Vietnam gives second electricity discount as Covid-19 relief
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The government has cut electricity prices by 10 percent for the year’s last quarter to support economic recovery from Covid-19 impacts.
The discount applies to businesses and households for a maximum of 300-kilowatt-hour consumption per month from October to December. Consumption above this limit will attract normal prices.
Covid-19 quarantine centers will get a 100 percent discount on their electricity bills, while medical facilities that test and treat Covid-19 patients can enjoy getting a 20 percent discount.
The government had already given a 10 percent discount in the second quarter, which was estimated to cost the state coffers nearly VND11 trillion ($476 million).
The discounts came as Vietnam’s economy was badly hurt by the Covid-19 pandemic, with key sectors posted drastically reduced or even negative growth.
In the first nine months, 31.8 million workers were affected by the pandemic, losing their jobs or having their working hours reduced, according to the General Statistics Office.
Questions & Answers
Q.Which specific groups are eligible for the recent electricity price reduction?
Which specific groups are eligible for the recent electricity price reduction?
The latest 10 percent discount applies to both businesses and households. Covid-19 quarantine centres receive a full discount, and medical facilities treating Covid-19 patients get a 20 percent reduction.
Q.What is the maximum electricity consumption that benefits from the 10 percent discount for households and businesses?
What is the maximum electricity consumption that benefits from the 10 percent discount for households and businesses?
For households and businesses, the 10 percent discount applies to a maximum of 300 kilowatt-hours of consumption per month. Any electricity used above this limit will be charged at the normal price.
Q.Has the Vietnamese government previously offered electricity discounts due to the pandemic?
Has the Vietnamese government previously offered electricity discounts due to the pandemic?
Yes, the government had already provided a 10 percent electricity discount during the second quarter of the year. That earlier relief measure was estimated to cost the state coffers nearly VND11 trillion.
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