Parent company - Railway Corporation is assigned a profit of 7 billion VND in 2025

This is the after-tax profit level that the representative of the State capital has just requested the leaders of the parent company - Vietnam Railway Corporation to achieve in the 2025 fiscal year.

Parent company - Railway Corporation is assigned a profit of 7 billion VND in 2025

This is the after-tax profit level that the representative of the State capital has just requested the leaders of the parent company - Vietnam Railway Corporation to achieve in the 2025 fiscal year.

A cross-Vietnam passenger train of Vietnam Railways Corporation departs from Hanoi station on the night of the 30th of Tet At Ty.

The Chairman of the State Capital Management Committee at Enterprises has just signed a decision approving the 2025 production, business and investment development plan of the parent company - Vietnam Railways Corporation.

Among the business targets assigned by the representative of the State capital owner, it is noteworthy that the parent company - Vietnam Railway Corporation must achieve revenue of VND 2,817 billion; profit after tax of VND 7 billion; profit after tax ratio on equity of 0.6%; pay the budget VND 122 billion; The parent company - Vietnam Railway Corporation is also required to have no overdue debt; the ability to pay due debt is greater than 1; the total planned investment capital is a maximum of VND 122 billion.

The Chairman of the State Capital Management Committee at Enterprises assigned the Board of Members and the General Director of the Corporation to, based on the assigned plan, organize the implementation of the production and business plan targets for 2025 in accordance with legal regulations, ensuring that enterprises produce and do business according to market mechanisms, use and manage state capital effectively, and preserve and develop state capital invested in enterprises.

The Corporation is also required to develop a suitable train schedule, take advantage of the quality of newly upgraded and renovated infrastructure to consider shortening train running time; actively participate in logistics chains, promote the exploitation of international intermodal cargo; maximize the competitive advantages of each train route; diversify and focus on improving the quality of railway products and services, renovate and change the image of stations; continue to closely monitor the financial situation of loss-making subsidiaries. Take measures to reduce provisions for long-term financial investments for investments outside the parent company's business.

Vietnam Railways Corporation continues to promptly implement the Corporation's restructuring project until the end of 2025; the 5-year production, business and investment development plan for the period 2021-2025 and the Corporation's development strategy for the period 2021-2030, with a vision to 2035 approved by the Committee.

In particular, Vietnam Railways Corporation is assigned to actively research, participate, contribute opinions, coordinate with competent state agencies and prepare conditions and human resources to implement the North-South high-speed railway project and the Lao Cai - Hanoi - Hai Phong railway project.

At the Conference on implementing the 2025 production and business plan of Vietnam Railways Corporation held in January 2025, Mr. Hoang Gia Khanh, General Director of the Corporation said: In 2024, train passengers will reach 7.02 million, an increase of 14.8% over the same period; goods will reach 5.16 million tons, an increase of 11.2% over the same period.

The Corporation's consolidated revenue is estimated at nearly VND9,700 billion, up 7.8% compared to the plan and 7.9% over the same period; consolidated profit after tax is estimated at over VND220 billion; average income per employee is estimated at nearly VND13 million/person/month, up 11.5% over the same period.

Source: https://baodautu.vn/cong-ty-me---tong-cong-ty-duong-sat-duoc-giao-lai-7-billion-dong-trong-nam-2025-d244314.html