With its cumbersome and ineffective apparatus, Vietnam Railways (VNR) plans to restructure its operations to resurface and regain market share.
Pressure for change
After many years of declining revenue and profit, VNRs business operations have produced positive signs. Notably, in the third quarter of this year, VNR reported increases in both passenger volume (3.77 million) and handled cargo (1.79 million tonnes), up 2.2 and 17 per cent on-year, respectively. As a result, in the third quarter of 2017, VNR reported a revenue of VND1.45 trillion ($63.7 million), up 13.8 per cent on-year.
Instead of continuing to supply existing low-quality services of the railway industry to passengers as before, VRN now tries to upgrade facilities and service…
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