HCMC – The Hanoi City Department of Transport has put forth a proposal to increase bus fares, and the hike is expected to take effect from January 1, 2024, according to the VnExpress news site.
As per the proposal, the single ticket price for trips shorter than 15 kilometers would rise from VND7,000 to VND8,000.
For distances between 15 and 25 kilometers, the fare would increase from VND7,000 to VND10,000. Longer trips covering 30 to 40 kilometers would see ticket prices soaring from VND9,000 to VND15,000.
The steepest spike, from VND9,000 to VND20,000, would apply to trips over 40 kilometers. Monthly ticket fares will also rise by a staggering 40%.
The Hanoi Department of Transport reasoned that bus fares have remained unchanged since 2014 and are currently relatively low. If the proposal is approved, annual bus ticket sales would grow by about VND300 billion.
