Many taxi companies have slashed fares by 4% to 12% following the recent fall in petrol prices.
Taxi companies slashed fares
The Hanoi Transport Department said that diesel prices had fallen VND1,860 from January 21 to September 3 and it had asked taxi firms to cut their fares to mirror the decrease.
Department deputy head Nguyen Xuan Tan said that as of September 11, 39 out of 89 taxi firms operating in Hanoi had publicly announced their new prices, with 11 out of 61 firms having cut prices by 11%.
In similar moves, HCM City Transport Department and the HCM City Taxi Association also asked their members to reduce fares by VND500 per kilometre.
Many taxi firms in Can Tho and Danang City have also slashed fares by an average VND500 per kilometre.