Major taxi firms in Ho Chi Minh City including the biggest two Mai Linh and Vinasun have announced lower fares after the city threatened to fine any transport companies deliberately ignoring recent fuel price drops.
A source from the city’s finance department said eight companies are scheduled to cut their rates, though, slightly this week.
Ta Long Hy, chairman of Ho Chi Minh Taxi Association and deputy general director of Vinasun, told Saigon Times Online that the company will cut its fares by VND500 a kilometer “in a couple of days” after recent approval from the city authorities.
A Mai Linh representative has revealed a small cut of VND300 a kilometer from January 12.
The companies’ fares are between VND10,000-17,000 a kilometer.
Vietnam cut pump prices by around 12 percent last year including five consecutive drops from mid October. It lowered gasoline prices again on January 4.
But transport prices have remained unchanged since October.
Dang Viet Dung, managing director of the cab hailing service Uber in Vietnam, said, also told Nguoi Lao Dong that it will cut prices soon.
“Uber has been considered the cheapest taxi service in Vietnam. But we still want to cut prices further to be more competitive,” Dung said.