Business

Electricity prices to be revised up following holiday

The Ministry of Industry and Trade has allowed the Vietnam Electricity (EVN) to revise up electricity prices by a maximum of 3% following the April 30 - May 1 holiday.
Electricity prices to be revised up following holiday ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – The Ministry of Industry and Trade has allowed theVietnam Electricity (EVN) to revise up electricity prices by a maximum of 3%following the April 30 - May 1 holiday.

Under a document signed by Deputy Minister of Industryand Trade Dang Hoan An on April 27, the adjustment of the average retailelectricity prices in 2023 must comply with the regulations stated in the PrimeMinister’s Decision dated June 30, 2017, on the mechanism for the work.

The ministry asked the EVN to point out objective and subjective causes of its current financial situation, adopt drastic measures to reduce production andtrade costs, including adopting advanced technology and digital transformation,and negotiate with investors and suppliers in the principles of harmonisinginterests and sharing risks.

It was also assigned to build a comprehensive communication plan toreach public consensus on price adjustment, raise public awareness of savingelectricity, and launch a nationwide power saving movement./.

VNA
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