Under a decision that took effect on August 11, the Vietnam Railways Corporation has officially transitioned into the Vietnam National Railway Group (VNR).
According to the new registration of the group, railway construction is designated as the core business line. This includes the management, operation, maintenance, and repair of the national railway infrastructure system, as well as the commercial exploitation of these assets.
The VNR inherits all legal rights, obligations, and responsibilities of the former Vietnam Railways Corporation, including all signed agreements, documents, and contracts with relevant parties.
Under the new strategic direction, the group will play a pivotal role in the management, operation, and maintenance of railway lines. It is tasked with leading and integrating other enterprises within the railway value chain to gradually master core and strategic technologies, thereby creating a driving force for the development of the railway industry.
Furthermore, the group is directed to participate in national railway projects and enhance its brand prestige to access large-scale capital, attract strategic partners, and recruit high-quality human resources.
Notably, the new model expands the enterprise's authority in managing and exploiting national railway infrastructure. According to the draft Charter for the organization and operation of Vietnam National Railway Group – One Member Limited Liability Company, the Group is authorized to directly exploit national railway infrastructure assets. It also has the power to develop schemes for the fixed-term lease or transfer of asset exploitation rights for submission to competent authorities for approval.
Additionally, the Group may be designated as the primary investor for new construction, renovation, and upgrade projects of the national railway system using state budget funds.
Earlier, on August 6, 2026, the Prime Minister issued Decision No. 1504/QD-TTg, assigning tasks and key targets for the development strategy of the railway sector for the 2026–2030 period.
Following this orientation, the VNR is being developed as a multi-sector economic group, with railway transport, construction, maintenance, industry, and services serving as its core business pillars.
By 2030, the group aims to fully implement OECD corporate governance principles on a digital platform, while accelerating the application of science, technology, innovation, and digital transformation in management and operations.
By 2035, the vision is for VNR to become a major domestic economic group with the capacity to operate and maintain new, modern national railway networks. It aims to hold a central position in the multimodal logistics chain and international rail transport.
Google translate