Vietnam Railway revenue slumps due to a drop in passengers

June 11, 2021 - 08:34

Vietnam Railway Corporation (VNR) reported its five-month revenue decreased by 51.4 per cent year-on-year due to the impact of the COVID-19 pandemic.

Hà Nội Railway Station. VNR's revenue slumped due to travel restrictions prompted by outbreaks of COVID-19 in many localities across the country. — VNA/VNS Photo Huy Hùng

HÀ NỘI — Vietnam Railway Corporation (VNR) reported its five-month revenue decreased by 51.4 per cent year-on-year due to the impact of the COVID-19 pandemic.

The railway served about 1.147 million passengers, a reduction of 35.4 per cent compared to the same period last year, bringing in over VNĐ400 billion (US$17.4 million) in revenue.

In May, which saw the peak of COVID-19 outbreaks in the latest wave, the number of passengers was only by 132,300, equal to 48.4 per cent of the corresponding figure last year. As a result, revenue from passenger transport stood at VNĐ44.7 billion, equivalent to 55.4 per cent of the figure of the same period last year.

According to VNR, a decline in revenue and demand for transportation and travel is attributable to travel restrictions prompted by outbreaks of COVID-19 in many localities across the country.

The VNR curtailed most of its operations in May. It is currently operating only one train on the Hà Nội-HCM City route.

Also due to the COVID-19 resurgency, more than 11,300 tickets were returned on the occasion of the Reunification Day (April 30) and May Day (May 1) holidays, worth about VNĐ4 billion. — VNS

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