EVN says a 2% average electricity price cut combined with a new tariff structure will reduce its revenue by nearly VND 1,600 billion per month, with production customers seeing the largest cut at VND 578.1 billion. Tourist accommodation will save VND 342.6 billion and EV charging VND 53.3 billion, while household customers are expected to see about VND 424.1 billion in monthly reductions. The household tier structure drops from six steps to five; EVN estimates about 98.23% of households using up to 900 kWh per month will pay less, while about 1.77% using more than 900 kWh will pay more. From Monday to Saturday, peak hours shift to 17h30-22h30 and off-peak hours to 0h-6h, so operating schedules and shift planning will directly affect costs for businesses.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá điện giảm 2%, EVN dự kiến giảm thu gần 1.600 tỷ đồng mỗi tháng
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NT2
▼ Likely negativeNhon Trach 2 Power
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Utilities |
| Industry | Electricity |
| Market cap | 6,276 bn VND |
| P/E | 4.3 |
| P/B | 1.22 |
| Close on 11/03/2026 | 21.80 |
| Change that session | -0.91% |
REE
• NeutralREE Corp
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Utilities |
| Industry | Multiutilities |
| Market cap | 27,959 bn VND |
| P/E | 10.2 |
| P/B | 1.24 |
| Close on 11/03/2026 | 44.85 |
| Change that session | -0.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Electricity paradox: revenue up, yet some firms still post losses
Dù nhu cầu điện tăng mạnh, kết quả kinh doanh quý III cho thấy lợi nhuận phân hóa rõ rệt giữa các doanh nghiệp điện. Theo EVN, sản lượng điện sản xuất và nhập khẩu trong 10 tháng đạt hơn 297 billion kWh, tăng gần 10%. PV Power (POW) có doanh thu thuần quý III gần VND 16.770 billion, gấp hơn hai lần cùng kỳ, và lợi nhuận sau thuế hơn VND 2.070 billion, tăng gần 119%, chủ yếu vì doanh thu tăng nhanh hơn giá vốn. Công ty CP Nhiệt điện Hải Phòng (HND) chuyển từ lỗ VND 15 billion cùng kỳ sang lãi khoảng VND 35 billion, dù thuế suất thuế thu nhập doanh nghiệp tăng từ 10% lên 20% gây áp lực lên lợi nhuận. Ngược lại, Tổng công ty Điện lực TKV (DTK) lỗ sau thuế hơn VND 162 billion vì giá vốn vượt doanh thu.
- Five-tier electricity pricing: More than 29 million households could see lower power bills
The Ministry of Industry and Trade proposes applying the 5-tier electricity price schedule under Decision 14/2025 immediately, expected to reduce electricity bills for about 94% of users (more than 29 million households) and ease supply pressure during peak hours. Although the decision was issued more than a year ago, the 6-tier schedule still applies; the average retail price stays above 2,204 VND per kWh, so this is not an average price adjustment. Residential customers using 800 kWh or less per month are expected to pay less, while those using 800 kWh or more will pay more; social-policy households using no more than 50 kWh and poor households will receive support equivalent to 30 kWh per month. The peak and off-peak time frames apply only to production and business customers, while capacity gaps between noon and evening peaks could reach 5,000-6,000 MW.
- Deputy Prime Minister: Considering electricity price cut from November 1
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.
- Director of the HCMC Institute of Economics, Natural Resources and Environment: Four major corporations have raised plans to invest in Vietnam, but pulled back when asked about power capacity
At a seminar co-organized by Tien Phong newspaper and the HCMC Department of Construction on October 16, TS. Phạm Viết Thuận said the city should treat infrastructure as an integrated system rather than focusing only on transport. He argued that 11 main and 13 secondary infrastructure categories, including power, water drainage, industrial zones and logistics, need to be synchronized for the city to develop its economy. To address flooding, he proposed surveying 159 flood-prone points and building ecological lakes at major spots. He also noted that four large corporations had considered investing in Vietnam but withdrew when asked about grid power capacity. Department director Trần Quang Lâm said capital mobilization and land policy need further study, while traffic congestion, flooding and pollution remain the city’s top priorities.
- Residential electricity tariff cut to five tiers, highest at VND 3,844 per kWh
From 1 November, the residential electricity tariff is cut from six tiers to five, with prices ranging from VND 1,901 to VND 3,844 per kWh, excluding VAT. The change comes with a 2% reduction in the average retail electricity price, to VND 2,159.90 per kWh, according to EVN. Under the new tariff, households using up to 900 kWh a month, which make up over 98.2% of residential customers, will see their bills fall by up to VND 77,900 a month. Households using more than 900 kWh (1.77%) may see higher bills; for example, a household using 1,000 kWh a month will pay about VND 3.18 million, up VND 37,300 (about 1.2%). EVN estimates the price adjustment will reduce its monthly electricity purchase costs by nearly VND 1,532 billion, as the government asks for cost savings to lower power prices.
