Vietnam Railway Transport Joint Stock Company is the investor of the project with its own capital, loans and other self-mobilized funds for business development.

 

With a history of over 100 years of establishment and development, the railway in our country is one of the oldest means of transport. This is also the dominant means of transport over other modes of transport in the previous decades. However, development and then "sleeping" makes the railway industry lag behind the strong development speed of other modes of transport. Our country's railway system is currently operated with nearly 300 locomotives in operation, but most of them are old locomotives with the age of 30 years or more. The power and speed of the locomotive is low, consuming a lot of fuel. Passenger and freight trains of the railway have also been operated for many years with many types, causing difficulties and obstacles in operation, maintenance and repair.

The freight wagons of VNR currently have 4,370 wagons, of which 4,170 carriages can be used (including wagons of two gauge types, the 1,000 mm gauge has 3856 carriages, and the 1,435 mm gauge is 314); there are 11 categories of freight wagons with 1,000 mm gauge (including those with symbols G, H, N, M, Mc, P, XT...), and 6 types of freight wagons with 1,435 mm gauge; The total capacity of the 1,000 mm gauge freight wagon is 130,667 tons, and the 1,435 mm gauge is 15,620 tons.

• Construction Law No. 50/2014/QH13 dated June 18, 2014 of the National Assembly;
• Investment Law No. 67/2014/QH13 dated November 26, 2014 of the National Assembly;
• Law on Public Investment No. 49/2014/QH13 dated June 18, 2014 of the National Assembly;
• Bidding Law No. 43/2013/QH13 dated November 26, 2013;
• Railway Law No. 06/2017-QH14 dated June 26, 2017;
• Law on Value-Added Tax No. 13/2008/QH12 dated June 3, 2008 and Law amending and supplementing a number of articles of Law on Value-Added Tax No. 31/2013/QH13 dated June 19, 2013;
• The Law on Corporate Income Tax No. 14/2008/QH12 dated June 3, 2008 and the Law amending and supplementing a number of articles of the Law on Corporate Income Tax No. 32/2013/QH13 dated June 19, 2013;
• Law on fees and charges No. 97/2015/QH 13; November 25, 2015;
• Enterprise Law No. 68/2014/QH13 dated November 26, 2014 of the National Assembly;
• Law on management and use of state capital invested in production and business in enterprises No. 69/2014/QH13 dated November 26, 2014 of the National Assembly;
• Decree No. 65/2018/ND-CP dated May 12, 2018 of the Government detailing the implementation of a number of articles of the Law on Railways;
• Decree No. 209/2013/ND-CP dated December 18, 2013 of the Government detailing and guiding the implementation of a number of articles of the Law on Value Added Tax;
• Decree No. 218/2013/ND-CP dated December 26, 2013 of the Government detailing and guiding the implementation of a number of articles of the Law on corporate income tax;
• Decree No. 59/2015/ND-CP, dated June 18, 2015 of the Government on construction investment project management;
• Decree No. 63/2014/ND-CP dated June 26, 2014 of the Government detailing the implementation of a number of articles of the Bidding Law on contractor selection;
• Decree No. 32/2015/ND-CP dated March 25, 2015 of the Government on management of construction investment costs;
• Circular No. 219/2013/TT-BTC dated December 31, 2013 of the Ministry of Finance guiding the implementation of the Law on Value-Added Tax and Decree No. 209/2013/ND-CP dated December 18, 2013 of the Government ;
• Circular No. 09/2016/TT-BTC dated January 18, 2016 of the Ministry of Finance providing for the settlement of completed projects funded by the State;
• Circular 06/2016/TT-BXD dated March 10, 2016 of the Ministry of Construction guiding the determination and management of construction investment costs;
• Circular 05/2016/TT-BXD dated March 10, 2016 of the Ministry of Construction guiding the determination of labor unit cost in construction investment cost management;
• Decision No. 79/QD-BXD dated February 15, 2017 of the Ministry of Construction announcing cost norms for project management and construction investment consultancy;
• Decision No. 1722/QD-DS dated October 27, 2015 of the Members' Council of the Vietnam Railways Corporation on promulgating the Regulation on management of investment activities of the Vietnam Railways Corporation.

