Tag: Decree 100
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Mr. Nguyen Tien Hoa: Electricity Prices Should Be Adjusted Periodically Like Gasoline Prices
The New Year is a time for reflection and adjustment. According to expert Nguyen Tien Hoa, opting for a yearly adjustment of expenses can be detrimental as it leads to a buildup of costs that, when released, can have a devastating impact.
“EVN Elaborates on the Surge in Electricity Bills for Over 3.2 Million Households”
"Vietnam Electricity (EVN) has recently addressed concerns regarding a surge in electricity bills for the month of August. Over 3.2 million customers witnessed a spike in their electricity consumption, with usage increasing by 30% or more compared to the previous month of July."
“EVN Takes a ‘Hit’ Rather Than a Loss”
As of late 2023, EVN faced a significant deficit in its finances, according to Trinh Quoc Vu, Deputy Director of the Electricity Authority under the Ministry of Industry and Trade. This deficit, commonly referred to as cumulative losses, amounted to a staggering 50,000 billion VND, excluding exchange rate differences. This discrepancy between revenue and expenses will inevitably require EVN to accurately reflect these costs in electricity prices.
