Subscription Plans

Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.

Subscription Plans

Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Sunday, July 13, 2025

Shorter interval of electricity price adjustments proposed

By T. Dao

Must read

HCMC – The Ministry of Industry and Trade (MOIT) has proposed revising electricity prices every three months, instead of the current every six months.

The MOIT said that shorter intervals of three months would be more effective in reflecting the dynamic changes in the energy market.

This proposal is part of a draft decision of the prime minister, focusing on retail electricity pricing based on the average retail electricity price, the Vietnam News Agency reported.

The proposed electricity pricing system will carefully consider various factors, including the electricity supply plan, the overall operation of the power system, and the production and business costs of the Vietnam Electricity Group (EVN).

Under the new system, EVN will be responsible for implementing changes in electricity prices based on specific conditions. If the average retail electricity price decreases by at least 1% compared to the current average, EVN will be obliged to reduce the retail prices accordingly. Conversely, if the average retail price increases by 3% to below 5% within the set price range, EVN will be allowed to make a corresponding increase.

In cases where the price increase is between 5% and below 10% within the price range, EVN will need to report the proposed increase to the MOIT for approval. If the average retail electricity price hike exceeds 10% or falls outside the price range, potentially affecting the macro-economy, the ministry will report the matter to the prime minister for further examination.

This proposed modification aims to bring more frequent updates to the electricity pricing structure and is now open for public feedback.

Prior to presenting this proposal, the ministry had sought public feedback on restructuring the retail electricity pricing for household consumption, suggesting the reduction of pricing tiers from six to five.

The average retail electricity price in Vietnam currently stands at over VND1,900 per kWh.

More articles

Latest articles