 

In the 2011-2020 period, GDP growth is expected to reach about 5.9%/year, belonging to the group of high-growth countries in the region and in the world. GDP scale increased 2.4 times, from 116 billion USD in 2010 to 268.4 billion USD in 2020. GDP per capita increased from 1,331 USD in 2010 to about 2,750 USD in 2020. Vietnam's economy reached about 343 billion USD, ranked in the top 40 largest economies in the world and ranked fourth in ASEAN; GDP per capita reached 3,521 USD, ranked 6th in ASEAN.

The total export and import turnover of goods increased 3.6 times, from 157.1 billion USD in 2010 to 543.9 billion USD billion in 2020. Exports increased by 14%/year on average, which is an important driving force. for economic growth. Export markets are expanded; many enterprises deeply participate in regional and global value chains; contribute to improving the export capacity and competitiveness of the economy. Continuous trade surplus from 2016-2020. balance of international payments surplus; foreign exchange reserves increased from 12.4 billion USD in 2010 to over 90 billion USD in 2020.

In the period 2021-2025, Vietnam will continue to promote economic growth mainly in depth, perfecting the synchronous growth model in terms of economic - technical, socio-economic and economic - biological. attitude, promote development on the basis of innovation, improve labor productivity, apply scientific and technological advances, improve the quality of human resources, promote comparative advantages and actively integrate international.

On January 1, 2020, the Government issued Resolution No. 01/NQ-CP on the main tasks and solutions to implement the socio-economic development plan and the State budget estimate for 2020, in These include the following policies on logistics infrastructure: Speeding up the North-South expressway project, early deciding to invest in the Long Thanh International Airport project and organizing the implementation of important projects. , urgent, connected and pervasive to regions and regions. Do well the management, repair, maintenance and regular maintenance of the road and rail traffic system

According to the assessment and forecast of the world's prestigious financial institutions such as WB, ADB..., Vietnam's economy from 2020-2030 will continue to grow steadily, annual GDP is about 7.0%. With a thriving economy and stable politics, Vietnam has signed a series of trade agreements such as CTCPP; FTAs are a solid basis for deep integration in the globalization process of the world economy. With a thriving economy both in terms of quality and quantity, transportation, including road transport, which is considered the lifeblood of the economy, cannot fail to develop, even having to go ahead to meet task for the national economy.

This 1,700-wagon investment project is very urgent in order to solve the bottleneck in railway transport capacity, which is a serious shortage of wagons, and at the same time improve the quality of wagons used for the current railway industry. Along with attracting new sources of goods, combining Logitics transport methods, enhancing technology and management quality, thereby increasing the expected shipping volume by the end of 2027 to nearly double the current level.

In addition to the above objectives, this project also creates thousands of jobs for workers, ensures social order and security as well as serves national defense well in all circumstances.

With the goal of modernizing the railway industry, expanding investment, increasing the importance of the industry commensurate with the potential and role of the railway industry in economic development. This is an important premise in building the project of the enterprise.

Increasing the scale of transport operators, increasing benefits and profits in the freight transport business by railway

Attracting a part of transport volume from road to railway to reduce environmental pollution, reduce traffic congestion.

Facilitating the use of materials that can be supplied domestically (increasing the localization rate)

Actively innovating rolling stock manufacturing technology, there are more conditions to train technical workers in repairing and building new vehicles.

Exploit well the existing mechanical equipment and premises of the domestic mechanical industrial production units.

Save foreign currency if importing whole new wagons.

Increase transportation revenue, contribute to increase rental fee for using railway infrastructure, reduce state budget balance for maintenance and maintenance of railway infrastructure.

Contributing to the renewal of railway transport means, quickly compensating for the number of freight wagons that have been in operation for over 35 years.

Contributing to speeding up the circulation of goods for domestic production, trading and exporting enterprises.

Contributing to creating favorable conditions for localities and regions, increasing circulation and production of goods..

Create jobs and increase income for workers.

Increase export and import capacity.

With the requirements and benefits brought, in the current context of railway transport: both lack of wagons and lack of capital, it is really necessary for enterprises to invest in building new wagons to solve the above needs. necessary, in line with the policy of socialization in the railway transport business and the development of railway transport of the State.