Xanh SM applies flexible price declaration for taxi transportation services.

To ensure supply-demand balance, Xanh SM needs to be flexible in declaring prices to stimulate customers to use the service when demand decreases, and increase the number of drivers actively providing services when demand for services increases.

In Vietnam, Green SM is considered a "symbol of green and civilized mobility".

Green and Smart Mobility Joint Stock Company Xanh SM (Xanh SM) has just sent a document to the Ministry of Transport proposing to flexibly apply price declaration for the company's taxi passenger transport service.

According to Mr. Nguyen Van Thanh, General Director of Xanh SM, passenger transport service by taxi is one of the special services where local price declaration is applied flexibly, the necessity of price declaration is assessed by competent state agencies (Ministries, ministerial-level agencies, provincial People's Committees).

Xanh SM's fares for each trip are stored on the system to ensure that state agencies can check at any time.

Therefore, the leaders of Xanh SM propose that the Ministry of Transport allow Xanh SM to not be included in the Price Declaration List issued by the Ministry of Transport; request the policy that Xanh SM not be included in the Price Declaration List issued by the Provincial People's Committee; Xanh SM is allowed to apply flexible prices depending on the agreement with customers.

It is known that in Official Dispatch 1485/BGTVT-VT dated February 24, 2021 on the unification of the implementation of ticket price listing (fare) according to the guidance of Circular No. 02/2021/TT-BGTVT sent to the Departments of Transport of provinces and centrally-run cities, the Ministry of Transport said that passenger transport business activities by taxi can declare prices according to peak and off-peak hours.

According to Xanh SM's market research, as a bridge, Xanh SM's pricing policy needs to be more flexible than just adjusting prices according to fixed prices according to time frames.

Specifically, to ensure supply-demand balance, Xanh SM needs to stimulate customers to use the service when demand decreases, and increase the number of drivers actively providing the service when demand increases; therefore, the price needs to be adjusted according to the number of customers and the number of drivers at a specific location, including cases where the number of customers increases/decreases due to changes in weather conditions.

However, in reality, Xanh SM is limited in the price declared to the Department of Transport, leading to the inability to apply the above fare calculation method.

Meanwhile, Section B of Appendix V - List of goods and services subject to price declaration and receiving authority (issued with Decree No. 85/2024/ND-CP detailing a number of articles of the Law on Prices), stipulates: Passenger transport services by taxi are specific goods and services subject to price declaration at the local level (flexibly applied if necessary). The provincial People's Committee shall base on the requirements, management objectives, and actual situation in the locality to select and receive price declaration.

Xanh SM was founded in 2013 with the goal of building the first pure electric taxi company in Vietnam, providing the community with more options to use electric vehicles at a reasonable cost and flexible ways to book/call a car (wag, call the switchboard or use the App).

The Green SM transportation service model is the first green complex model deployed in the world with the mission "For a green future" and the desire to spread a sustainable Green Lifestyle to the community, contributing to the Government's "Zero Carbon" goal.

Currently, Xanh SM has risen to the second position in the ride-hailing service market in Vietnam, with 18.17% market share in the fourth quarter of 2023, surpassing many long-standing brands. Xanh SM is highly appreciated by customers for the quality of its pure electric fleet, driver quality and dedicated 5-star service, creating a new standard in the market.

Not only creating a solid foothold in Vietnam, Xanh SM has also quickly expanded abroad with the first international market being Laos.

According to the plan, by 2025, Xanh SM will officially be present in 9 countries around the world and gradually transform into a technology company providing the world's leading pure electric ride-hailing service platform.

Source: https://baodautu.vn/xanh-sm-xin-ap-dung-linh-hoat-ke-khai-gia-doi-voi-dich-vu-van-tai-bang-taxi-d223870.html