Deputy Prime Minister Nguyễn Văn Thắng said the Government has directed Vietnam Electricity (EVN) to cut costs in order to reduce retail electricity prices by about 2% until 31 March 2027. From November to year-end, about 4,000 billion VND is planned for cutting the special consumption tax on petrol from 7% to 0%, on top of about 64,000 billion VND in fuel tax and fee reductions since the start of the year. GDP grew about 9.01% in the first nine months despite oil prices above USD 110 per barrel and additional US tariffs; reaching the 10% annual target requires 12.5% growth in Q4. Average CPI rose 4.52% in the first nine months, and the petrol tax cut and electricity price reduction are expected to create about 0.07 percentage points of room to keep inflation within the National Assembly's 4.5% target. As of 29 October, public investment disbursement exceeded 720,000 billion VND, above 75% of plan; full disbursement is expected to add about 2.5 percentage points to Q4 growth.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Tin vui về giá điện, thuế xăng dầu
Keywords
fuel pricesinflationGDP growthtaxespublic spendingelectricity
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Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: 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.
Related news
- 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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