Approving the 2023-2025 plan of Vietnam Railway Corporation, profit of more than 320 billion VND

Accordingly, in this period, the target set is that the entire corporation must achieve revenue of 39,544 billion VND, total pre-tax profit of negative 866.6 billion VND. Of which, the 2021-2022 period will be negative more than 1,193.7 billion VND, the 2023-2025 period will escape loss, profit of 322.8 billion VND.

The parent company - VNR, must achieve revenue of VND 26,190 billion, total pre-tax profit of negative VND 1,237 billion. Of which, the 2021-2022 period is negative VND 1,250 billion, the 2023-2025 period avoids loss, profit of VND 13 billion.

In the period of 2021-2025, the total investment capital demand for Group A and B projects of the whole corporation is 2,590.6 billion VND. Group C projects of the parent company are an average of 70 billion VND/year from 2024-2025.

The State Capital Management Committee at Enterprises approved the production, business and investment development plan of Vietnam Railways Corporation for the 2021-2025 period, accordingly setting a profit target of 13 billion VND (Photo: illustration).

Vietnam Railways Corporation is responsible for implementing the restructuring project until 2025 immediately after being approved by the Prime Minister, ensuring progress, meeting requirements, and bringing practical results.

Implementing investment and development solutions, the Capital Committee requires that after the Project "Management and use of national railway infrastructure assets invested by the State" is approved, Vietnam Railways Corporation must promote socialization, attract investment capital for transport business and investment in railway infrastructure. Work with relevant ministries and branches to submit to competent authorities to resolve a number of issues related to the corporation's investment activities.

At the same time, urgently research and implement capital mobilization plans to invest in locomotives and carriages that have expired.

Coordinate with the Ministry of Transport and relevant ministries, branches and units to implement the annual and medium-term state budget development investment plan for the period 2021-2025 on schedule, ensuring the early commissioning of the project, helping to increase capacity through the Hanoi - Ho Chi Minh City section and improve the quality of transport services.

Implement contents related to the Project on investment policy for high-speed railway on the North-South axis and important national railway projects to strive for approval in the 2024-2025 period.

Source: https://www.baogiaothong.vn/duyet-ke-hoach-2023-2025-tct-duong-sat-vn-lai-hon-320-ty-dong-192240105210006563.htm