The State Capital Management Committee at Enterprises has just approved the 5-year production, business and investment development plan (2021-2025 period) of Vietnam Railways Corporation (VNR).

Accordingly, during this period, the entire railway industry must achieve a revenue of VND 39,544 billion, with a total pre-tax profit of negative VND 866.6 billion. Of which, the 2021-2022 period will be negative by more than VND 1,193 billion, and the 2023-2025 period will escape losses with a positive VND 322 billion.

The parent company - VNR, in this period 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 must escape loss with a positive VND 13 billion.

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The State Capital Management Committee at Enterprises has just approved the 5-year production, business and investment development plan (2021-2025 period) of Vietnam Railways Corporation.

In the period 2021-2025, the total investment capital demand in the period 2021-2025 for group A and B projects of the entire corporation is 2,590 billion VND.

To achieve the above goal, the State Capital Management Committee at Enterprises assigned VNR to monitor passenger flow to adjust the train composition appropriately to ensure diverse passenger needs and business efficiency. Closely follow the transportation market demand to open new routes to expand the market; develop a widespread sales system, focusing on urban areas and towns and forms of cooperation to attract foreign passengers.

The railway industry also needs to continue to maintain and research flexible fare policies to best meet customer needs, including peak and off-peak times.

In addition, the industry needs to increase the output of international railway freight to Chinese localities and to third countries; maintain and promote the volume of exports to Russia, Europe, etc.

Promote logistics activities, invest in improving the quality of management systems through the application of information technology, gradually shift the organization of goods distribution from warehouses, stations to agents, supermarkets, convenience stores... to increase value and efficiency in the logistics chain.

Establish a Research and Development Center, research and apply, master advanced technology to manufacture locomotives, carriages, trains (DMU, EMU) with speeds over 100km/h and railway mechanical products.