National Assembly approves airfare caps
HCMC – The National Assembly has approved maintaining airfare price ceilings in the revised Pricing Law, which was passed yesterday, June 19. With nearly 93% of the deputies present at the NA sitting voting in favor, the revised Pricing Law will come into force on July 1 of this year. Under the
Higher domestic airfare caps likely
HCMC – The Ministry of Transport is currently gathering feedback on a draft circular in which domestic airfare caps would rise by VND50,000 to VND250,000 per ticket depending on routes. According to the draft circular, the proposed airfare caps for domestic routes between 500 kilometers and below
Floor domestic airfares likely to be abolished
HCMC – A majority of National Assembly (NA) deputies have agreed to maintain the airfare cap but remove floor prices of domestic air tickets. The NA Standing Committee said that removing the floor prices of domestic air tickets is necessary to encourage competition, reduce service prices, protect
Domestic airfare caps may increase from mid-2023
HCMC – The Ministry of Transport plans to revise up the caps on domestic airfares from the second or third quarter of this year, in which the upper ticket price limit on the 850-1,000-kilometer routes would inch up by over 6%. The price brackets for air services would be raised by 3.75% on average