From BigGo Finance · BigGo Finance · · 1m 10s
Vietnam's power tariff changes to cut bills for most households
Vietnam's government to implement new 5-tier electricity pricing immediately, lowering bills for 94% of households.
In brief
Vietnam's government to implement new 5-tier electricity pricing immediately, lowering bills for 94% of households. Vietnam's Ministry of Industry and Trade will roll out a 5-tier residential power tariff and new peak/off-peak hours starting immediately, keeping average prices unchanged while reducing bills for 94% of…
New power tariff proposal
Vietnam's Ministry of Industry and Trade seeks immediate rollout of 5-tier residential retail electricity tariff and new peak/off-peak hours.
Average price unchanged
Average retail electricity price stays at 2,204.0655 dong/kWh.
Household impact
94% of households using 777 kWh/month or less will see lower bills, with largest reduction around 400 kWh/month.
High consumption households
Households averaging 1,182 kWh/month will pay about 190,000 dong more per month.
Business sector impact
Iron and steel production faces less than 9% increase, dragon fruit farming less than 6% increase.
Electric vehicle and tourism
Electric vehicle charging and tourist accommodation facilities see about 3% increase, but could see lower costs with new tariff.
Implementation timeline
New tariff takes effect immediately upon signing, not waiting for next average-price adjustment cycle.
The short version
Vietnam's Ministry of Industry and Trade will roll out a 5-tier residential power tariff and new peak/off-peak hours starting immediately, keeping average prices unchanged while reducing bills for 94% of households.
