Vietnam’s Deputy Prime Minister Ho Duc Phoc has approved the restructuring of Vietnam Railways Corporation (VNR) for 2026–2030, with a development horizon to 2035.
Under the approved framework, the group will act as the central entity for managing, operating, maintaining and commercially exploiting the national railway infrastructure. It will also coordinate activities across the railway value chain, including the development of core and strategic railway technologies.
The restructuring sets a target of at least 10% average annual growth in output value and revenue over the 2026–2030 period, with further expansion planned through 2035. The plan includes provisions to improve labour productivity, retain employment and fulfil state budget contributions.
The Ministry of Finance will lead implementation, working with the ministries of justice, construction, and industry and trade, among other agencies. A decree defining the operational and financial management mechanisms for the restructured group is due to be submitted to the government in June 2026.
