Vietnam to cut average retail electricity tariff by 2% from November 1
The Vietnamese government says the average retail power price will drop 2% from November 1 to support economic stability and lower costs.
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what happened
The Vietnamese government has announced that the average retail electricity price in the country will be reduced by 2% starting November 1. Reuters reported the move based on a statement from the authorities. The new average tariff will be 2,159.9 dong ($0.085) per kilowatt-hour, excluding value-added tax.
According to the government, the decision followed a review of electricity pricing under existing regulations. Officials said the aim is to maintain macroeconomic stability, support social welfare and business activity, and ease costs for households and companies.
why it matters
For markets the news is mainly local. A lower tariff eases the burden on households and firms and may affect costs for Vietnamese producers for whom electricity is a significant expense. The move also shows the authorities using regulated prices as a tool to support the economy.
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sources
- Vietnam to cut retail electricity price by 2% from November 1 — Reuters, 31 October 2026 at 14:37 UTC
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