Flights from 500 kilometers to under 850 kilometers would be capped at $62.05, while flights from 850 kilometers would be sold at $95.48.

The prices do not include value added tax which is 10 percent at state-owned Vietnam Airlines and the low-cost Jetstar Pacific Airlines, up from the 5 percent last year, and other fees.

This meant an economy class ticket for a flight from Hanoi to Ho Chi Minh City, currently the most active route, would cost $106.56 at most, according to the newswire.

Vietnam Airlines spokesman Le Hoang Dung said the carrier would release a specific price list soon in accordance with the new caps, adding they would offer many discount tickets depending on routes and seasons.

Jetstar Pacific Airlines also committed to a variety of tickets with different prices, VnExpress reported.

According to the news source, just around 10 percent of the low-cost carrier's tickets were currently sold at regulated caps, while others could be sold at $0.78 at the cheapest.

(Source: Thanhnien)