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.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá điện sinh hoạt theo 5 bậc, cao nhất 3.844 đồng một kWh
Read the original on VnExpress ↗
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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.
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At the socio-economic session on the morning of 31/10, delegate Trịnh Xuân An (Đồng Nai) argued that people care how much they can save after covering living costs, while businesses need resources left after costs and interest to invest in technology. Average employee income rose about 9% in the first 9 months, but with CPI up 4.52%, real income grew only about 4.3%. He proposed making real lending rate cuts a key policy priority and making preferential rates and fees transparent. Delegate Nguyễn Cao Sơn (Phú Thọ) asked for extended debt restructuring and keeping debt groups unchanged until the end of 2027 for businesses hit by market swings, and for consideration of cutting the gasoline special consumption tax to 0%. Deputy PM Nguyễn Văn Thắng asked EVN to prepare a plan to lower average retail electricity prices from 1/11/2026 to 31/3/2027.
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