Vietnam Cuts Retail Electricity Price, Removes Gasoline Tax From November 1
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Channel News Asia
PressNewsAgencyVietnam cuts retail electricity price, removes gasoline tax from November 1
HANOI, Oct 31 : Vietnam will cut its average retail electricity price by 2 per cent and remove its special consumption tax on gasoline from November 1 to support economic stability and reduce costs for households and businesses, the government said on Saturday.• The average retail tariff will fall to 2,159
Hanoi, Nov 1 (Latin Press) As part of the government's efforts to reduce inflationary pressures at the last stage of the year, reductions in gasoline and electricity tariffs have been in place in Vietnam since today. The post Reduces gasoline and electricity prices in Vietnam first appeared on News Prensa Latina.
In Viet Nam, the average retail rate for electricity was reduced by 2% as of 1 November and the special tax on petrol consumption was suspended.
Vietnam is lowering electricity tariffs by an average of 2 percent starting November 1, 2026. This is the first reduction in nearly 20 years outside of special pandemic discounts.
The government is directing EVN to minimize costs, aiming to reduce retail electricity prices by approximately 2%, and also plans to reduce the special consumption tax on gasoline to 0%.
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