The Ministry of Transport (MoT) has decided to increase the ceiling prices on airfares for domestic flights over 500 km by 2.27-6.67 per cent from March, 2024.

Under a new circular from the ministry, the ceiling price on airfares for flights between 500 and 850 km will rise VND50,000 ($2.08) to VND2.25 million ($93) per one-way ticket.

For flights between 850 and 1,000 km, the maximum price will increase by VND100,000 ($4.16) to VND2.89 million ($120).

The ceiling price on flights between 1,000 km and 1,280 km and over 1,280 km will increase to VND3.4 million ($142 million) and VND4 million ($166 million), respectively.

The MoT said the adjustments are made based on an assessment of costs, market situation, and other related factors.