electricity prices

Update news electricity prices

The ministry late last week held a press conference announcing the results of the inspection of EVN’s electricity production costs in 2021 and 2022.

EVN proposes electricity price hike to combat losses

The Electricity of Vietnam (EVN) has once again proposed to increase electricity prices to combat enormous losses, which may reach more than VND93 trillion (nearly US$4 billion) in 2022 and 2023.

Inflation threat with rising power costs

Maintaining control over power prices exerts significant pressure on the electrical business, but rising electricity prices may expose the economy to the hazards of inflation.

What does MOIT say about electricity price increases?

The Ministry of Industry and Trade (MOIT) says that when adjusting electricity retail prices, all possible factors must be considered, including inflation prevention, people’s lives, and the government’s macroeconomic management.

Retail electricity prices adjusted amid inflation concerns

Electricity price adjustments are being considered amid input material price increases.

Electricity prices must be reasonable: PM

Prime Minister Pham Minh Chinh recently chaired a conference on domestic consumption and exports in 2023.

Average electricity retail price bracket increases

Compared to the previous bracket, which has been applied since 2017, the floor price increased by VND220 and the ceiling price by VND538 per kWh.

EVN demands flexible mechanism for electricity prices

Vietnam Electricity (EVN), the country's largest power company, has proposed a new price mechanism, one that is better tuned to input price fluctuations, for electricity.

What is an acceptable clean-power price?

Vietnam wants to develop clean energy but the development needs to be reasonable to ensure that retail prices are affordable for most people.

No price hike on power bill until the end of the year: MoIT

There will be no increase in electricity prices from now until the end of the year, the Ministry of Industry and Trade (MoIT) - the country's power regulator - announced yesterday during the ministry's monthly press conference.


Single power price to be applied when there’s a competitive retail market

The Minister of Industry of Trade Tran Tuan Anh has decided to withdraw the suggested plan to allow consumers to choose to pay electricity bills with either a multi-level or single-level price mechanism.

Electricity officials suspended for abnormally high electricity bill

Two electricity officials in the central province of Quang Binh have been suspended following a case in which a local family was reported for an abnormally high electricity bill.

Trade ministry refutes news about 100% people approving power price hike

The Ministry of Industry and Trade issued a press release last night rejecting news on social media that 100% of local residents were happy with its move to increase electricity prices.

Ministry approves 10 per cent to power bills cut

The Ministry of Industry and Trade (MoIT) has decided to cut power bills for businesses and households by 10 per cent over the next three months to ease their difficulties amid the COVID-19 pandemic.


10 percent cut in electricity prices proposed to help ease COVID-19 impact

The Ministry of Industry and Trade has sent a report to the Prime Minister, proposing a reduction in the prices of electricity for three months to help ease difficulties facing production and business in the context of the ravaging COVID-19 epidemic.

Expert asks for frequent adjustment of electricity prices

Electricity prices should be adjusted more frequently to better promote market competitiveness, said Tran Dinh Long, Vice President of the Vietnam Electricity Association.


Electricity prices to rise 7.5 percent from mid-March

 Electricity prices will be increased by 7.5 percent to an average of 1,622.05 VND per kWh from March 16, as approved by Prime Minister Nguyen Tan Dung at a Government meeting in Hanoi on March 5.

Ministry sets long-term electricity prices, hydropower investors in an uproar

 VietNamNet Bridge – Investors of small-sized hydropower plants are up in arms after learning about the Ministry of Industry and Trade’s proposal to keep wholesale electricity prices unchanged for 20 years.

Developing renewable energy

VietNamNet Bridge – Vietnam’s ever increasing energy demands mean developing renewable energy is an important priority in its national climate change strategy and efforts to minimize greenhouse gas emissions. 

VN steady amidst global turmoil

 VietNamNet Bridge – Viet Nam has remained relatively robust amidst the turmoil in international financial markets, HSBC has said in a regular monthly report.