Transport costs respond slowly to drop in oil price

by VTV416 January 2016 Last updated at 10:25 AM

VTV.vn - Despite recent drops in oil prices and requests from the Ministry of Finance, transport fees are still decreasing slowly.

According to the Hồ Chí Minh City Department of Finance, as of January 1st, only 26 of 49 transport units in the city have publicized their decrease in fees.

According to the Hanoi Department of Finance, only 7 of 200 transport companies in Hanoi reduced their fees one week after the oil price dropped. The Hanoi Transport Association says that the price of fuel only accounts for 20 - 30 percent of transport fees.

Since January 1st, other expenses have increased, making it hard for companies to reduce their fees, the association added. Complex administrative procedures also create difficulties in fee adjustments.

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2024-05-04 04:54 UTC

WEATHER FORECAST