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State-owned Vietnam Railways Corporation racked up after-tax losses of VND30 billion (nearly $1.3 million) in H1, down from losses of VND100 billion in the same period last year. The corporation said it would suffer after-tax losses of VND570 billion in 2022,…
Vietnam Railways owes its 11,300 workers four months’ salaries due to a funding delay by the government, and fears this could cause many to quit. It reminded the government that it was supposed to receive VND2.8 trillion ($121.3 million) at the beginning of…
The Vietnam Railways Corporation (VNR) has admitted its inability to meet performance targets because of competition from low-cost airlines. VNR transported VND8.4 trillion ($362 million) worth of cargo in 2018, up 5 percent year-on-year, but 1.9 percent off…
The president of Russian Railways, Oleg Belozerov, proposed a high-speed cargo railway connection between Europe and China, allowing transport of goods to take as little as two days. “We plan to reach China via Kazakhstan and to carry special, high-profit…
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