Vnr

The rail freight link between Vietnam and Belgium is a major milestone for the railway industry.

As international sea transport is facing difficult times, there are a surge in demand for international goods transport from Vietnam to the EU.

The contract is set to valid from January 1,2021 to December 31, 2021, with the value of VND2.82 trillion (US$122.47 million).

The state-run railway operator would be responsible to keeping smooth operation of railway system.

The railway station area is expected to become the location of amusement parks, supermarkets and services, then earning profits.

The upgrade of the North-South railway, a core part of national transport system, is expected to improve the performance of Vietnam railway industry.

The pandemic thwarted a plan to restore the railway sector by taking advantage of the peak traffic times in summer and Tet holidays.

Most major state-firms are facing a gloomy outlook as Covid-19 is wreaking havoc on the economy.