Prime Minister Pham Minh Chinh has appointed Dang Sy Manh, board member and CEO of Vietnam Railways, as the state-run group's new chairman.
Manh had previously held positions like director of the Railway Project Management Board of Region 2, director of the Railway Project Management Unit (RPMU) under Vietnam Railways, deputy director of the Vietnam Railway Authority, and deputy CEO in charge of the executive board of Vietnam Railways.
In January 2020, he was appointed CEO of Vietnam Railways. The position had been left vacant for nearly two years after Vu Anh Minh's term expired at the end of 2021.
In 2022, the corporation recorded consolidated revenue of VND7.72 trillion ($329.06 million), up 13.8% year-on-year and hitting 115.8% of its year target. The group posted a loss of VND130.5 billion ($5.56 million), up 75.7%. For 2023, it targets revenue growth of 3% compared to 2022.