Explainer: Why Việt Nam is cutting electricity prices and how the new five-tier tariff affects bills

Monday, Nov 02, 2026

Việt Nam has cut its average retail electricity price by 2 per cent from November 1, 2026, while replacing its six-tier household electricity tariff with a five-tier structure, in a move aimed at easing production costs and simplifying electricity billing.

Average retail electricity price cut by 2 per cent from November 1

Saturday, Oct 31, 2026

Việt Nam will cut its average retail electricity price by 2 per cent to VNĐ2,159.90 per kWh (excluding value added tax) from November 1, in a move aimed at easing energy costs for households and businesses and supporting economic growth,...

EVN directed to cut electricity prices from next month

Wednesday, Oct 28, 2026

The reduction is aimed to comply with legal regulations concerning the mechanisms and timelines for adjusting average retail electricity prices, with the goal of supporting citizens and businesses and ensuring social welfare.

2026 price cap set for gas-fired power generation at 13 cents/kWh

Tuesday, Jul 28, 2026

The ministry has instructed Vietnam Electricity (EVN) and power producers to use the approved price framework when negotiating and signing power purchase agreements (PPAs).

Ministry proposes two-part electricity tariff to be piloted from 2026

Friday, Sep 12, 2025

A two-part electricity tariff is a billing system where the total charge to a consumer is split into two distinct components, including a fixed fee for registered capacity and a variable charge based on the actual amount of energy consumed. 

Competitiveness, transparency critical for sustainable electricity development

Thursday, Sep 11, 2025

Electricity pricing mechanism must properly reflect changes in input costs and be able to cover reasonable expenses as well as a fair margins to attract investment.

Power play over EVN losses

Sunday, Sep 07, 2025

The draft has been sent to the Ministry of Justice for review and is expected to be submitted for approval this month.

Increase in electricity prices concerns manufacturer

Monday, Oct 14, 2024

The average electricity retail price has been increased by 4.8 per cent to VNĐ2,103.11 (US$0.085) per kWh, triggering concerns about its impact on residential and business lives.

MoIT strengthens fight against counterfeit goods in e-commerce

Wednesday, Aug 21, 2024

Counterfeit and smuggled goods of unknown origin are still being sold widely with increasingly sophisticated tricks, mainly in cyberspace.

Adjusting prices will depend on assessment of macroeconomic impacts: MoIT

Monday, Apr 01, 2024

The Government allows the adjustment of the average retail electricity prices every three months. But that does not mean regular changes will happen.

Electricity price can soon be adjusted every three months

Friday, Mar 29, 2024

The minimum waiting period between price adjustment periods was six months previously. 

Electricity prices expected to surge in 2024: MoIT

Monday, Feb 05, 2024

The suggested price adjustment aims to provide EVN with a sustainable revenue stream for its power plants'' operation and more accurately reflect the group''s input costs.

Electricity prices highly unlikely to decrease

Wednesday, Jan 03, 2024

Minor decreases in fuel prices do not have an effect significant enough to bring electricity prices down.

Electricity prices must be market-based to promote investment in energy sector: experts

Monday, Nov 06, 2023

The Government’s subsidy for electricity is no longer appropriate given that the country is anticipated to continue facing a power shortage for socio-economic development.

VN suggests second revision of retail electricity prices, three months after first

Wednesday, Aug 02, 2023

Any increases in electricity prices must be studied carefully, especially in the context that firms are striving to recover production and business.