Electricity price rises 3%

May 5, 2023Updated May 27, 20251 min read

The cost of electricity will increase 3% starting Thursday, due to rising input and production costs.

The hike to VND1,920.37 (8.2 cents) per kWh, excluding VAT, decided by Vietnam Electricity (EVN) and approved by the Government and the Ministry of Industry and Trade marks the end of four years of unchanged electricity prices.

Vietnam’s electricity retail price had remained at VND1,864.44 per kilowatt-hour since 2019.

According to the Ministry of Industry and Trade, the electricity production cost stood at VND2,032.26 per kWh in 2022, a 9.27% increase from 2021.

EVN posted a loss of VND26.2 trillion last year, which it blamed on rising input and production costs.

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Mei Ling Tan

Contributor · RetailNews.asia

Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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