From November 1, 2026, the average retail electricity price drops 2% and the special consumption tax on petroleum is cut to 0%, which could lower fuel prices by about 1,500–1,700 VND per liter. Nguyen Tien Thoa, chairman of the Vietnam Valuation Association, says both measures will ease costs for businesses, with steel production costs down about 0.12%, cement about 0.3%, and textiles about 0.2%, while helping lower CPI and household spending. CPI in the first nine months of 2026 reached 4.52%, slightly above target, and year-end demand, credit growth, energy prices and the USD exchange rate remain inflation risks. He says keeping CPI within 4.5–5% would be a successful outcome. Ngo Tri Long of the Vietnam Financial Consulting Association agrees, saying the cuts help consumers and businesses and support both growth and inflation control.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giảm giá điện, giảm thuế xăng dầu góp phần kiềm chế áp lực lạm phát cuối năm
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inflationfuel priceselectricitytaxesVietnamVNINDEX
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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.
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