Hà Nội Metro’s profits nearly triple in first half of 2025

Hà Nội Metro’s profits nearly triple in first half of 2025

The company recorded a post-tax profit of VNĐ9.98 billion (US$380,000), up from VNĐ3.34 billion in the first half of 2024.

A section of the Nhổn–Hà Nội Station Metro line. — Photo hanoi.gov.vn

Hà Nội Metro One Member Limited Company, the operator of the Cát Linh–Hà Đông and Nhổn–Hà Nội Station urban railway lines, has reported nearly triple its profit in the first six months of 2025 compared to the same period last year.

The company recorded a post-tax profit of VNĐ9.98 billion (US$380,000), a 198 per cent increase from the VNĐ3.34 billion recorded in the first six months of 2024.

The sharp rise was largely driven by financial income, particularly VNĐ23.6 billion earned from interest on deposits and loans.

By the end of the reporting period, the company held more than VNĐ83 billion in bank deposits — nearly double the figure at the beginning of the year.

For 2025, Hà Nội Metro has set a target of VNĐ878.4 billion in total revenue, marking a 40 per cent increase from 2024. Pre-tax and post-tax profit targets are set at VNĐ27 billion and VNĐ20.7 billion respectively. With half the year gone, the company has achieved more than 50 per cent of its revenue target and nearly 50 per cent of its post-tax profit goal.

In terms of core operations, Hà Nội Metro aims to transport 19.3 million passengers in 2025, with a total of 159,732 train journeys. Passenger transport revenue has reached VNĐ111.5 billion, accounting for roughly one-eighth of the company’s total revenue.

Currently, the company operates two main metro lines. The Cát Linh–Hà Đông line is 13 kilometres long, entirely elevated, with 12 stations. Each train has four carriages, a capacity of 960 passengers, a maximum speed of 80 km/h and an average operational speed of 35 km/h. It takes 23 minutes to travel the full length of the line.

The Nhổn–Hà Nội Station line spans 12.5 kilometres, including an 8.5-kilometre elevated section from Nhổn to Cầu Giấy and a 4-kilometre underground segment from Cầu Giấy to Hà Nội Station. The trains on this line have a maximum capacity of 950 passengers.

At the end of July, the Government Inspectorate announced plans to inspect several major projects under the Ministry of Construction that show signs of delays, inefficiency and potential risk of budget losses. Among them is the Cát Linh–Hà Đông urban railway project, which has a total investment capital of VNĐ18 trillion. 

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