Railway Management
The Vietnamese railway network is owned and operated by the state-owned enterprise Vietnam Railways (VNR), which operates a number of different subsidiaries involved in construction, communications, training, and other activities connected to railway maintenance. Following the end of the Vietnam War in 1975, the newly reunified Vietnamese railway network was centrally managed by the precursor of VNR, the government's Department of Railways. Initially, low rail tariffs and the poor state of infrastructure used in other modes of transport led to high usage, but revenue proved to be insufficient to cover the railway's operating costs. In 1986, the Government's implementation of Doi Moi economic reforms led to the deregulation of the transport sector and the shift towards a market-led economy, forcing the railways to change in order to maintain a competitive edge. The Department of Railways was reorganized into Vietnam Railways (Vietnamese: Đường sắt Việt Nam) in 1989; since that time, railway reform has passed through a number of stages. Responsibility for rail infrastructure and operations were separated by government decree in 1994. The government of Germany began providing assistance with the restructuring of the railway sector in 2000, allowing VNR to improve the efficiency and effectiveness of its operations, thus increasing its competitiveness. In 2003, VNR was re-organized as a state corporation, the Vietnam Railway Corporation, operating in railway transport and related services; railway administration and infrastructure management were given to the Vietnam Railway Administration, under the authority of the Ministry of Transport. A Railway Law was passed by the National Assembly on 19 May 2005; although regulations for the law's implementation have yet to be issued, it does provide a strong basis for further sector development; among other things, it proposed that foreign investors be invited to invest in Vietnam Railways.
Read more about this topic: Rail Transport In Vietnam
Famous quotes containing the words railway and/or management:
“Her personality had an architectonic quality; I think of her when I see some of the great London railway termini, especially St. Pancras, with its soot and turrets, and she overshadowed her own daughters, whom she did not understand—my mother, who liked things to be nice; my dotty aunt. But my mother had not the strength to put even some physical distance between them, let alone keep the old monster at emotional arm’s length.”
—Angela Carter (1940–1992)
“The management of fertility is one of the most important functions of adulthood.”
—Germaine Greer (b. 1939)