Hanoi Railway Transport posts record revenue
This year, the company is focusing on improving service quality and collaborating with major travel agencies in Hanoi to attract foreign tourists.
This year, the company is focusing on improving service quality and collaborating with major travel agencies in Hanoi to attract foreign tourists.
Sluggish road development due to challenges such as compensation and site clearance issues, as well as budget constraints, hindered progress.
For the capital's urban transportation network and for connecting the country's road and rail systems, the project is of particular importance.
The total estimated investment for the entire project is approximately US$58.71 billion.
Vietnam will need more than VND550 trillion (US$23.2 billion) to expand the network of seaports, inland ports, and railways, according to the master plans for developing these infrastructures in 2021-2050 approved by the Prime Minister.
This year, the company aims to achieve a total revenue of nearly VND2.2 trillion, a year-on-year increase of 10%.
After a year of operation, the US$730-million project saw increased ridership and expects a growing number of passengers.
The city is set to close all shops and prohibit tourism activities along the railway until further notice to assure traffic safety and the lives of people.
Construction priorities are for sections Hanoi – Vinh and Nha Trang – Ho Chi Minh City.
Enjoying delicious coffee while watching the old train slowly rolls barely a meter away is a terrifying but enjoyable experience for many foreign visitors to Hanoi.
The Lunar New year period is the time that those working in the railway industry see passengers crammed into train carriages.
The train passes through marvelous Vietnam's central scenery of water buffaloes graze in wide-open fields, humble villages flit by, and impossibly green fields.
Passenger traffic of public transportation makes up only 17% of the total volume of passenger transport in Hanoi, which should be doubled in the coming time to keep up with the city’s rapid urbanization rate.
By 2050, Vietnam would have a network of 25 railway routes with a total length of 6,354 kilometers.
Total investment capital for railway development until 2030 is estimated at VND230 trillion (US$10.5 billion).
Compliance with safety requirements will lead to more costs for bus operators amid low demand.
Seven current railway routes are being upgraded in the 2021-2030 period.