return icon

VN railway operator requests $2.5 million bailout to support local routes

The Vietnam Railways Corporation (VNR) has asked the Government for a bailout of VND60 billion (US$2.5 billion) to support three local routes suffering devastating drops in travel demand due to COVID-19.

Most of the Yen Vien - Ha Long train route's passengers are small-scale traders. — VNA/VNS Photo Trong Dat

These routes connect Hanoi’s Long Bien District with Thai Nguyen Province’s Quan Trieu District, Hanoi’s Yen Vien Commune with Quang Ninh Province’s Ha Long City and Hanoi with Lang Son Province’s Dong Dang Town. The passengers are mostly low-income entrepreneurs trading vegetables, agricultural products and other goods.  

Only one pair of trains runs on each route, meaning total expenses to maintain these three routes were VND24.9 billion ($1 million) in 2019 and VND34.9 billion ($1.5 million) in 2020.

VNR has filed a plan on financial assistance to the Government and relevant agencies.

These routes have been suspended since March 16 amid the pandemic’s surge. 

Other trans-provincial passenger trains have been halted since March 30 to prevent the spread of COVID-19.

The Reunification route connecting Hanoi and HCM City continues operating with two trips per day at most.

VNR reported a loss of VND100 billion in the first quarter. The loss could increase to nearly VND900 billion for the full year. — VNS

Quiet trains during COVID-19 pandemic

Quiet trains during COVID-19 pandemic

The North-South trains are currently the most optimal means for many passengers when they need to travel in the context of coaches and taxis are not operating and the aircraft is operating only in limited time slot.

Trains get cancelled due to coronavirus

Trains get cancelled due to coronavirus

A total 152 trains have been suspended as travel demand plummets due to the novel coronavirus, leaving the railway sector facing losses of VNĐ90 billion (US$3.8 million) since the outbreak began, according to the Ministry of Transport.  


Deputy PM highlights significance of int'l solidarity, cooperation at UN session

The strengthening of international solidarity and cooperation is key to addressing interlocking global challenges, affirmed Permanent Deputy PM Pham Binh Minh while addressing the general debate of the 77th Session of the UN General Assembly.

Huge potential for luxury real estate in Vietnam

The branded residence market is gaining a stronger foothold in the Vietnamese market with potential to further develop, shaping the lifestyle of the country’s elite, according to experts.


Action plan to promote green growth in agriculture

Vietnam’s economic growth counts on high-tech FDI

Vietnam’s economic growth has been accelerating in 2022, with experts considering high-tech foreign investments as a driver.

The “seven-star” islands in Quang Ninh

Along with crystal blue sea and beaches, the 7 Sao (seven star) islands also have caves and primeval forests.

Customs you only see in Vietnam

The travel site Culture Trip has listed a number of Vietnamese customs that often surprise foreign tourists:

Investors and buyers play waiting game in credit switch

The State Bank of Vietnam finally created extra credit room for some banks on September 7. However, the extension is deemed low and may not help real estate businesses and homebuyers access feasible capital sources for their projects.

Woodwork exports to EU, US drop as consumers cut spending

Many woodwork manufacturers complain that exports have been sliding as people in target markets have been tightening their purse strings.

Vietnam: new destination for multinationals to set up R&D centers

Vietnam wants to upgrade foreign direct investment (FDI) quality by manufacturing products with higher hi-tech and added value, and multinationals are also striving to do this after many years in Vietnam.

Huge real estate projects seek new investors

Many investors have quit large-scale investment projects capitalized at trillions of dong.


Work starts on Tan Van-Nhon Trach section of HCM City’s Ring Road No.3

Three Vietnamese airlines named among world’s best air services

Vietnam Airlines, Vietjet Air, and Bamboo Airways have been honoured in different categories by Skytrax, a UK-based site which ranks airlines and airports.

Vietnam Days Abroad 2022 to take place in Austria, India, RoK

Vietnam Days Abroad 2022 will be held in Austria, India, and the Republic of Korea (RoK) on the occasion of the anniversaries of diplomatic relations between Vietnam and these countries.

UN backs Vietnam’s development priorities: Secretary-General

The United Nations (UN) will continue paying attention to and support Vietnam's development priorities towards green and sustainable orientations, and just transition, especially in terms of financial access.

Vietnam merits seat at UN Human Rights Council: Washington Times

The Washington Times has published an article in which it supports Vietnam's candidacy for the United Nations Human Rights Council (UNHRC) for the 2023-2025 term.