Merging of Hanoi and Saigon Railway Transport Joint Stock Companies

From November 1, the Railway Transport Joint Stock Company officially came into operation on the basis of merging Hanoi Railway Transport Joint Stock Company and Saigon Railway Transport Joint Stock Company according to the restructuring plan of enterprises and units under Vietnam Railways Corporation (VNR) approved by the Prime Minister in Document No. 303/TTg-DMDN dated April 7, 2022 and Decision No. 562/QD-TTg dated June 26, 2024 of the Prime Minister approving the Project on restructuring Vietnam Railways Corporation for the period up to 2025.

Vietnam Railway Corporation has officially merged two companies, Hanoi Railway Transport Joint Stock Company and Saigon Railway Transport Joint Stock Company. (Photo: PV/Vietnam+)

Regarding the organizational structure, the company will consist of 8 departments, 17 affiliated branches and a base in Ho Chi Minh City; including 4 train car branches, 2 railway attendant branches and 11 railway transport branches. The headquarters of the Railway Transport Joint Stock Company is located at 130 Le Duan Street, Nguyen Du Ward, Hai Ba Trung District, Hanoi City.

“The event of the official operation of the Railway Transport Joint Stock Company marks a major change for railway transport in order to improve the efficiency of railway transport production and business, reduce costs and reduce transportation costs. The Railway Transport Joint Stock Company also focuses resources, finance, and means of transport to enhance competitiveness, improve corporate governance efficiency, and increase the ability to mobilize capital for railway transport development plans,” VNR leaders emphasized.

In the immediate future, the company will strive to achieve and exceed the targets assigned by the shareholders' meeting, fulfill its obligations to pay the State budget; gradually improve employment and living standards for workers; focus on improving competitiveness, and strive to gradually expand the railway transport market share in terms of both passengers and goods.

In addition to railway transport business, the company will focus on developing supporting services to increase product value, increase revenue and create more jobs for employees. The company will also strive to preserve capital and assets of the enterprise, ensure profits and return on capital of the enterprise according to the resolution of the company's general meeting of shareholders.

Shareholders of the two former Hanoi Railway Transport Joint Stock Company and Saigon Railway Transport Joint Stock Company will become shareholders of the Railway Transport Joint Stock Company. In addition to enjoying the increased benefits from the merger, shareholders will have the advantage of studying and evaluating in-depth the operational efficiency of the Railway Transport Joint Stock Company and the railway transport market.

(Source: vietnamplus)

Link: https://www.vietnamplus.vn/hop-nhat-hai-cong-ty-co-phan-van-tai-duong-sat-ha-noi-va-sai-gon-post988829.vnp

Source: https://vtcnews.vn/hop-nhat-hai-cong-ty-co-phan-van-tai-duong-sat-ha-noi-va-sai-gon-ar905198.html