Considering electricity price cuts and a special consumption tax cut on gasoline from 01/11/2026

Keywords

fuel priceselectricitytaxesVietnamVNINDEX

Open a keyword to see other news on the same topic.

Related tickers and likely impact

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

• Deputy PM gives EVN a new directive to urgently complete one task before 1/11/2026

  Deputy Prime Minister Nguyễn Văn Thắng chaired a meeting on petrol and electricity price management scenarios and asked EVN to urgently review its costs and maximise savings to prepare a plan for a lower average retail electricity price from 01/11/2026 to 31/3/2027. The Ministry of Industry and Trade will assess EVN's proposal and escalate matters beyond its authority. The Ministry of Finance, working with the Ministries of Industry and Trade and Justice, is tasked with reviewing the legal basis, authority and feasibility of cutting the special consumption tax on all types of petrol to 0% over the same period, with a report due before 1/11/2026.

  CafeF·27/10, 13:51• NT2fuel priceselectricitytaxes
• Deputy Prime Minister: Considering electricity price cut from November 1

  Deputy Prime Minister Nguyễn Văn Thắng asked for a review of cutting the special consumption tax on gasoline to 0% and reducing the average retail electricity price for five months, from November 1, 2026 to March 31, 2027. EVN was told to cut costs to the maximum extent to build a price-reduction plan and report to the Ministry of Industry and Trade, while the Ministry of Finance must review the gasoline tax plan and report before November 1. The average retail electricity price is currently over 2,204 VND/kWh excluding VAT, applied since May 10, 2025. EVN's 2025 total production and business cost was over 601,680 billion VND, or about 2,092 VND/kWh, roughly 5.3% below the current average retail price. EVN also said over 17,506 billion VND in costs had not been booked into production costs as of the end of 2025, mainly due to exchange rate differences.

  VnExpress·27/10, 13:43▼ NT2NT2electricityfuel prices
• Prime Minister: Cutting Intermediary Stages in Fuel, Electricity and Healthcare Distribution

  Prime Minister Lê Minh Hưng said the government will cut intermediary stages in fuel distribution, electricity and healthcare to lower input costs for the economy. The draft new fuel-business decree would reduce the main trader types to 4 and tighten conditions for wholesale traders, with their number expected to fall to 14-15. In healthcare, the government will amend the Law on Medical Examination and Treatment and the Pharmacy Law to remove intermediaries, as medical equipment and drugs have been marked up through overseas intermediary transactions. According to the government's report, inflation was held at 4.52% after 9 months, but world oil prices rising 65% to nearly 90% could push domestic fuel prices up 60-80% without tax adjustments.

  VnExpress·18/10, 11:35▼ PLXfuel pricesinflationVietnam
• Prime Minister: Cutting intermediary layers in fuel and electricity distribution

  Prime Minister Lê Minh Hưng said the government will amend the fuel business decree and restructure the electricity sector to cut intermediary layers and lower input costs for the economy. The draft fuel decree would reduce trader categories to four, and the number of wholesalers is expected to fall to 14-15 under stricter rules, such as owning at least 40 retail stores and storage capacity of at least 15,000 m3. The PM said nine-month inflation was held at 4.52%, but world fuel prices rose 65% to nearly 90%, and without tax adjustments domestic fuel prices could rise 60-80%. Vietnam's fuel prices are low compared with regional peers, and the budget faces a major revenue shortfall, though the government still implements these measures to share the burden with the economy and consumers. The EVN restructuring plan is being submitted to the government, and land and property prices may fall once the amended Land Law is passed.

  VnExpress·18/10, 11:35▼ PLXfuel priceselectricityinflation
• Personal income tax revenue expected to fall by nearly VND 34,000 billion this year

  Personal income tax revenue this year is estimated at VND 203,200 billion, down VND 33,800 billion (14.3%) from the estimate and 13.6% from last year. The Ministry of Finance attributes this to a higher family deduction, the cut in progressive tax brackets from 7 to 5 under the amended law effective January 1, 2026, and the shift from monthly to quarterly filing. Environmental protection tax is also expected to fall short by about VND 26,200 billion, nearly 60% of the estimate, mainly because gasoline, diesel and jet fuel taxes were cut to zero from late March to stabilize domestic fuel prices. Total budget revenue is still estimated at nearly 3.06 million billion VND, about 21% above target, helped by land-use fees of about VND 640,300 billion. The government projects 2027 budget revenue of about 3.33 million billion VND, up more than 9%, a plan still under review by the National Assembly.

  VnExpress·23/10, 11:41• VNINDEXbudgettaxesVietnam
• Data center anxiety plays out in Senate campaign debates

  Ahead of the midterm elections, Democratic Senate candidates are repeatedly pressing opponents on AI data center policy, using it as a proxy for voter concerns about the economy and local impacts. In Ohio, Sherrod Brown calls Republican Sen. Jon Husted "the face of data centers" and accuses him of giving away two and a half billion dollars in tax breaks to tech firms, while James Talarico accuses Ken Paxton of "selling off Texas" to data center companies. A Pew survey conducted in July and August found 50 percent of U.S. adults think data centers are "mostly bad" for home energy costs, up from 38 percent in January. Dan Cassino of Fairleigh Dickinson University argues voters blame data centers for higher electricity bills, making it a vulnerability for Republicans.

  rollcall.com·19/10, 12:30data centerselectricitymidterm elections

Related markets

Vietnam stocks →

Latest news

• Tightening Resale of Social Housing After 5 Years: What Happens to Buyers' Rights?

