The Power of Persuasive Writing: Crafting a Compelling Headline “State Railway Enterprise Recovers from Two Setbacks, Generating 4.5 Trillion VND in Revenue with a Minor Setback of 106 Billion VND”

Vietnam Railways held a conference on July 3, 2024, to deploy tasks for the last six months of the year.

According to the information provided at the conference by Nguyen Huu Thanh, Chief of Office of Vietnam Railways, in the first six months, the total revenue of the corporation surpassed VND 4,500 billion, a 10.1% increase. The revenue of the parent company reached nearly VND 3,000 billion, an increase of 11.2%.

Passenger transport volume in the first half increased by 20.6% compared to the same period. During the Lunar New Year holiday alone, the railway sector sold more than 650,000 train tickets, with revenue reaching VND 400.7 billion, equivalent to 107.5% compared to the previous year.

The corporation has also introduced specialized trains with regional cultural characteristics, such as the “Connecting Heritage” train on the Hue-Danang route, the “Da Lat Night Journey” tourist train, and charter trains with customized itineraries and services.

In terms of freight transport, the railway sector has been exploring new cargo flows and enhancing the value of its services. It has been implementing solutions to increase the volume of international intermodal transport by rail, including the renovation and upgrade of the Cao Xa station for international intermodal operations. Additionally, they have been operating international intermodal transport services between Vietnam and China, transiting through China to reach third countries such as Russia, Europe, Mongolia, and Central Asian nations.

Incidents cause a loss of VND 106 billion

However, two incidents disrupted railway transport due to landslides at the Bai Gio and Chi Thanh tunnels, blocking the Hanoi-Ho Chi Minh City route. The transport companies promptly organized passenger transfers through the affected areas, ensuring their safety and providing free meals and drinks during the transfer process. For passengers who chose not to transfer, ticket changes and refunds were smoothly and quickly facilitated without any additional charges.

“The impact of these incidents led to additional costs for emergency responses and indirect losses totaling more than VND 106 billion,” said the Chief of Office of Vietnam Railways.

Regarding the business orientation for the next six months, Mr. Hoang Gia Khanh, General Director of Vietnam Railways, shared that along with production and business activities, the corporation has been working on restructuring its organization.

In the transport sector, a plan has been developed to merge the Hanoi and Saigon Railway Transport Joint-Stock Companies into a single railway transport company. The shareholders’ meetings of both companies have approved the merger, and their boards of directors have signed the merger contract. The companies are now in the process of finalizing the necessary procedures for the merger.

Implementing the Restructuring Plan as per the Prime Minister’s Decision No. 562

On June 26, 2024, the Prime Minister issued Decision No. 562 approving the Restructuring Plan for Vietnam Railways until the end of 2025.

“Therefore, the task for the last six months of 2024 for Vietnam Railways is to implement the restructuring plan in accordance with Decision No. 562 of the Prime Minister and complete the merger of the two railway transport joint-stock companies as planned,” said Mr. Khanh.

In terms of production and business activities, Vietnam Railways has instructed the transport companies to focus on improving service quality, especially addressing limitations and issues raised by customers, such as toilet hygiene, additional equipment for passengers on supplementary trains, and air conditioning in carriages. They are also working on attracting tourists at local destinations to travel by train to their holiday spots. The corporation is preparing to develop a train schedule and plan for the 2025 Lunar New Year holiday…

To achieve the 2024 production and business plan, Vietnam Railways has set key targets for the last six months. The corporation aims to achieve a combined output of VND 4,725.4 billion, revenue of VND 4,701.5 billion, and a profit of VND 53.5 billion.

For the parent company, the revenue target is VND 2,916.9 billion, with a profit of VND 11.7 billion. In the transport sector, the direct transport revenue target is VND 2,039.7 billion, equivalent to 108.6% compared to the same period last year.