Which currency is used for payment of air transport services?

Illustrative image (Source: Internet)

Circular 36/2015/TT-BGTVT providing regulations on the currency of payment for domestic air transportation services and specialized aviation service prices is as follows:

- Domestic air transportation service prices sold within the territory of Vietnam and specialized aviation service prices provided for domestic flights are regulated in Vietnamese Dong (VND).

- Domestic air transportation service prices sold outside the territory of Vietnam are regulated in local currency or freely convertible currency in accordance with the regulations of that country.

- Specialized aviation service prices provided for international flights are regulated in US Dollars (USD). In cases of payment in Vietnamese Dong, conversion is made according to the foreign exchange laws.

Besides that, the Circular also provides regulations on preferential pricing policies to encourage and expand service utilization as follows:

- Preferential pricing policies are developed and issued based on transparency, publicity, and non-discrimination among service users within the same service provision type.- The competent pricing authority defines preferential pricing policies for state-priced services and those provided by state-owned enterprises.- Service providers, whether organizations or individuals, proactively develop and issue their unit's preferential and discount policies.

See details at Circular 36/2015/TT-BGTVT, effective from October 1, 2015

Le Hai

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