EVN announced that the average retail electricity price will fall 2% to VND 2,159.90 per kWh (excluding VAT) from November 1, the first cut in nearly 20 years of continuous increases. The average price had risen to over VND 2,204 per kWh by May 2025, and about 18.2% over the past two-plus years. Deputy Prime Minister Nguyen Van Thang said EVN has been directed to cut costs to sustain the roughly 2% reduction through March 2027, which, along with cutting gasoline's special consumption tax to 0%, adds about 0.07 percentage points of room to control inflation toward the 4.5% target. EVN's 2025 cost review found total costs of VND 601,680 billion, about 5.3% below the current average price, but VND 17,506 billion in costs remain unrecorded, mainly due to exchange-rate differences.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá điện giảm 2% từ ngày mai
Read the original on VnExpress ↗
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electricityinflationVietnamEVN
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Related tickers and likely impact
NT2
• NeutralNhon Trach 2 Power
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Utilities |
| Industry | Electricity |
| Market cap | 6,477 bn VND |
| P/E | 4.4 |
| P/B | 1.26 |
| Close on 10/30/2026 | 22.50 |
| Change that session | -1.75% |
POW
• NeutralPV Power
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Utilities |
| Industry | Electricity |
| Market cap | 37,428 bn VND |
| P/E | 6.3 |
| P/B | 0.91 |
| Close on 10/30/2026 | 12.20 |
| Change that session | -1.61% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Electricity Prices Could Fall from November 1
Households and businesses may receive electricity price cuts for 5 months starting November 1. On October 27, Deputy Prime Minister Nguyễn Văn Thắng asked Tập đoàn Điện lực Việt Nam (EVN) to urgently review and cut costs, prepare a plan to lower average retail electricity prices, and review a proposal to set the special consumption tax on gasoline to 0%. According to the Statistics Office (Cục Thống kê), residential electricity accounts for about 4.8% of the CPI basket, so a price cut could help ease inflation pressure and support growth. In the first 8 months of 2026, EVN reported profit of over 12,000 billion VND and had cleared its accumulated losses under consolidated financial statements by the end of June, which provides room to cut prices. The Ministry of Industry and Trade has asked EVN to finalize the plan and will give its opinion, and if the matter exceeds its authority, it will report to the Government.
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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.
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