{
  "id": 17533419,
  "title": "Vietnam lowers electricity price, first time in almost 20 years",
  "url": "https://urgent.news/2026/11/01/vietnam-lowers-electricity-price-first-time-in-almost-20-years",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-01T04:06:55.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/economy/vietnam-lowers-electricity-price-first-time-in-almost-20-years-5139302.html"
  },
  "original_language": "en",
  "account": "Vietnam has reduced its electricity price for the first time in almost two decades, according to state-owned power firm EVN. The new average retail price stands at VND2,159.90 per kilowatt-hour, marking a departure from the last 19 years of price stability. This adjustment, excluding the previous five rounds of reductions to aid those impacted by Covid-19, sees a 2% decrease, totaling VND2,159.90 per kilowatt-hour. Between 2023 and 2025, electricity prices surged by 18.2% in four adjustments, with the most recent hike occurring in May 2025.\n\nEVN explained that the reduction was a result of a comprehensive review of operations and a relentless effort to minimize costs. The goal is to support individuals and businesses, contribute to macroeconomic stabilization, and ensure social welfare. During a National Assembly session on economic and social issues on October 31, Deputy Prime Minister Nguyen Van Thang indicated that the government had instructed EVN to cut costs as much as possible, aiming for a 2% reduction in average retail electricity prices.\n\nThane added that the price cut, along with a plan to eliminate the special consumption tax on gasoline, would provide approximately 0.07 percentage points of additional leeway to control inflation and work towards the National Assembly's 4.5% inflation target.",
  "summary": "Vietnam’s average retail electricity price will fall 2% starting Sunday, the first decrease in nearly two decades of increases.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Vietnam cuts retail electricity price, removes gasoline tax from November 1",
        "url": "https://urgent.news/2026/10/31/vietnam-cuts-retail-electricity-price-removes-gasoline-tax-from",
        "published": "2026-10-31T22:30:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}