Railway Corporation is assigned a profit of 322.8 billion VND in the period of 2022

Railway Corporation is assigned a profit of 322.8 billion VND in the period 2022 - 2025

The owner representative assigned Vietnam Railways Corporation to continue to improve and enhance the efficiency of transportation business to gradually escape the loss situation and gradually offset the accumulated losses of previous years.

On October 25, at Song Than station (Binh Duong province), Vietnam Railway Corporation coordinated with localities to organize the departure ceremony of the first train transporting fresh coconuts for export to China.

The Chairman of the State Capital Management Committee at Enterprises has just signed Decision No. 525/QD-UBQLV approving the 5-year production, business and investment development plan for the period 2021 - 2025 of Vietnam Railways Corporation.

Accordingly, the owner representative assigned Vietnam Railways Corporation to continue to improve and enhance the efficiency of transportation business to gradually help the Corporation escape from the loss-making situation and gradually offset the accumulated losses of previous years; focus on improving the efficiency of organization, management, exploitation and business of existing railway infrastructure, organize transportation business to ensure the best use of existing traction and carrying capacity; create more jobs and increase income for workers.

Vietnam Railways Corporation must complete the restructuring plan of its enterprises and affiliated units, ensuring that the restructured enterprises and units operate stably and develop effectively. Implement the Corporation's restructuring project until the end of 2025, approved by the Prime Minister in Decision No. 562/QD-TTg dated June 26, 2024, ensuring progress, meeting requirements, and bringing practical results.

Regarding business targets, the State Capital Management Committee at Enterprises assigned Vietnam Railways Corporation to achieve a total consolidated revenue of VND 39,544 billion; total consolidated pre-tax profit of - VND 866.6 billion, of which the 2021-2022 period is - VND 1,193.7 billion, the 2023-2025 period is VND 322.8 billion.

Parent company - Vietnam Railway Corporation achieved total revenue of VND 26,190 billion; total pre-tax profit of -1,237 billion VND, of which the period 2021-2022 was -1,250 billion VND, the period 2023-2025 was 13 billion VND.

The total investment capital demand for the 2021-2025 period for Group A and B projects of the entire Corporation is VND 2,590.6 billion; Group C projects of the parent company will reach an average of VND 70 billion/year from 2024-2025.

Vietnam Railways Corporation is assigned to develop a plan to organize production and transport business in accordance with the new organizational model after restructuring the transport joint stock companies, ensuring business efficiency; creating a healthy, equal and legal business mechanism among transport businesses; maximizing the exploitation of existing transport capacity, researching, analyzing and innovating transport organization methods, reducing costs, increasing the utilization coefficient, and reasonably rotating locomotives to exploit locomotives effectively; focusing on exploiting passenger trains on medium-distance routes with high economic efficiency.

In the field of passenger transport business, the State Capital Management Committee at Enterprises assigned the Corporation to aim at serving passenger needs and consumption habits, constantly improving service quality, utilities, convenience and diversifying transportation services in passenger transport; implementing flexible ticket sales methods.

The Corporation monitors passenger flow to adjust train composition appropriately to ensure diverse passenger needs and business efficiency; closely follows the transportation market demand to open new routes to expand the market; develops a widespread sales system, focusing on urban areas and towns and forms of cooperation to attract foreign passengers; continues to maintain and research flexible fare policies to best meet customer needs, including peak and off-peak transportation times.

In the field of freight transport, Vietnam Railways Corporation continues to facilitate cargo owners, with only one point of contact, publicly posting prices, carrier responsibilities, service quality, and adding services such as packaging, counting, preservation, delivery, multimodal transport, renting cars, trips, routes, etc.

Maximize the volume of freight transport in industrial parks, factories, and seaports connected to national railways, increase container transport, international intermodal transport, and actively participate in the logistics chain.

The Corporation was assigned to continue to proactively implement the plan to improve the capacity of international railway transport by 2030 and reported to the Government to increase the output of international railway transport to localities in China and to third countries; maintain and promote the volume of exports to Russia, Europe, etc.; promote logistics activities, invest in improving the quality of the management system through the application of information technology, gradually shifting the organization of distribution of goods from warehouses, stations to agents, supermarkets, convenience stores, etc. to increase value and efficiency in the logistics chain.

In particular, the State Capital Management Committee at Enterprises assigned the Corporation to 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 period 2024-2025.

Source: https://baodautu.vn/tong-cong-ty-duong-sat-duoc-giao-lai-3228-ty-dong-trong-giai-doan-2022—2025-d228377.html