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Update news electricity prices
Lower electricity bills are a welcome relief for many households and businesses, but the power sector needs capital to fund infrastructure investments and meet growing demand in the coming years.
Time-of-use (TOU) electricity pricing for peak and off-peak hours encourages residents to shift part of their power consumption to lower-cost time slots.
Vietnam has reduced its average retail electricity price by 2% to VND2,159.9037 (approximately US$0.083) per kWh from November 1, marking the first price cut after more than three years of consecutive increases.
The separation of distribution from retail operations within regional Power Corporations would proceed gradually, aligned with specific development phases of the competitive retail power market, according to the Ministry of Finance.
The Ministry of Industry and Trade's proposal to apply electricity tariffs based on peak and off-peak hours for certain households has sparked widespread debate.