Rail sector's revenue nears $382 million in 2024

Vietnam Railways Corporation (VRC) saw remarkable growth in passenger and freight transport in 2024.

The total number of passengers reached over 7 million, surpassing its annual plan by 14%, while freight transport exceeded 5 million tons, surpassing the plan by over 7% and outperforming the same period last year by more than 11%.

As a result, the corporation's consolidated revenue is estimated to reach nearly VND9.7 trillion ($382 million), an increase of nearly 8% compared to the plan and 7.9% year-on-year. The after-tax profit was estimated at over VND220 billion ($8.67 million).

Mr. Hoang Gia Khanh, General Director of VRC, highlighted that in 2024, the railway sector actively promoted the application of science and technology to enhance the customer experience.

At the same time, it strengthened and expanded cooperation with domestic and international partners, aiming to leverage strengths and attract resources for railway construction and development.

Looking ahead to 2025, the corporation aims for a revenue of more than VND9.4 trillion ($370.3 billion), ensuring a 99% on-time departure rate for passenger trains and a 77% or higher on-time arrival rate.