🇻🇳 Kicking Off November… The government is rolling out a series of policies, including “REDUCING ELECTRICITY PRICES, REDUCING FUEL PRICES, AND MAINTAINING ECONOMIC SUPPORT POLICIES” for the public, helping ease the cost pressures on living and business activities.
Starting today, November 1, 2026, a series of important policies officially take effect, as detailed below:
1. ⚡ The average retail electricity price has officially been reduced by 2%, to around 2,159.9 VND/kWh (excluding VAT).
2. ⛽ The special consumption tax on all types of gasoline has been reduced to 0%, effective through March 31, 2027.
3. ⛽ The price of E5RON92 gasoline has been reduced by 1,804 VND/liter, to a maximum of 24,223 VND/liter.
4. ⛽ The price of E10RON95-III gasoline has been reduced by 1,575 VND/liter, to a maximum of 24,159 VND/liter.
5. The environmental protection tax on gasoline and oil remains at 0 VND/liter.
6. Some petroleum products continue to benefit from a 0% preferential import tax.
7. The policy reducing VAT from 10% to 8% for eligible groups of goods and services remains in effect through the end of 2026.
The across-the-board reduction in energy costs may support transportation, logistics, manufacturing, and consumer businesses, while also helping ease inflationary pressures. It will reduce the burden of rising raw material costs and living expenses, which have increased sharply recently.
📌 This has been a difficult year for the economy. Other countries are all grappling with what people call “costs”… This move will significantly affect business performance and people’s lives during this period.
There’s been a flood of FUD in the economic news lately, and then suddenly our country puts out this batch of news—nice and calm…
Starting today, November 1, 2026, a series of important policies officially take effect, as detailed below:
1. ⚡ The average retail electricity price has officially been reduced by 2%, to around 2,159.9 VND/kWh (excluding VAT).
2. ⛽ The special consumption tax on all types of gasoline has been reduced to 0%, effective through March 31, 2027.
3. ⛽ The price of E5RON92 gasoline has been reduced by 1,804 VND/liter, to a maximum of 24,223 VND/liter.
4. ⛽ The price of E10RON95-III gasoline has been reduced by 1,575 VND/liter, to a maximum of 24,159 VND/liter.
5. The environmental protection tax on gasoline and oil remains at 0 VND/liter.
6. Some petroleum products continue to benefit from a 0% preferential import tax.
7. The policy reducing VAT from 10% to 8% for eligible groups of goods and services remains in effect through the end of 2026.
The across-the-board reduction in energy costs may support transportation, logistics, manufacturing, and consumer businesses, while also helping ease inflationary pressures. It will reduce the burden of rising raw material costs and living expenses, which have increased sharply recently.
📌 This has been a difficult year for the economy. Other countries are all grappling with what people call “costs”… This move will significantly affect business performance and people’s lives during this period.
There’s been a flood of FUD in the economic news lately, and then suddenly our country puts out this batch of news—nice and calm…
