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

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.

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.

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.

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.

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.

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.

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