Asia17/01/2017

The president of Russian Railways, Oleg Belozerov, proposed a high-speed cargo railway connection between Europe and China, allowing transport of goods to take as little as two days. “We plan to reach China via Kazakhstan and to carry special, high-profit cargoes to Europe via Russia, because a ship sails now 60 days, which is a […]

Tag: railways

Vietnam Railways sees smaller losses in H1

Vietnam Railways pleads for government funding as staff remain unpaid

Vietnam Railways struggles to compete with budget carriers

Russian Railways eyes high-speed Europe-China cargo trains