HCMC – Vietnam has set the ceiling for average retail electricity tariffs at VND2,444.09 per kWh, as part of a new pricing framework that came into effect on March 31.
Under the new decision signed by Deputy Prime Minister Bui Thanh Son, the average retail power tariff must range between a minimum of VND1,826.22 per kWh and a maximum of VND2,444.09 per kWh, excluding value-added tax.
The pricing framework, issued in accordance with the revised Electricity Law passed in 2024, applies to all organizations and individuals involved in power consumption.
The Ministry of Industry and Trade will be responsible for recalculating and proposing adjustments to the tariff range if electricity production costs fluctuate significantly or if past expenses have yet to be reflected in current pricing.
Earlier, the ministry proposed cutting the number of electricity pricing tiers for households from six to five. It also suggested raising the top rate to nearly VND3,800 per kWh, higher than the current cap of VND3,302 per kWh.
It also recommended shortening the minimum interval for electricity price adjustments from three months to two, provided production costs change by at least 2%, down from the current 3% threshold.
