>> Petroleum prices hit record highs in Vietnam
Many transport firms operating out of Hanoi’s stations have submitted proposals to increase fees, citing high fuel prices as the cause.
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| A bus and coach station in Hanoi |
Nguyen Hoang Trung, Director of Hanoi Coach Station Management Company, said that at least 22 bus and coach companies would raise their fees by 10%-15%. Others have already raised their fees.
They claim that the price hikes would help to offset the high price of petrol and other materials.
“At My Dinh Station, Bac Giang Coach Joint Stock Company has increased its transport fees by 12%. Many companies at Gia Lam Station have raised their fees by 10%-15%, including Hai Au Bus,” Trung added.
Similar price increases have been imposed by Hanoi South Passenger Transport Enterprise which operates coaches to Nam Dinh and Thai Binh provinces from Giap Bat Station in Hanoi.
However, Trung said, “We will suspend transport services of companies who charge higher prices without our permission to enforce the Government’s transport regulations, which are meant to curb inflation and ensure economic stability.”
Transportation firms are required to submit certified registration papers for any fee increases for approval. Those who want to increase prices must justify their proposals.
The petroleum price hike on February 24 has hurt transportation service providers, several of whom have increased fees without prior approval.
Meanwhile, the Vietnam Railway Corporation is also awaiting approval from the Ministry of Finance to increase their prices by 5% starting April 1.
