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.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Phó thủ tướng: Xem xét giảm giá điện từ 1/11
Read the original on VnExpress ↗
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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 | 6,952 bn VND |
| P/E | 4.8 |
| P/B | 1.28 |
| Close on 10/27/2026 | 24.15 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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