return icon Vietnamnet.vn

Vietnam Railways to upgrade trains

Vietnam Railways (VNR) plans to upgrade the country’s rail infrastructure by building 300 new and high-quality train carriages and purchasing more locomotives by 2023.

 

{keywords}
 

The move aims to provide improved services, according to VNR, as its outdated locomotives and carriages result in higher fuel consumption and maintenance costs.

In accordance with the 2017 Railway Law, the lifespan of locomotives and carriages should not stretch beyond 40 years for passenger trains and 45 years for goods trains.

But about a half of its locomotives and one-third of the carriages have been in use for 30-40 years, so it is now necessary to purchase replacements.

VNR worked with a foreign partner on investment solutions for its plans. The partner will build the trains and offer them to the VNR on a lease-purchase agreement.

When the agreement is completed, the trains will be the property of VNR; a method that helps reduce intermediate cost and other expenses.

The cost of building carriages will be cut by 10 per cent and investors have the responsibility for conducting maintenance. VNR expects to see 50 new trains go into operation over the next three to five years.

It will also work with its partner to form a joint venture with the Gia Lam Train Company or the Di An Train Company, to lower the cost of building trains while ensuring domestic workers, machinery, and materials are utilized.

VNR will also continue upgrading old carriages that are still in working order. VN Economic Times

Le Diem

First trains for Nhon-Hanoi elevated railway project to arrive in Vietnam next year

First trains for Nhon-Hanoi elevated railway project to arrive in Vietnam next year

The first set of trains for the Nhon-Hanoi elevated railway project manufactured by a French company will arrive in Vietnam next June, according to the capital city’s urban railway management board.

China contributes US$1.4 million for planning of express railway project in Vietnam

China contributes US$1.4 million for planning of express railway project in Vietnam

The Chinese Government has provided nonrefundable aid of 10 million Chinese yuan (US$1.4 million) for a feasibility study for the Lao Cai-Hanoi-Haiphong express railway project, according to the Ministry of Transport.  

MORE NEWS

Experience Hanoi in its autumn glory

Thanks to its geographical location, the Vietnamese capital city of Hanoi witnesses contrastingly different weather conditions during the four seasons of the year.

VIETNAM NEWS HEADLINES DECEMBER 5

HCYU’s 7th National Congress to be held next week

RoK President hosts State-level welcoming ceremony for Vietnamese counterpart

President Nguyen Xuan Phuc was welcomed in Seoul with a 21-gun salute which is given to a foreign head of state during a State-level visit to the Republic of Korea (RoK).

VIETNAM BUSINESS NEWS DECEMBER 5

2022 ASEAN Postal Business Meeting to be held in Binh Dinh

Ministry considering EVN’s proposal for electricity price hikes

The Ministry of Industry and Trade is reviewing Vietnam Electricity's (EVN) proposal to increase electricity prices as rising input cost was weighing on the largest power company with record loss anticipated for this year.

Proper investment needed to develop night-time economy in Vietnam

The night-time economy of major cities in the country has remained underdeveloped due to a lack of proper investment and an absence of a legal framework and policies to promote it, authorities said.

Vietnam's rice exports likely to reach US$3.5 billion this year

Vietnam is anticipated to rake in roughly US$3.5 billion from exporting more than seven million tonnes of rice this year, according to industry insiders.

Local movie to be screened at Australian Vietnamese Film Festival

Vietnamese film "Cô gái từ quá khứ" (Girl from the past) will be introduced at the Australian Vietnamese Film Festival (AVFF) 2022 which is getting underway in Melbourne, Australia.

Auctions for car licence plates to be tested from July 2023

The starting price of a car licence plate put up for auction is VND40 million. The price may increase by increments of VND5 million.

Purpose-led business to drive superior performance

Working and developing a career at an enterprise with a mission towards sustainable development, employees can bring their goals to life.

Vietnam is well-positioned for green hydrogen production

Green hydrogen (GH2) industrial development is a direction for Viet Nam in the energy transition roadmap to achieve the goal of zero carbon emissions by 2050 but challenges remain, experts said.

Vietnamese Ao Dai honoured at Hanoi festival

Young designer Vu Thao Giang introduced a collection of Ao Dai, a traditional long dress of Vietnam, kick-starting the 2022 Hanoi Tourism Ao Dai festival oon December 2.

Entertainment and cultural events of the week (December 5-11)

Upcoming entertainment and cultural events in Vietnam's major cities on December 5-11.

Three belts on the line at 'Fortunes of War' boxing event in Vung Tau

A blockbuster "Fortunes of War" boxing event will bring together Asia's best fighters in 12 bouts, including three title matches, sanctioned by the IBF and WBO on December 10 at The Grand Ho Tram Strip, Ba Ria Vung Tau Province.

Gold items popular with wealthy Vietnamese

Wealthy people in Vietnam are willing to spend money for their villas, ornamental plants and cars.
back_to_top