For more luxury models, prices are expected to rise to VND2 million ($89.72) a day instead of VND1 million ($44.86) per day, a 100 per cent rise.— Photo vietnamnet.vn

HCM CITY (Biz Hub) — The cost of automobile rentals has risen as much as 20-100 per cent as Tet (Lunar New Year) approaches, according to rental car agencies.

Cars such as Innova, Vios, Laceti, and Matiz, among others, for example, cost between VND800,000 (US$35.88) and VND1 million ($44.86) per day, compared with VND650,000 ($30) on ordinary days. This is about 20 per cent higher than usual.

For more luxury models, prices are expected to rise to VND2 million ($89.72) a day instead of VND1 million ($44.86) per day, a 100 per cent rise.

Most visitors rent cars to travel to tourist destinations like Vung Tau in the southern province of Ba Ria-Vung Tau, Nha Trang in the central province of Khanh Hoa Province, and Da Lat in the Central Highlands province of Lam Dong, according to Hong Ngoc Quang, director of a travel transport cooperative in HCM City's District 10.

Tet, which falls on February 8, is Viet Nam's biggest traditional celebrations honouring family reunions and recreation.

During the holiday, some Vietnamese people travel while others visit pagodas or return to their hometowns for family reunions and holiday celebrations. — VNS