The state regulates the ceiling price of airline tickets.

Presenting the Report on receiving, explaining and revising the Draft Law on Prices (amended) at the meeting hall on the afternoon of June 19, Chairman of the National Assembly 's Finance and Budget Committee Le Quang Manh said that the majority of opinions of National Assembly deputies agreed with the Government's proposal on prices for domestic air passenger transport services.

According to Mr. Manh, the State will set a maximum price (ceiling price) for domestic air passenger transport services to ensure the interests of the people. The National Assembly Standing Committee recognizes that in the current context, the aviation market is still limited in competitiveness, and efforts must be made to promote the synchronous and modern development of transport modes, especially when the North-South high-speed railway has not been deployed and operated, and the impact and consequences of removing the price ceiling regulations have not been assessed.

Member of the National Assembly Standing Committee, Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh (Photo: Quochoi.vn).

To ensure the autonomy of airlines on the one hand, and protect the interests of the people on the other hand, the State still needs to maintain the ceiling price regulation for domestic air passenger transport services as a tool for State price management to ensure the State's responsibility in stabilizing the market, maintaining healthy competition, and promoting socio- economic development.

Based on reality, carefully studying different opinions, and based on the principle of majority decision, at present, the National Assembly Standing Committee requests the National Assembly to allow the regulation of price ceilings for domestic air passenger transport services.

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Source: https://vtc.vn/chu-nhiem-uy-ban-tai-chinh-ngan-sach-nha-nuoc-quy-dinh-gia-tran-ve-may-bay-ar800641.html