Deputy Prime Minister requests EVN to have a plan to reduce electricity prices, applied from November 1st
The Deputy Prime Minister requested to urgently consider a plan to reduce the special consumption tax on gasoline to 0% and reduce electricity prices.
According to the Government Authority of Information and Communications, on October 27, 2026, at the Government Headquarters, Member of the Party Central Committee, Deputy Prime Minister Nguyen Van Thang chaired a meeting on scenarios for managing gasoline and electricity prices.
Attending the meeting were leaders of the Ministries of Finance, Industry and Trade, the Government Office; representatives of the Ministry of Justice; General Director of Vietnam Electricity Group (EVN).
After listening to the report of EVN, the Ministry of Finance and the opinions of ministries and agencies, concluding the meeting, Deputy Prime Minister Nguyen Van Thang gave the following opinion:
EVN urgently reviews, calculates, and maximizes cost savings to have a plan to reduce the average retail electricity price, applied from November 1, 2026 to the end of March 31, 2027 in accordance with legal regulations on the mechanism and time of adjusting the average retail electricity price and related laws to support and ensure social security for people and businesses; report to the Ministry of Industry and Trade for inspection, review and comments.
The Ministry of Industry and Trade shall take the lead in giving opinions on EVN's average retail electricity price plan to meet the progress of electricity price reduction from November 1, 2020; promptly report to competent authorities for contents beyond their authority.
The Ministry of Finance shall preside over and coordinate with the Ministries of: Industry and Trade, Justice and relevant agencies to urgently review the legal basis, authority, fully assess the impact and feasibility of the plan to reduce the special consumption tax rate for all types of gasoline to 0% from November 1, 2026 to the end of March 31, 2027; report to competent authorities for consideration and decision according to legal regulations, to be completed before November 1, 2020.
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