Vietnam Railways set 2023 profit target of $127,000

Vietnam Railways set 2023 profit target of $127,000

State-owned group Vietnam Railways has been asked to achieve revenue and after-tax profit of VND6.51 trillion ($275.3 million) and VND3 billion ($127,000) this year, respectively.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam Railways appoints new chairman after 2-year vacancy

Vietnam Railways appoints new chairman after 2-year vacancy

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.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bac Giang province to launch rail cargo service to China

Bac Giang province to launch rail cargo service to China

A train station in Bac Giang is set to launch an international cargo route connecting Pingxiang town in China's Guangxi province on February 20, Vietnam Railways reported on Tuesday while working with provincial authorities.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese firm launches container railway route to Kazakhstan

Vietnamese firm launches container railway route to Kazakhstan

Railway Transport and Trade JSC (Ratraco), an affiliate of state-run Vietnam Railways, has launched a container railway route connecting Vietnam with Kazakhstan, halving the travel time versus the maritime route, the firm announced Friday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s logistics sector charms foreign investors

Vietnam’s logistics sector charms foreign investors

International firms are being lured to invest in Vietnam’s logistics industry, which is booming as a result of the country’s rising status as a manufacturing hub.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam Railways records $1.25 mln H1 loss

Vietnam Railways records $1.25 mln H1 loss

Vietnam Railways has reported a loss of VND29.7 billion ($1.25 million) in the first half of the year and expects the annual figure to reach VND570 billion ($24.1 million).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hanoi's tourist magnet Railway Street shut down

Hanoi's tourist magnet Railway Street shut down

Police and civil defense forces in Hoan Kiem district set up Thursday barricades at both ends of Hanoi's Railway Street to prevent tourists from entering the railway safety corridor.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7