Vietnam Railway Corporation braces for US$85mil loss


Passenger transportation has had many difficulties so the railway industry has promoted freight transport. — VNA/VNS

HANOI (Vietnam News/ANN): The Vietnam Railway Corporation (VNR) faces the most difficult period in its history due to the Covid-19 pandemic and flooding in central Vietnam, according to VNR chairman Vũ Anh Minh.

The corporation expects to record a loss of about VNĐ2 trillion (US$85 million) this year while it gained a profit of VNĐ182 billion in 2019. Its consolidated revenue this year is estimated at VNĐ6.5 billion, just 77 per cent of the figure last year.

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