Maintain ceiling price for airfares important: NA deputies
On the sidelines of the 15th National Assembly’s ongoing fifth plenary session, deputies stressed the need to maintain a cap on airfares, as the legislature plans to discuss different opinions of the draft Law on Price (amended) on May 23 afternoon.
Hanoi (VNA) – On the sidelines of the 15th National Assembly’s ongoing fifth plenary session, deputies stressed the need to maintain a cap on airfares, as the legislature plans to discuss different opinions of the draft Law on Price (amended) on May 23 afternoon.
Pham Thi Thanh Mai of Hanoi said that from theperspective of competition, the Law on Competition has provided a clear regulation scope and principles to ensure laws on competition.
As for the perspective of price, in the draft Law on Price(revised), it is necessary to keep the ceiling price for domestic airfares soas to ensure State regulations in the context that Vietnam does not haveideal conditions like other countries in terms of means of transport.
In the future, if other types of transport such as high-speed rail develop further,resulting in a decrease in the pressure on air travel, the removal of the cap could ensure compliance with the market mechanism.
Deputy Tran Van Lam from Bac Giang province (Photo: VNA)
Sharing the same view, Tran Van Lam from Bac Giangprovince said that keeping the regulation on the ceiling price in the draft lawis a tool for the State to regulate prices to meet the statutory criteria ofgoods and services that are priced by it.
In a report on acquisition, explanation and adjustment ofthe draft Law on Price (amended), the National Assembly Standing Committeeassessed that keeping the ceiling price regulation is necessary.
Along with the proposal to remove the bottom price,if there is no regulation on the ceiling price, it means that the State willgive up the regulatory tool and let service providers have full authority todecide the service price.
If airlines were able to set air ticket prices by themselves, it would most certainly lead to high airfares, adversely impacting the interests of consumers, production, business, and society./.
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Deputy Pham Thi Thanh Mai of Hanoi (Photo: VNA) 
Deputy Tran Van Lam from Bac Giang province (Photo: VNA) 
