Deputy PM: Electricity Prices Expected to Fall 2%, Gasoline Special Consumption Tax Cut to 0%

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• Deputy PM: Retail Electricity Prices to Fall 2%

  Deputy Prime Minister Nguyễn Văn Thắng said the Government is directing EVN to cut costs as much as possible to reduce retail electricity prices by about 2% until 31 March 2027, as part of efforts to keep inflation moving toward the 4.5% target. Together with cutting the special consumption tax on gasoline to 0%, this would give room of 0.07% for inflation control within the National Assembly's target. The average retail electricity price is currently over 2,204 VND/kWh, excluding VAT. For growth, the fourth quarter needs to reach 12.5% to meet the double-digit annual target, and public investment disbursement had reached over 720,000 billion VND, more than 75% of plan, by 29 October, which is expected to contribute about 2.5% to Q4 growth and 1.7% to full-year 2026 growth.

  VnExpress·31/10, 06:23▼ NT2▼ POW• VNINDEXinflationelectricityGDP growth
• Bắc Ninh must seize every opportunity to reach its Q4 growth target of 14.37%

  Deputy Prime Minister Nguyễn Văn Thắng and a government working delegation met Bắc Ninh city to discuss measures to drive double-digit growth. Bắc Ninh's GRDP is estimated to have grown 11.8% in the first nine months of 2026, 0.7% short of the 12.5% annual target, so Q4 growth needs to reach 14.57%. The city is focusing on helping investors with large import-value projects start production and on resolving obstacles in electricity supply, labour, raw material imports and freight. Ministries pledged support for digital platform connectivity, science and technology budget mechanisms, industrial support enterprises and labour management.

  CafeF·14/10, 08:07GDP growthVietnamelectricity
• Considering electricity price cuts and a special consumption tax cut on gasoline from 01/11/2026

  On 27/10/2026, Deputy Prime Minister Nguyễn Văn Thắng chaired a meeting on gasoline and electricity price management scenarios, attended by the Ministries of Finance and Industry and Trade, the Government Office, and the CEO of EVN. The Deputy PM directed EVN to review and cut costs to propose a reduction in the average retail electricity price, applicable from 01/11/2026 to 31/03/2027, with the Ministry of Industry and Trade to provide its opinion. The Ministry of Finance was tasked with reviewing a proposal to cut the special consumption tax on all gasoline types to 0% over the same period, with a report to the competent authority due before 01/11/2026.

  CafeF·30/10, 01:23▼ NT2▼ POW▼ PPC▼ PLXfuel priceselectricitytaxes
• 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
• Finance Minister: “Can Vietnam grow without FDI? The answer is simple: No way!”

  At the Group 5 session on the draft amended Investment Law on 24/10, Finance Minister Ngô Văn Tuấn said Vietnam cannot reach double-digit growth without FDI. FDI disbursement reached about USD 21 billion in the first nine months of 2026, and the full-year target is at least USD 30 billion. Reaching double-digit growth would require total social investment of about 40% of GDP and an ICOR falling from 6.4 to 4.5–4.8, with 2026–2030 capital needs expected to be 2.67 times those of 2021–2025. He said incentives should shift toward high technology, R&D, and linkages between FDI firms and domestic businesses, as the global minimum tax reduces the effect of traditional tax incentives. As of August 2026, about 47,796 FDI projects were operating, with registered capital of roughly USD 561.6 billion.

  CafeF·28/10, 17:01• VNINDEXVietnamGDP growthtaxes
• How Much Can People Still Save After Covering Living Costs?

  At the socio-economic session on the morning of 31/10, delegate Trịnh Xuân An (Đồng Nai) argued that people care how much they can save after covering living costs, while businesses need resources left after costs and interest to invest in technology. Average employee income rose about 9% in the first 9 months, but with CPI up 4.52%, real income grew only about 4.3%. He proposed making real lending rate cuts a key policy priority and making preferential rates and fees transparent. Delegate Nguyễn Cao Sơn (Phú Thọ) asked for extended debt restructuring and keeping debt groups unchanged until the end of 2027 for businesses hit by market swings, and for consideration of cutting the gasoline special consumption tax to 0%. Deputy PM Nguyễn Văn Thắng asked EVN to prepare a plan to lower average retail electricity prices from 1/11/2026 to 31/3/2027.

  CafeF·31/10, 03:42interest ratesinflationcost of living

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