Electricity prices in Vietnam increase by 4.8 per cent amid soaring generation costs

EVN workers checking the transmission system. Vietnam Electricity (EVN) on May 9 announced that the average retail electricity price will be increased by 4.8 per cent starting from May 10. — VNA/VNS

HANOI: Vietnam Electricity (EVN) on Friday (May 9) announced that the average retail electricity price will be increased by 4.8 per cent starting from Saturday, marking the fourth hike since early 2023.

Accordingly, the average electricity price increases from VNĐ2,103.12 to VNĐ2,204.064 per kWh, excluding value added tax (VAT).