News · CafeF

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.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Phó Thủ tướng ra chỉ đạo mới cho EVN khẩn trương làm ngay một việc trước 1/11/2026

Read the original on CafeF ↗

Keywords

fuel priceselectricitytaxesVietnam

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

Related tickers and likely impact

NT2

• Neutral

Nhon Trach 2 Power

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorUtilities
IndustryElectricity
Market cap6,952 bn VND
P/E4.8
P/B1.28
Close on 10/27/202624.15
Change that session0.00%
NT2 price, forecasts and signals →

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

Related news

  • 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·▼ NT2electricityfuel pricestaxes
  • 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·▼ PLXfuel priceselectricityinflation
  • 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·▼ PLXfuel pricesinflationVietnam
  • 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·• 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·data centerselectricitymidterm elections
  • Fuel prices dominate midterm elections , but spiking utility bills may be the difference maker

    Record fuel prices tied to the Iran war and global refinery outages dominate the run-up to the November midterms, but soaring utility bills and the data center boom could also tip the balance of power in many states and in Congress. PowerLines’ Charles Hua said electricity bills are now a major source of frustration for consumers, unlike gasoline costs, which have traditionally mattered mainly at the pump. US electricity prices have risen roughly 40% on average over the past five years, and utilities have requested $23.1 billion in rate increases through the first three quarters of 2026, on track to match the nearly $31 billion record set in 2025. Investor-owned utilities have raised capital expenditure plans by more than 27% to at least $1.4 trillion through 2030, much of it for new generation partly to power AI data centers. On the fuel side, heating oil rose 74% year on year in September, while regular gasoline averaged $4.33 a gallon, up 42%.

    fortune.com·fuel priceselectricitydata centers

Related markets

Vietnam stocks →

Latest news

  • EU Gas Prices Hit 4-Year High

    European wholesale gas prices topped 97 euros per megawatt-hour on October 26, the highest since December 2022, as EU gas storage was only 74.62% full on October 25. LNG flows through the Strait of Hormuz remain about 80% below pre-conflict levels following the US-Israeli war on Iran. Trading Economics forecasts 98.20 euros/MWh by the end of Q4 2026, while in the UK one-month gas futures rose 4%, and Brent is around 115 USD a barrel. EDF expects UK household energy bills to rise 27% in January 2027, lifting the average annual bill to nearly 2,200 pounds (2,940 USD). Berlin plans to ask households and businesses to contribute over 3 billion euros across 10 years to an emergency gas reserve, while the EU's Russian gas share fell from about 45% in 2021 to about 12% in 2025.

    CafeF·▼ EUR/USDnatural gasEuropeoil prices
  • Can Anthropic prove it can rival Big Tech? Its balance sheet says yes.

    Host Ejaaz Ahamadeen of In the Loop says Anthropic's (ANTH.PVT) S-1 filing shows about $132 billion in cash, far from the near-zero balance rumored in recent months despite heavy compute spending. Around $19 billion of that is reportedly in investment-grade contracts, giving the company funds for large capital expenditure commitments. He compares that cash pile with those of Apple and of Google and Meta before they spent heavily on GPUs, saying Anthropic now plays in the same league. He notes that Anthropic lacks the revenue diversification of Google or Meta, making it a more precarious bet as an IPO candidate because it relies solely on AI.

    Yahoo Finance·• AMZN• GOOGLAnthropicartificial intelligenceIPO
  • Anthropic's 'tension' between profitability & 'public good': IPO expert

    Jim Neesen, managing partner of The Connor Group, tells Yahoo Finance's Brian Sozzi that Anthropic's (ANTH.PVT) IPO filing is unusual because it is a public benefit company. Seven founders hold 50.1% of the company, and a board approved by a trust fund will oversee it, with social benefit built into its mission alongside profit. He sees a group of founders making joint decisions as potentially positive, but says the structure will be tested at this scale and growth rate. He describes a tension between profitability, public good and the quarterly pressure from investors, and notes Anthropic has not yet published its total addressable market (TAM), though he expects it to be north of 10 trillion or 20 trillion, citing SpaceX's claim that AI is over 29 trillion.

    Yahoo Finance·AnthropicIPOartificial intelligence
  • Our Model and Wall Street Agree on Amazon's Target. Now the Quarter Has to Deliver.

    The 24/7 Wall St. model sets a $329.70 price target for Amazon, 31.68% above the $250.38 close, with a buy rating at 70% confidence, within 0.61% of the Wall Street consensus target of $331.72. Q3 results are due October 29 after the close, with guidance for $197–202 billion in sales and $22.5–26.5 billion in operating income, versus $17.4 billion a year earlier. Q2 revenue rose 19.6% to $200.61 billion and AWS grew 37% to $42.23 billion, yet shares sit about 12.8% below their 52-week high of $287.20. The bear case of $283.71 points to about $220 billion of 2026 capex, trailing free cash flow of -$7.6 billion and long-term debt of $119.1 billion, while the $378.96 bull case rests on an AWS backlog of $496 billion. The article says the thesis depends on Q3 operating income and AWS growth staying near the Q2 pace.

    Yahoo Finance·• AMZNAMZNearningscloud computing
  • BC-Most Active Stocks

    The article lists the most active stocks on the Nasdaq Composite, NYSE and NYSE American, published by AP on October 27, 2026 (GMT+7). On Nasdaq, Solowin Holdings led with 270,698,916 shares traded, followed by 22nd Century Group (195,124,628) and Nexera Technologies (135,322,623). Large technology names also appeared, including NVIDIA (19,429,424 shares) and Tesla (13,463,944 shares).

    Yahoo Finance·NasdaqNYSENvidia
  • The real source of tech market volatility is cash flow, not credit default swaps

    Yahoo Finance Executive Editor Brian Sozzi argues that the main driver of volatility in tech stocks is collapsing free cash flow at hyperscalers, not credit default swaps, since that cash will be used to repay the debt they take on to fund AI infrastructure. Citing Evercore ISI's Julian Emanuel, he notes the hyperscaler group of Meta, Amazon, Google, Microsoft, Oracle and SpaceX is expected to have free cash flow near negative $200 billion over the next year. Meta posted negative free cash flow in its third quarter for the first time since 2012, while SpaceX burned about $9.9 billion, and neither company signaled a slowdown in spending. Similar commentary is expected from Google, Amazon and Microsoft when they report this week, which supports Emanuel's view of more quarters of negative free cash flow.

    Yahoo Finance·▼ QQQ• SPYtech stocksAI investmentfree cash flow

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.