Vietnam Railways restructuring plans approved March 30, 2026 | 17:33 (0) user say ShareEmail Print With the approval of the restructuring plan for 2026-2030, Vietnam Railways will develop into a group model, aiming to create a driving force for the industry development and attract more investment. Deputy Prime Minister Ho Duc Phoc signed Decision No.498/QD-TTg dated March 27, approving the restructuring of VNR for 2026-2030, with a vision to 2035. The goal is to leverage advantages and enhance competitiveness, becoming a key and crucial enterprise in the organisation, management, operation, and maintenance of railway lines; to lead, guide, and collaborate with other enterprises in the value chain within its core business to master core and strategic technologies. This will create momentum for the development of the railway industry; to build and develop its brand to access large capital sources, attract investors, strategic partners, and high-quality workers, and participate deeply in regional and global value chains. Photo: VNR The plan targets the total output value and revenue after transformation to increase by an average of 10 per cent or higher per year. The decision states that to develop and implement a plan for supplementing charter capital from the state budget, public assets resulting from the implementation of projects using state capital (considered part of state capital in the enterprise), and other legitimate sources of capital; ensuring consistency, efficiency, and capacity to carry out assigned tasks. Accordingly, the parent company VNR is a limited liability company with all of its charter capital held by the state. VNR inherits all the rights, obligations, and responsibilities of the VNR as stipulated in the Railway Law, the Enterprise Law, the Law on Management and Investment of State Capital in Enterprises, and other current legal documents, and the agreements, documents, agreements, and contracts signed with relevant parties as prescribed
