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Cheaper light from tomorrow: Vietnam cuts electricity prices and zeroes the gasoline tax

From 1 November, Vietnamese households and businesses will pay about 2% less for electricity — the average retail price falls to 2,159.9 dong (about $0.085) per kilowatt-hour — while the special consumption tax on gasoline drops from 7–10% to zero until the end of March. The government announced the twin cuts on Saturday as a deliberate cost-of-living move: keep power and fuel affordable while the economy chases growth above 10% this year. It is the kind of policy that never trends — no ribbon, no record — just millions of monthly bills arriving slightly lighter.

The upbeat factorsometimes good news is simply a smaller number at the bottom of everyone's bill.
✓ Verified · Reuters · 2026-10-31 · Vietnam
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