  The draft amended Housing Law proposes allowing social housing (NƠXH) to be resold only after 5 years and only to eligible buyers, instead of being transferred under the current market mechanism. Many opinions say a clear transitional mechanism is needed to protect those who bought under the old rules. A resident of the Đại Kim social housing project in Hà Nội said current listings are around 60-65 million VND/m², 4-5 times the original price of over 14 million VND/m², and worried that narrowing buyer eligibility and capping prices would hurt existing owners' rights. Lawyer Hoàng Hà (Ho Chi Minh City Bar Association) said the policy must clarify who can buy resold units, set transparent and objective pricing rules, and adopt transitional provisions based on when the buyer's rights were established. He argued that buyers who signed valid contracts before the new law takes effect should keep resale rights under the old rules, even if they have not held the home for 5 years or do not yet wish to sell.

  CafeF·30/10, 02:24housingreal estateregulation
• VPBankS Plans to Offer VND 6,000 Billion in Bonds

  VPBankS (ticker VPX, HoSE) has approved a public offering of 60 million bonds, code VPXPO2627001, with a maximum value of VND 6,000 billion. The bonds are non-convertible, carry no warrants and no collateral, and all proceeds will supplement margin lending. The bonds have a 12-month term and a fixed 9.5% annual coupon paid every six months, with the offering expected from Q4/2026 to Q1/2027. Individual investors can buy at least 10 bonds (VND 1 million), and institutional investors at least 50,000 bonds (VND 5 billion). Separately, the company is collecting written shareholder opinions until 16:00 on 02/11/2026 on a plan to issue 843.75 million bonus shares at a 100:45 ratio, which would raise charter capital from VND 18,750 billion to VND 27,187.5 billion if completed.

  CafeF·30/10, 02:22• VPBbondsbrokeragesmargin lending
• What SPS Commerce (SPSC) Said on Its Q3 Earnings Call

  SPS Commerce (SPSC) reported third-quarter revenue of $197.6 million, up 4%, while adjusted EBITDA rose 17% to $70.9 million, a 36% margin above its long-term target. Amazon policy changes and the June 30 divestiture of the Revenue Recovery business reduced reported revenue growth by 500 basis points, prompting management to lower its outlook, though underlying growth remains in the high-single-digit range. The company highlighted rising adoption of its AI-powered MAX tools and expects advanced agent capabilities to become monetizable in 2027. It also repurchased $48.8 million of shares during the quarter.

  Yahoo Finance·30/10, 02:14earningssoftwareshare buybacks
• Grab Holdings And 2 Top Penny Stocks To Watch

  The article notes that AI hardware spending is absorbing cash at large firms such as Amazon and Intel, while smaller companies face tougher funding as borrowing costs stay high, and profiles three low-priced stocks. Grab Holdings (market cap US$11.24 billion) runs a Southeast Asian superapp with deliveries revenue of about US$1.99 billion, mobility revenue of US$1.31 billion and financial services revenue of US$430 million; the article cites an expectation that its financial services unit will break even in the second half of 2026, though its expanding lending carries credit risk. Aurora Innovation (market cap US$10.28 billion) develops the Aurora Driver for autonomous trucks and ride-hail vehicles, and is operating driverless trucks in daily commercial freight with more than 500,000 commercial miles. SoundHound AI (market cap US$2.0 billion, revenue of about US$203 million) provides voice and conversational AI tools to enterprises. The article highlights risks around funding costs, execution and competition for each company.

  Yahoo Finance·30/10, 02:13artificial intelligenceinterest ratestech stocks
• Thanh Duc Holding raises VND1,200 billion from bond market at 12.5% interest rate

  Thành Đức Holding successfully issued 12,000 HTDL12601 bonds, each with a par value of 100 million VND, for a total of 1,200 billion VND on October 26, 2026. The 36-month bond issue is expected to mature on October 26, 2029, with an issue interest rate of 12.5% per year according to HNX. Information about bondholders, collateral, and the purpose of the issuance has not been disclosed. The company was established in November 2014 with charter capital of 6 billion VND; by October 2025, charter capital had reached 1,399 billion VND. Mr. Trần Trung Hiếu is currently the Director. Previously, the company mortgaged movable assets and asset rights of the Hyatt Regency Sapa Hotel Project to BIDV Thành Công (August 2024) and of the Cầu Rào urban area integrated school project (August 2025). The article also links Ms. Đoàn Thị Tơ, a founding shareholder who held 90% of the initial capital, with T&D Group Joint Stock Company, where she serves as Chairwoman of the Board of Directors.

  CafeF·30/10, 02:03▼ VNINDEXbondsinterest ratesreal estate
• Sabeco to pay over VND3,800 billion in dividend advance as Q3 2026 profit declines

  Sabeco plans to pay a 2026 interim cash dividend at a rate of 30% (3,000 VND per share), totaling nearly 3,848 billion VND from undistributed after-tax profit. The final registration date is December 29, 2026, and payment is scheduled for February 2, 2027. Vietnam Beverage Company Limited holds 53.59% of the capital and is expected to receive nearly 2,062 billion VND, while SCIC holds 36% and is set to receive over 1,385 billion VND. In Q3 2026, net revenue exceeded 6,684 billion VND (up 3.8%) and gross profit rose 6.7%, but net profit of nearly 1,272 billion VND fell 9.4%. For the first nine months, net revenue exceeded 20,029 billion VND (up 5.1%), after-tax profit reached nearly 3,761 billion VND (up 8.9%), equal to 69.2% of the annual revenue plan and 76.2% of the annual profit plan. Operating cash flow for the nine months was nearly 4,124 billion VND (up 23.1%). As of September 30, 2026, total assets decreased 8.2% to over 29,922 billion VND, and total liabilities fell 24.6% to over 7,238 billion VND.

  CafeF·30/10, 01:59▼ SABdividendsearningsconsumer goods