Vietnam Railway Corporation (Đường sắt Việt Nam, Vietnam Railway Corporation) is the state railway operator of Vietnam . In addition to railway lines, it manages train stations, stations and a network of station hotels and cafes. Vietnam Railway Corporation is one of the ten largest companies in the country [1] [2] . The main route of the company is a 1,600-kilometer single-track route between north and south of Vietnam, built by the French at the end of the 19th century (connecting the country's largest cities - Hanoi and Ho Chi Minh City ). Another important highway is the line connecting Hanoi with the Chinese border.
| Vietnam Railway Corporation (VNR) | |
|---|---|
 | |
| Type of | State corporation |
| Base | |
| Location | Hanoi , Vietnam |
| Key figures | Chan Ngok Thanh (Chairman of the Board) |
| Industry | Rail passenger and freight transportation |
| Turnover | 400 billion dong |
| Net profit | 60 billion dong |
| Assets | 2 trillion dongs |
| Parent company | Ministry of Transport of Vietnam |
| Website | |
In November 2014, Vietnam Railway Corporation, together with the FPT Group, introduced an electronic ticketing system [3] [4] [5] .
Content
- 1 Rolling stock
- 2 Lines and stations
- 3 Projects
- 4 Restructuring
- 4.1 Structure
- 5 Criticism
- 6 notes
- 7 References
Rolling stock
Vietnam Railway Corporation operates old Czechoslovak, Soviet and Chinese diesel locomotives. Chinese locomotives of the D19E series, Soviet locomotives of the TU7 series and Czechoslovak locomotives of the D12E series prevail. There are also several D20E locomotives manufactured by Siemens , Chinese DFH21 and Indian D13E.
Lines and Stations
The main lines of the Vietnam Railway Corporation are Hanoi - Ho Chi Minh City , Hanoi - Laokai , Hanoi - Kuanchye (north of the city of Thayingguen ), Hanoi - Dongdang ( Langshon Province), Hanoi - Haiphong , Kep ( Bakziang ) - Wangby and Hanoi - Thinghuen . The busiest stations are located in Hanoi, Ho Chi Minh City, Haiphong, Da Nang , Dalat and Quang Ngai .
Hanoi
Dalat
Hue
Quang Ngai
Danang
Ho Chi Minh City
Projects
In 2008, the construction of the Ho Chi Minh City Metro metro began [6] , and in 2011, the Hanoi metro on the ground [7] . Among long-term projects is the construction of new Ho Chi Minh - Hanoi and Binfyok - Phnom Penh lines. The government's plans include attracting foreign and private Vietnamese investments in projects of the Vietnam Railway Corporation (repair and expansion of stations, construction of warehouses, logistics complexes, access roads, water and energy infrastructure) [8] [9] [10] [11] [12] .
Restructuring
According to the restructuring plan of Vietnam Railway Corporation in 2014-2015, the Ministry of Transport allocated Hanoi Railway Passenger Transport Company and Saigon Passenger Railway Transportation (the most profitable VNR sectors) to separate companies in Hanoi and Ho Chi Minh City. At the second stage, the locomotive operator Di An Train Limited and the railway equipment factory Gia Lam Train Company in Hanoi, to which the Railway Rubber Enterprise plant was attached, were allocated. At the third stage, track companies, bridges and tunnels services, construction and repair units, information and signaling services [13] [14] [15] were drawn up in separate companies.
During the restructuring, Vietnam Railway Corporation sold shares in non-core assets (mining, construction, tourism) and reduced its stake in a number of affiliated companies. The government plans to bring the parent company Vietnam Railway Corporation and its subsidiaries to the initial public offering [13] [16] .
Structure
- Vietnam Railway Corporation
- Hanoi Railway Passenger Transport Company
- Saigon Passenger Railway Transportation
- Di An Train Limited
- Gia lam train company
- Railway Rubber Enterprise
- Vietnam Railway Transportation Service Company
- Transport Investment and Construction Consultant Company
- Railway Construction Corporation
- Investment and Construction Company No. 3
- Investment and Construction Company No. 6
Criticism
Despite its monopoly position, Vietnam Railway Corporation is notable for its loss-making, inefficient management, poor quality of services and non-market pricing methods for its services. Vietnam's railways account for about 0.5% of passenger traffic, 1% of the country's freight traffic, 2.2% of the transport market and 1.2% of Vietnam's logistics sector. The railway network is characterized by poor condition and the lack of capital investments for repairs and expansion. A long trip between Hanoi and Ho Chi Minh City, due to poor service, scares off some passengers, although tourists traveling to Hue , Hoi An or Nha Trang use this line (recently, Vietnam Railway Corporation has become increasingly competitive in the domestic passenger transportation market) [17] [16] [18] .
The Vietnam War and the Sino-Vietnamese War caused great damage to the railway infrastructure, in many places only temporary repairs were made. The center of the country is prone to frequent floods, which leads to the destruction of bridges and tunnels, and as a result - to a long stop of traffic on the only north-south line. There are frequent cases of corruption and bribery among officials of Vietnam Railway Corporation. To improve staff skills, the leadership of Vietnam Railway Corporation sends employees to study abroad and introduces foreign language courses [19] [20] .
Notes
- ↑ Vietnam Railway Corp. Bloomberg.
- ↑ Vietnam Domestic Top 200 Companies . Archived August 3, 2016.
- ↑ VNR to introduce e-ticket systems next month (inaccessible link) . Baomoi. Date of treatment June 28, 2016. Archived on August 8, 2016.
- ↑ Vietnam to put railway e-ticket system into use on September 1 (English) (unavailable link) . Baomoi. Date of treatment June 28, 2016. Archived on August 8, 2016.
- ↑ Building an E-ticket system for Vietnam Railways Corporation . FPT.
- ↑ Vietnam to build first subway with Japanese aid . Archived February 4, 2008.
- ↑ Hanoi Metro: Vietnam's first metro rail project on track . Global Mass Transit.
- ↑ Vietnam plans new railway link . BBC News.
- ↑ Vietnam to open doors for private investment in railway infrastructure (English) (inaccessible link) . Baomoi. Date of treatment June 28, 2016. Archived on August 8, 2016.
- ↑ VNR, Vingroup cooperate in rail infrastructure investment . VietnamPlus.
- ↑ Vietnam's railways sector opens up . VietnamPlus.
- ↑ Vietnam's railway sector to open to private investors . DealStreetAsia.
- ↑ 1 2 VNR kicks off restructuring process (English) (inaccessible link) . Baomoi. Date of treatment June 28, 2016. Archived on August 8, 2016.
- ↑ Vietnam Railway to equitise subsidiaries as part of reforms . VietnamPlus.
- ↑ Railway sector plans restructuring . VietnamPlus.
- ↑ 1 2 Railway sector strives to improve passenger service . VietnamPlus.
- ↑ Many rail tunnels need upgrading (inaccessible link) . Baomoi. Date of treatment June 28, 2016. Archived on August 8, 2016.
- ↑ Railway sector slashes fares to woo passengers . VietnamPlus.
- ↑ Railway sector targets modernity (inaccessible link) . Baomoi. Date of treatment June 28, 2016. Archived on August 8, 2016.
- ↑ 5 train carriages moved to Đồng Nai . Viet Nam News.
Links
- Wikimedia Commons has media related to Vietnam Railway Corporation