- Electricity prices fall 2% from tomorrow
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.
Related markets
Latest news
- Shopify Stock Fell After Its Report. Here's the Price I'd Pay for It.
Shopify shares fell nearly 9% after its third-quarter report, even though revenue rose 32% to about $3.7 billion and free cash flow jumped 61% to $816 million. The author points to slowing gross profit growth, which eased to 28%, and higher marketing spending planned for the fourth quarter as signs that profit growth may ease, though the author does not think these alone explain the drop. Part of the cash flow gain is temporary, and at about 70 times trailing free cash flow the valuation remains high. The stock has moved closer to the price the author would accept, but not yet there; the author would start considering shares around $115, about 55 times trailing free cash flow. Shares recently traded near $144, about 20% below the October 12 record close of $179.22.
- Company Proposing World's Tallest Twin Towers Sees Q3 Profit Evaporate 80%
Thaiholdings reported Q3 2026 net revenue of nearly VND 319 billion, up 31%, but consolidated after-tax profit was only about VND 5 billion, down nearly 80% from the year-earlier period, weighed down by a loss of over VND 15.5 billion from associates and joint ventures. The company said 2026 is its first year of consolidated reporting, so the Q3 2025 comparison uses its standalone financial statements; on a parent-company basis, Q3 after-tax profit was over VND 20 billion, down 14%. For the first nine months, revenue reached nearly VND 891 billion, up about 16%, and after-tax profit was VND 106 billion, with the company having achieved about 92% of its 2026 revenue plan and exceeded its pre-tax profit plan by over 14%. Thaiholdings is also one of three companies that proposed the Hanoi Twin Towers 99 project, comprising two 568-metre towers with 99 above-ground floors and projected investment of USD 3–3.5 billion.
- The 'Best Country in the World': Record 174,000 Jobless, High Inflation, Ultra-Slow Wage Growth, and 75,000 People Leaving in One Year
New Zealand's unemployment rate rose to 5.7% in the third quarter of 2026, its highest since 2015, with 174,000 people unemployed, while employment fell by about 4,000 from the previous quarter. Wage growth slowed to 2% from 2.1%, while inflation was 3.7%, above the central bank's 1–3% target range. The central bank held its official cash rate at 2.75% after two earlier hikes, saying it needs time to assess their impact, though further hikes remain possible. Nearly 75,000 people left New Zealand last year, 58% of them for Australia, where GDP per capita is about USD 64,400 compared with about USD 48,000 in New Zealand.
- What Trump losing power over Congress means for Iran, Ukraine and foreign policy
According to CNBC experts, with Democrats taking control of Congress, President Donald Trump could focus more on foreign policy in his final two years in office, while facing closer scrutiny over the wars in Iran and Ukraine. The Associated Press projects Democrats will win a Senate majority and have also taken control of the House, giving them more scope to scrutinize the administration and challenge Trump's foreign-policy agenda. Laurel Rapp of Chatham House said Democrats could use the 'power of the purse' to limit spending on U.S. military and Iran-related costs, but making such restrictions binding over a presidential veto would require enough votes to override it. J.C. Lintzenich of the German Marshall Fund said the president is not a 'lame duck' since he still holds considerable foreign-policy authority, while Congress is expected to provide more oversight, including on Ukraine funding required by law.
- A decision effective from 1/1/2027 will help Dien May Xanh expand its market share
DMX expects Q4 2026 profit to be no lower than Q3, supported by the year-end shopping season, and targets 2026 profit after tax of VND 10,000 billion (+64% YoY), though it could exceed VND 10,500 billion, with 2027 revenue and profit after tax expected to rise 15% and 20%. Vietcap says the planned ban on imports of used electronic devices from 1/1/2027 is likely to benefit DMX, which mainly sells new, genuine products. Management expects ICT and electrical appliances to grow double digits in 2027 and later years, driven by AI-related upgrades, the end of Windows 10 support and replacement of devices bought in 2020–2022. With a market share of about 50% in each category, DMX sees room for further expansion. The House of Future model (AI, Robotics, Smart Home) is expected to launch in Q4 2026 or Q1 2027 at the latest, with no emphasis on revenue or profit targets in the initial phase.
- Deputy Governor Pham Thanh Ha: SBV Strongly Implementing Measures to Reduce Interest Rate Levels
Deputy Governor Pham Thanh Ha said the SBV will actively manage liquidity and supply capital to the market to support lower interest rates, amid high credit demand and global inflation pressure on rates. The SBV has asked credit institutions to cut deposit rates by 0.5-1% per year for new deposits with terms of 6 months or more and to reduce lending rates by 1.5-2% for production, business and priority sectors. Banks have uniformly cut listed rates by 0.5% per year, actual deposit rates fell about 0.4%, and new loan rates fell 0.2-0.5% compared with early October. More than 20 banks have announced preferential credit programs, and the SBV recently launched a 6-month FX-to-VND swap tool.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.