The volume of goods transported by railways in Vietnam showed fluctuating trends from 2013 to 2023, standing at 4.09 billion tonne kilometers in 2023. Year-on-year variations were notable, with significant decreases in 2016 and 2019 and moderate increases in more recent years. Specifically, the last two years saw an average annual growth rate (CAGR) of approximately 2.53%, while the five-year CAGR was 0.52%.
Future forecasts indicate consistent growth, with the volume expected to reach 4.58 billion tonne kilometers by 2028, corresponding to a forecasted 5-year CAGR of approximately 1.8% and an overall growth rate of 9.31% from 2023. This suggests incremental but stable gains in the coming years.
Trends to watch for include developments in railway infrastructure, enhancements in intermodal transportation, and economic factors that may impact the demand for rail transport services. Monitoring these trends will be crucial for anticipating future volumes and necessary adjustments in capacity and services.
