“Maritime Businesses Prohibited from Price Gouging During Storms and Floods.”

The Vietnam Maritime Administration strictly prohibits any exploitation of emergency situations, typhoons, or floods to hike up service prices unreasonably. Such actions are considered price gouging and are unacceptable, as they take advantage of challenging circumstances to the detriment of those affected.

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To quickly stabilize production and business activities and socio-economic conditions in the areas affected by Storm No. 3 and its aftermath, Mr. Le Do Muoi, Director of the Vietnam Maritime Administration, Ministry of Transport, has just signed Official Dispatch No. 4244 to maritime industry associations, urging strict adherence to the Price Law. and declare and list service prices in accordance with regulations to avoid affecting the production and business activities of enterprises.

Vietnam Maritime Administration strictly prohibits any acts of taking advantage of emergencies, storms, and floods to raise service prices

Accordingly, the Vietnam Maritime Administration requested that enterprises providing services at seaports (port services, pilots, tugboats) and enterprises providing container cargo transportation services by sea seriously implement the regulations on declaration and listing of prices in accordance with current regulations. The Vietnam Maritime Administration strictly prohibits any acts of taking advantage of emergencies, storms, and floods to raise service prices inappropriately compared to the normal condition to take advantage of the situation.

At the same time, it requires the Maritime Port Authorities and the Sub-Departments of the Vietnam Maritime Administration to coordinate with competent authorities to strengthen the supervision of maritime service providers in raising service prices in accordance with legal regulations. Proactively coordinate with competent authorities to handle cases of violations.

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