Transport costs likely to increase by 15 percent
Passenger transport companies plan to
raise fares by 15 percent this year over this time last year due to
rising fuel, wage and tax costs.
Passenger transport companies plan to
raise fares by 15 percent this year over this time last year due to
rising fuel, wage and tax costs.
The planned fare increase was because of a recent petrol and oil price hike, and an increase in value added tax and minimum wages, chairman of the Vietnam Automobile Transportation Association Nguyen Manh Hung said.
The increase would be only 5-6 percent for companies who had already raised charges by 10 percent since mid-2009, Hung said.
Petrol prices have increased by 44 percent against the second quarter of last year and oil prices have increased by 48 percent.
Value-added taxes on passenger transport services have also increased from 5 percent last year to 10 percent, and minimum salaries in all sectors have increased by 10 to 15 percent since the beginning of this year.
To compete in a market where supply surpasses demand, passenger transport companies are considering the timing and how much to raise their charges, Nguyen Hong Minh, general secretary of the Hanoi Taxi Association said./.
The planned fare increase was because of a recent petrol and oil price hike, and an increase in value added tax and minimum wages, chairman of the Vietnam Automobile Transportation Association Nguyen Manh Hung said.
The increase would be only 5-6 percent for companies who had already raised charges by 10 percent since mid-2009, Hung said.
Petrol prices have increased by 44 percent against the second quarter of last year and oil prices have increased by 48 percent.
Value-added taxes on passenger transport services have also increased from 5 percent last year to 10 percent, and minimum salaries in all sectors have increased by 10 to 15 percent since the beginning of this year.
To compete in a market where supply surpasses demand, passenger transport companies are considering the timing and how much to raise their charges, Nguyen Hong Minh, general secretary of the Hanoi Taxi Association said./.
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