Vietnam Travel Footprint Home | Sitemap 
Vietnam adventure tours
 
Vietnam Information
Country Profile
Vietnam Travel Tips
Travel News
More...
Vietnam Destinations
Hanoi
Hue
Saigon (HCM)
More... 
Vietnam Tours
Day Trips & Excursions
Package Travel
Adventure Tours
More... 
Vietnam Hotels & Resorts
Hotels in the South
Hotels in the North
Hotels in the Center
More...
Responsible Travel
Culture
Environment
Out and About
More...
Travel Newsletter
For the latest news, hotest deals and more... We treat
your email confidential!
  
  
Home » Vietnam information » Vietnam Travel News » December - 2006

Vietnam train - Privately owned train on state owned railway

19/12/06 (GMT+7)

The 5 Star Express, the first privately owned and the first five-star train in Vietnam, on December 16 began running on the Ho Chi Minh City – Nha Trang – Ho Chi Minh City route.

Privately owned train on state owned railway

This train was developed and is operated by Truong Sinh Advertisement Company and the Saigon Railway Company. Equipped as a ‘moving five star hotel’, the developers hope to meet the demand of passengers. It will also help generate more and more value added services to be provided on the railway.

 Truong Sinh Company’s representative said that it takes out insurance for passengers at compensation levels 15-30 times higher than the normal levels for accident insurance.

 It is estimated that the total insurance premium of the 5 Star Express reaches VND65bil ($4.02mil). VIP passengers can get the compensation level of VND300mil/person/accident. Bao Viet Saigon, a branch of the Bao Viet Financial and Insurance Group, is the insurer.

 The December 16 train carried Hwang Sung Won, born in 1948, Republic of Korea’s nationality, Chairman of the ROK community in Vietnam. Mr Hwang Sung Won was the 1millionth tourist to Nha Trang City.

  The privately owned train is considered a milestone in Vietnam’s railway transportation history. Only in the last few years has private investment in the railway transportation been encouraged.

Experts have forecast that more and more private owned trains will run on state invested railways as investors find the services very profitable. When talking with VietNamNet about the fact that Vietnamese private investors have been getting more deeply involved in railway transportation, the chairman of the group, specialising in producing paper, said that Vietnam had gone far ahead of Thailand in this field.

 However, a lot of questions have been raised over the participation of private investors in railway transportation: Which mechanism will be applied to the enterprises that have trains running on state owned rails? What will be the fees for leasing the rails? Which kinds of investments will be open for private investors?

  (Source: VNN)

  • Vietnam train - Privately owned train on state owned railway ( 19/12/06 )
  • Vung Tau plans special day to refresh travel image ( 18/12/06 )
  • Vietnam holiday - Tet - Vietnam Airlines adds hundreds more flights ( 18/12/06 )
  • Rex Hotel Saigon gears up for the festive season, Vietnam ( 18/12/06 )
  • Can Gio, an attractive place for ecological tours in Vietnam ( 17/12/06 )
  • Travel to Nha Trang tourists can go by express train ( 16/12/06 )
  • Quang Nam:Craft village selected to develop tour packages ( 15/12/06 )
  • Da Lat tour destination, past and present ( 14/12/06 )
  • Tours to old tea area ( 13/12/06 )
  • Quang Ninh looks to tap tourism potential ( 12/12/06 )
  • Vietnam Travelling during the festive season ( 11/12/06 )
  • For the further preservation of cultural heritages ( 11/12/06 )
  • Mekong trip, ready for discovery ( 11/12/06 )
  • Conference on partnership in Vietnam’s tourism human resources ( 10/12/06 )
  • Vietnam aims to attract more travellers by land ( 09/12/06 )
  • Year-end events at Sandy Beach ( 08/12/06 )
  • New tourism wave in Vietnam: more travellers reached ( 07/12/06 )
  • Kien Giang to survey sea route to Cambodia, Thailand ( 06/12/06 )
  • A key factor to create attractive tourism environment ( 05/12/06 )
  • A market full of colors ( 05/12/2006 )
  •   Responsible Travel | Vietnam hotels | Travel Pictures | Destinations | Travel Maps | FAQs | Links  
       Footprint Travel ® Copyright 1999 -
    Travel to Vietnam: Vietnam Tourism 

AdministrationPATAResponsible travelTrust Earned Travel
       Privacy & Disclaimers applied