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.
Deputy Minister of Transport Nguyen Ngoc Dong at the event. (Source: VNA)
Hanoi (VNA) – DeputyMinister of Transport Nguyen Ngoc Dong urged the Vietnam Railway Corporation(VNR) to enhance transport quality and use technology in management forsustainable development in 2017.
During a conference on VNR’sproduction and business plan in 2017 in Hanoi on January 5, the Deputy Ministerunderlined efforts the railway sector made in 2016 to maintain growth.
According to Doan Duy Hoach, VNRDeputy Director General, the company’s output and revenue hit 7.97 trillion VND(350.9 million USD), and 8.34 trillion VND (366.87 million USD), respectively, equivalentto 87.7 percent and 88.8 percent of the figures in 2015. The company earned post-taxprofits of 137 billion VND (6.03 million USD).
Hoach attributed the fall in outputand revenue to the reduction of its joint stock companies and networking due todivestment and equitisation.
The collapse of the Ghenh Bridge inDong Nai, storms and floods in the central region, uncompetitive transportprices, and newly-restructured subsidiaries also explained the corporation’s poorperformance, Hoach said.
To improve the sector’scompetitiveness and efficiency in 2017, VNR aims to submit a proposal to the ministryto enhance the performance of the railway network nationwide, with focus on theHanoi – Vinh route.
VNR will also mobilise socialresources, investing in means of transport and support facilities.
Additionally, the corporation will acceleratethe implementation of key projects, particularly on infrastructure and trainbuilding.
Efforts will also be made to betterbusiness management and reform administrative procedures.-VNA
The State-owned Vietnam Railways (VNR) has seen certain success in its equitisation process as 23 out of its 24 subsidiaries have completed initial public offerings (IPOs) to date.
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Deputy Minister of Transport Nguyen Ngoc Dong at the event. (Source: VNA) 
