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.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Phó thủ tướng: Sẽ giảm 2% giá bán lẻ điện
Read the original on VnExpress ↗
Keywords
inflationelectricityGDP growthpublic spendingVietnam
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Related tickers and likely impact
NT2
▼ Likely negativeNhon Trach 2 Power
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Utilities |
| Industry | Electricity |
| Market cap | 6,592 bn VND |
| P/E | 4.5 |
| P/B | 1.28 |
| Close on 10/30/2026 | 22.50 |
| Change that session | -1.75% |
POW
▼ Likely negativePV Power
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Utilities |
| Industry | Electricity |
| Market cap | 38,041 bn VND |
| P/E | 6.4 |
| P/B | 0.92 |
| Close on 10/30/2026 | 12.20 |
| Change that session | -1.61% |
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/30/2026 | 1,741.62 |
| Change that session | -0.80% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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