daily · Climate Policy

Vietnam cuts average retail electricity tariff 2% from November 1

The government puts the new average at 2,159.9037 dong per kWh before VAT. Customer-group rates and individual bills are separate from the national average.

By Greener Numbers Editorial Team · Published November 1, 2026 · Updated 11/1/2026

Vietnam’s average retail electricity price falls 2% from November 1, according to a November 1 announcement on the government’s policy portal. The new average is 2,159.9037 Vietnamese dong per kilowatt-hour before value-added tax. This is a national average tariff measure, not a statement that every household pays that amount for every unit.

The government notice says the Ministry of Industry and Trade issued Decision 2892/QD-BCT on October 31, setting electricity prices for customer groups and retail electricity providers from November 1. The average-price announcement and the group-specific tariff schedule are related but different measures. A customer’s applicable rate depends on the relevant tariff category.

The adjustment is made under Vietnam’s rules for changing average retail electricity prices. The government portal cites Decree 72/2025/ND-CP and its 2026 amendment, along with the retail tariff structure and implementation rules. The notice reports an effective price change rather than a proposed consultation or an expected future subsidy.

Vietnam Electricity says it reviewed costs and sought savings following directions from the government and ministries. The notice links the reduction to government conclusions after an October 27 meeting on managing petrol and electricity prices. Those are the authorities’ stated reasons, not an independent finding that all generation or network costs fell by exactly 2%.

The government describes the reduction as support for macroeconomic stability, social welfare, people and businesses. It does not provide a calculated bill saving for a particular home in the announcement. Consumption, customer category and taxes still matter when translating an average tariff change into an individual bill.

For customers comparing the new figure with their bill, the important limits are the November 1 effective date, the exclusion of VAT and the distinction between an average tariff and the applicable customer-group rate. The announcement is specific to Vietnam. It does not change U.S. electricity tariffs or establish a universal 2% reduction in household energy spending.