Vietnam News

Vietnam Railways posts first H1 loss in a decade

Vietnam Railways Corporation (VNR) posted a H1 pre-tax loss of VND304 billion ($13 million) this year, the first such instance in a decade.

The loss compares to a pre-tax profit of VND165 billion in the same period last year. Revenues in the period fell 40 percent to VND2.79 trillion ($121 million).

The company had earlier forecast a loss of VND1.39 trillion for the year as the number of passengers plunged 54 percent to two million in the first half, primarily as a result of the Covid-19 pandemic.

VNR has suspended several train routes this year due to low demand. It has announced plans to increase the transport of goods such as fruits and seafood from the southern region to China to boost revenues.

It earned revenues of VND8.19 trillion ($353 million) last year, unchanged from 2018.

By Dat Nguyen – – August 15, 2020

Translate / Dịch

En continuant à utiliser ce site, vous acceptez l’utilisation de traceurs (cookies). Plus d’informations

En poursuivant la visite de ce site, vous acceptez l’utilisation de traceurs (cookies) vous permettant d'optimiser votre navigation. Aucune information sur votre utilisation de ce site ne sera partagée auprès de quelconques médias sociaux, de sociétés commerciales ou d'agences de publicité et d'analyse. Cliquer sur le bouton "Accepter", équivaut à votre consentement.