Transport association prompts businesses to cut freight rate

Ho Chi Minh City Cargo Transport Association yesterday sent a document to transport companies, asking them to lower freight rates as petrol prices have reduced the ninth consecutive time.

Fuel cost accounts for 40-50 percent of auto transport fee, said the association.
 
Because fuel prices are regularly changed in Vietnam, transport companies and their customers have reached a verbal agreement to adjust the freight rate when fuel prices increase or reduce from 5 to 10 percent.
 
Diesel price has fallen by 15.7 percent recently. Therefore the association recommended their members to recalculate and reduce the freight rate.

By Dinh Ly – Translated by Hai Mien

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