Vietnam considers electricity price cuts and zero petrol excise tax

Vietnam electricity prices gasoline excise tax EVN energy policy residential electricity tariffs

Vietnam is considering significant reductions in energy and fuel costs to support citizens and businesses. During a meeting led by Deputy Prime Minister Nguyen Van Thang, the government directed Vietnam Electricity (EVN) to maximize cost savings to develop a plan for reducing average retail electricity prices. This reduction is proposed to take effect from November 1, 2026, through March 31, 2027.

Simultaneously, the Ministry of Finance is reviewing the feasibility of reducing the special consumption tax on all types of gasoline to 0% for the same period. These measures aim to ensure social welfare and mitigate the impact of previous price increases on the economy.

Additionally, the Ministry of Industry and Trade is proposing a restructuring of residential electricity tariffs, moving from a six-tier to a five-tier system. Under this new structure, the first tier would be expanded to cover the first 100 kWh. Officials estimate that approximately 94% of residential customers, specifically those consuming 800 kWh or less per month, could see a decrease in their electricity bills under this new framework.

Entities

Ministry of Finance · Ministry of Industry and Trade · Nguyen Van Thang · Vietnam · Vietnam Electricity

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Approximately 94% of residential customers consuming 800 kWh or less per month could see lower electricity costs under the new structure. vtv.vn
[● 2 SOURCES] The proposed electricity price reduction would apply from November 1, 2026, to March 31, 2027. baothanhhoa.vn · cafebiz.vn
[● 2 SOURCES] Deputy Prime Minister Nguyen Van Thang requested a plan to reduce average retail electricity prices. baothanhhoa.vn · cafebiz.vn
[○ 1 SOURCE] The Ministry of Industry and Trade is consulting on a draft to amend the five-tier electricity pricing structure. vtv.vn
[● 2 SOURCES] Authorities are considering reducing the special consumption tax on gasoline to 0%. baothanhhoa.vn · cafebiz.vn
[● 2 SOURCES] The proposed 0% gasoline tax would also apply from November 1, 2026, to March 31, 2027. baothanhhoa.vn · cafebiz.vn
[● 2 SOURCES] EVN is tasked with reviewing and calculating costs to achieve electricity price reductions. baothanhhoa.vn · cafebiz.vn