26.2 C
Ho Chi Minh City
Wednesday, April 15, 2026

Fee cuts proposed for aviation, shipping sectors amid fuel cost surge

The Saigon Times

Must read

HCMC – The Ministry of Finance has proposed a fee exemption for the aviation and maritime sectors from April 1 to the end of 2026 to alleviate the financial burden on transport firms amidst the fuel price surge.

According to the draft circular, the move is expected to reduce state budget revenue by around VND3,553 billion, with VND3,335 billion allocated to maritime support and VND218 billion to aviation.

Specifically, the proposed policy for the aviation sector covers fees for aircraft registration, appraisal of sale and purchase documents and certification for flight crews and ground staff. However, service fees directly affecting passenger ticket prices, such as security screening and check-in procedures, are excluded.

In the maritime sector, exemptions will apply to maritime safety, anchorage and port entry/exit fees. These measures aim to lower direct operating costs, curb rising freight rates, and ensure the continuity of both domestic and international supply chains.

The ministry emphasized that aviation and maritime are the vital arteries of international trade. Any disruption or sudden price surge in these sectors could trigger a domino effect, increasing the costs of imported goods and raw materials for domestic production.

Beyond supporting businesses, the policy is designed to curb inflation and stabilize market prices. This proposal follows a recent government decision to slash environmental protection taxes and excise duties on fuel to zero, further demonstrating Vietnam’s commitment to stabilizing the economy during this turbulent period.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles