Proposed $700 mln investment in new Hai Van Pass railway
The existing railway line through the Hai Van Pass, spanning 20 km, was constructed by the French nearly 100 years ago.
Typhoon Yagi causes $8 mln damages to railways
From September 8-13, all freight trains were halted due to road subsidence and rising floodwaters
Railways corporation targets revenue of $275mln in 2023
After-tax profit of $127,000 anticipated.
Vietnam Railways to promote international links
General Director of Vietnam Railways Dang Sy Manh told the 42nd ASEAN Railway Directors General Meeting, held in Da Nang from August 23 to 25, that Vietnam’s railway development orientation is to promote freight transport and open international links.
$130mln set aside for railway infrastructure maintenance in 2022
Total funding of VND3 trillion ($131.54 million) will go to the maintenance of Vietnam’s national railway infrastructure in 2022, an increase of VND2 billion ($87,700) compared to 2021. Vietnam Railways lost more than VND900 billion ($39.48 million) last year due to the pandemic. This year, if the pandemic is brought under control and the government’s economic stimulus packages are effective, the railway industry may see stability and avoid further losses.