# Vietnam economic policy and tax adjustments

> Live situation record from CLSTR: https://clstr.news/situations/vietnam-economic-policy-and-tax-adjustments
> Updated: 2026-10-28T00:16:00.000Z. Sources: 18. Developments: 3.

The Vietnamese government is evaluating various fiscal and energy measures to support domestic industry and reduce living costs. The Ministry of Finance has drafted a decree to extend the 0% tax incentive for automobile production and assembly until the end of 2032, aiming to provide stability for manufacturers to invest in technology and global supply chain integration.

To support social security for citizens and businesses, Deputy Prime Minister Nguyen Van Thang has directed officials to develop plans to reduce average retail electricity prices and consider reducing the special consumption tax on all types of gasoline to 0%. These energy and fuel adjustments are proposed to run from November 1, 2026, through March 31, 2027.

Vietnam Electricity (EVN) has been tasked with calculating cost-saving measures to lower retail electricity prices, with the Ministry of Industry and Trade overseeing the proposal. Concurrently, the Ministry of Finance is coordinating with the Ministry of Industry and Trade and the Ministry of Justice to evaluate the legal feasibility and impact of the 0% gasoline tax. A final report on the tax reduction feasibility is due before November 1, 2026.

Additionally, the Ministry of Industry and Trade is seeking feedback on a draft decision to restructure the five-tier retail electricity pricing system. Under this proposal, an estimated 94% of residential customers—specifically those consuming 800 kWh or less per month—could see a reduction in their electricity bills. Recent discussions indicate a potential shift from a six-tier to a five-tier system, which would expand the first tier to cover the initial 100 kWh.

## Claims

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

## Timeline

### 2026-10-28: Vietnam considers electricity price cuts and zero petrol excise tax

Vietnam is exploring plans to reduce retail electricity prices and cut gasoline excise taxes to 0% starting November 2026 to support social welfare and businesses.

13 sources. https://clstr.news/cluster/vietnam-considers-electricity-price-cuts-and-zero-percent-gasoline-special-consumption-tax

### 2026-10-25: Vietnam considers electricity price cuts and gasoline tax reductions

Vietnam is reviewing plans to reduce retail electricity prices and cut special consumption tax on gasoline to 0% from November 2026 to March 2027 to support citizens and businesses.

6 sources. https://clstr.news/cluster/vietnam-considers-electricity-price-cuts-and-gasoline-tax-reductions

### 2026-10-10: Vietnam proposes extending 0% auto tax incentives to 2032

Vietnam's Ministry of Finance proposes extending 0% tax incentives for automobile production and assembly from 2027 to 2032 to support long-term investment and industry growth.

2 sources. https://clstr.news/cluster/vietnam-proposes-extending-0-auto-tax-incentives-to-2032

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Cite as: Vietnam economic policy and tax adjustments. CLSTR, https://clstr.news/situations/vietnam-economic-policy-and-tax-adjustments