Vietnam''s Electricity Pricing: What You Need to Know
Vietnam''s latest retail electricity pricing framework introduces an average rate ranging from VND 1,826.22 to VND 2,444.09 per kilowatt
The decision, signed on March 31, sets the maximum retail electricity price at VNĐ2,444.09 per kWh (US$0,095), while the minimum price is set at VNĐ1,826.22 per kWh. The pricing structure is set to be excluding value-added tax (VAT), providing clarity for both consumers and suppliers regarding the cost of electricity.
VNA/VNS Photo HÀ NỘI — Việt Nam has officially established the new framework for average retail electricity prices, as announced by Deputy Prime Minister Bùi Thanh Sơn. The decision, signed on March 31, sets the maximum retail electricity price at VNĐ2,444.09 per kWh (US$0,095), while the minimum price is set at VNĐ1,826.22 per kWh.
In 2023, power shortages were estimated to have cost Vietnam's economy an estimated US$1.4 billion. This was attributed to water shortages for hydropower and a lack of a sufficient supply of coal, however, underinvestment in power infrastructure also played a role.
Effective October 11, 2024, the national utility, EVN, has raised the average retail electricity price by 4.8%. This translates to a new rate of VNĐ2,103.1159 per kilowatt-hour, excluding Value Added Tax, up from the previous VNĐ2,006.79. You might want to ask? More How do you survive a 7 hour layover? What type of expense are bank fees?
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