The Vietnam Railways Corporation (VNR) has set a target of recording revenue of VND39.544 trillion ($1.64 billion) in the 2021-2025 period.

Under its production, trade, and development investment plan for the period, which has been approved by the Commission for the Management of State Capital at Enterprises (CMSC), VNR is expected to post average annual profits of over VND100 billion ($4.1 million) in the 2023-2025 period.

To ensure such targets are met, CMSC has asked VNR to proactively manage the operation of trains in line with market demand to ensure business efficiency, and to expand the market and take measures to attract more passengers.

In terms of cargo transport, VNR was instructed to improve conditions for cargo businesses, raise the quality of transportation services, boost the volume of cargo transported from industrial parks, factories, and seaports, and actively be a part of global logistics chains.

The Corporation should continue implementing solutions to improve international transport by rail by 2030.

VNR posted revenue of over VND8.5 trillion (more than $350 million) in 2023, equivalent to 101.8 per cent of the annual target and 106.3 per cent of the figure in 2022.