Railway sector asked to develop sustainably in 2017

Deputy Minister of Transport Nguyen Ngoc Dong urged the Vietnam Railway Corporation (VNR) to enhance transport quality and use technology in management for sustainable development in 2017.

During a conference on VNR’s production and business plan in 2017 in Hanoi on January 5, the Deputy Minister underlined efforts the railway sector made in 2016 to maintain growth.

According to Doan Duy Hoach, VNR Deputy Director General, the company’s output and revenue hit VND7.97 trillion (US$350.9 million), and VND8.34 trillion (US$366.87 million), respectively, equivalent to 87.7% and 88.8% of the figures in 2015. The company earned post-tax profits of VND137 billion (US$6.03 million).

Deputy Minister of Transport Nguyen Ngoc Dong at the event. 

Hoach attributed the fall in output and revenue to the reduction of its joint stock companies and networking due to divestment and equitisation.

The collapse of the Ghenh Bridge in Dong Nai, storms and floods in the central region, uncompetitive transport prices, and newly-restructured subsidiaries also explained the corporation’s poor performance, Hoach said.

To improve the sector’s competitiveness and efficiency in 2017, VNR aims to submit a proposal to the ministry to enhance the performance of the railway network nationwide, with focus on the Hanoi – Vinh route.

VNR will also mobilise social resources, investing in means of transport and support facilities.

Additionally, the corporation will accelerate the implementation of key projects, particularly on infrastructure and train building.

Efforts will also be made to better business management and reform administrative procedures.

Mời quý độc giả theo dõi VOV.VN trên

Related

Railway sector targets modernity
Railway sector targets modernity

Improving the quality of services and the workforce is seen as an urgent and long-term task for Vietnam’s railway sector to maintain sustainable development amid fierce competition from different means of transport.

Railway sector targets modernity

Railway sector targets modernity

Improving the quality of services and the workforce is seen as an urgent and long-term task for Vietnam’s railway sector to maintain sustainable development amid fierce competition from different means of transport.

Hitachi eyes Vietnam’s railway sector
Hitachi eyes Vietnam’s railway sector

(VOV) - Hitachi, the Japanese maker of railcars, electronics and machinery, considers Vietnam as one of markets for rail orders.

Hitachi eyes Vietnam’s railway sector

Hitachi eyes Vietnam’s railway sector

(VOV) - Hitachi, the Japanese maker of railcars, electronics and machinery, considers Vietnam as one of markets for rail orders.