HCMC – Vietnam Railways Corporation will be reorganized into a state-owned parent–subsidiary group under a Government-approved restructuring plan for 2026–2030, with a vision to 2035.
The plan was approved under Decision No. 498 signed by Deputy Prime Minister Ho Duc Phoc, according to the Government news website (baochinhphu.vn).
The corporation will shift to a group model to improve governance and meet new development requirements. The parent entity, to be named the Vietnam National Railway Group, is expected to operate as a single-member limited liability company with 100% state ownership.
The new group will inherit all legal rights and obligations of the current corporation, including those under railway, enterprise and state capital management laws, as well as existing agreements and contracts.
The plan targets average annual growth of at least 10% in output value and revenue across the system during 2026–2030, with a longer-term outlook to 2035.
Charter capital is expected to increase from multiple sources, including the state budget, public assets from projects and other lawful funding channels.
Implementation is scheduled to begin this year. A Government decree outlining the group’s operational and financial management mechanisms is expected to be issued in June.
The Ministry of Finance will oversee the process and direct relevant entities to implement the plan. Other ministries and agencies are tasked with reviewing and proposing adjustments and reporting to the prime minister.
