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Railway revenue at $90 million in Jan-May

Released at: 08:33, 04/06/2015

Railway revenue at $90 million in Jan-May

In addition to promising result Vietnam Railways is also on track in its divestment and equitization plans.

by Tue Lam

Revenue from railway transport reached more than VND1.9 trillion ($90 million) in the first five months of the year, according to Mr. Pham Cong Trinh, Deputy General Director of Vietnam Railways (VNR).

VNR is also pushing ahead with its divestment plans, have already sold 100 per cent of six subsidiaries. It is now selling shares in the Railway Material Equipment Import Export JSC and is continuing to move towards divesting from eight other companies.

Besides divestment, Mr. Trinh said, VNR will also equitize 24 affiliated units. Twenty infrastructure management companies and the Di An Train Company are expected to be equitized prior to October 31, while the Gia Lam Train Company and the Hanoi Railway Transport Company will be equitized before December 31.

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