The Ministry of Transport (MoT) has issued an Official Letter requesting that its departments flexibly and effectively use tools and measures to control freight rates in accordance with the law on prices, to stabilize the market.

Gasoline prices have now fallen by more than 20 per cent compared to a month ago, and businesses and individuals are both looking forward to substantial reductions in freight rates. The Hanoi Department of Transport has said that about 30 per cent of the city’s transport companies have cut their rates, by an average of 5-10 per cent.