Vietnam Railway Corporation urged to take measures to improve competitiveness

Monday, 2017-08-14 17:25:48
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Minister and Chairman of the Government’s Office, Mai Tien Dung, speaks at the working session with the VNR.
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NDO – The Vietnam Railway Corporation (VNR) should take measures to strengthen its competitiveness, as its sales and service supply revenues only reached over VND6.5 trillion (US$286 million) in 2016, down 12% compared to that in the previous year.

Minister and Chairman of the Government’s Office, Mai Tien Dung, conveyed the Prime Minister’s direction to the VNR, while heading a working group for the PM to inspect the corporation on August 14.

The VNR was the 31st agency to be inspected by the working group and the sixth unit inspected concerning the realisation of measures related to ensuring the gross domestic product (GDP) growth rate of 6.7%, set for 2017.

From the beginning of 2016 until August 10, 2017, the Government and the Government leader have assigned 57 tasks to the VNR, 56 of which have already been finalised, alongside one overdue task that has yet to be completed.

Via the working group, the PM asked the VNR to report all of its measures undertaken to ensure the growth target is reached, specifically those on increasing transportation output and revenues, in order to contribute to the service sector’s common growth target of 7.19% in 2017, Dung said.

He stated that the PM has urged the corporation to clarify six issues of the people’s concern, while calling for radical change and renovation.

In addition to strengthening its competitiveness, the Government leader requested that the VNR pays greater attention to promoting railway safety and the railway workers’ sense of responsibility, whilst seeking investors in the socialised exploitation and implementation of infrastructure services, such as warehouses, loading/unloading vehicles and facilities connecting industrial zones, airports and seaports.

The VNR was also reminded to accelerate the use of its existing infrastructure; focus on the organisation, management and implementation of railway crossing renovation projects; and facilitate equitisation work.

At the working session, the working group also noted two tasks relating to the Ministry of Transport, including reporting on the investment in upgrading the railway infrastructure using VND7 trillion (US$308 million) worth of Government bonds, and reviewing railway crossings nationwide, in order to settle the “black spots” at high risk of accidents in a timely fashion.