From tomorrow, electricity prices will increase by 4.8% to more than 2,200 VND per kWh.

Electricity workers check the operation of electrical equipment (illustrative photo)

At a press conference on the afternoon of May 9, Vietnam Electricity (EVN) announced that the average retail electricity price would increase from VND2,103.11 to VND2,204.07 per kWh (excluding VAT), equivalent to an increase of 4.8%. This increase is similar to that in October 2024.

Electricity prices are considered for change every 3 months, when input costs increase by 2% or more, according to Decree 72 of the Government . That is, there will be 4 price changes each year. The last time electricity prices were adjusted was on October 11, 2024, and have been maintained since then. Thus, after 8 months, the price was changed and this is the first increase this year.

Retail electricity price list from May 10:

Old price (VND/kWh)	Level	Usage level	New price (VND/kWh)	Electricity bill increase (VND/month)
1,893	1	0 - 50 kWh	1,984	4,550
1,956	2	51 - 100 kWh	2,050	9,250
2,271	3	101 - 200 kWh	2,380	20,150
2,860	4	201 - 300 kWh	2,998	33,950
3,197	5	301 - 400 kWh	3,350	49,250
3.302	6	401 kWh or more	3,460	65,050

According to the assessment data of the General Statistics Office, this electricity price adjustment is expected to increase the 2025 CPI by about 0.09%.

Mr. Vo Quang Lam, Deputy General Director of EVN, said that this increase was carefully considered based on fluctuations in input costs (coal and gas prices for electricity production) and electricity costs that people and businesses must pay. According to EVN's calculations, each household will have to pay an additional VND4,350 - VND62,150/month.

Poor households are still supported with cash equivalent to 30 kWh, equivalent to 59,520 VND/month. Policy households are also supported with equivalent amount, with the condition that they use less than 50 kWh, equivalent to nearly 56,800 VND/month (excluding value added tax). This policy aims to reduce the burden of electricity costs for poor households and policy households, helping to ensure social security.

The decision to increase prices this time was made in the context of EVN still accumulating losses from electricity production and trading. Last year, the group was financially balanced and profitable from this business segment. However, in the two years before that, EVN lost a total of more than VND70,000 billion from selling electricity. This loss does not include VND18,032 billion in exchange rate differences from the electricity purchase and sale contract suspended for 5 years (2019 - 2023).

This year, electricity demand is expected to increase by about 12.2%, equivalent to a total electricity output of the entire system of 33.6 billion kWh compared to 2024. According to Mr. Lam, the increased electricity output mainly comes from high-cost sources. Specifically, low-cost hydropower no longer has much room, only supplying about 25% of demand. The remaining 75% of output comes from high-cost electricity sources such as coal, gas, oil, renewable energy, etc.

In addition, foreign exchange rates have been unpredictable and have increased recently. This has affected the cost of power generation, which accounts for about 83% of the cost of electricity production, according to the Deputy General Director of EVN.

TB (summary)

Source: https://baohaiduong.vn/tu-ngay-mai-gia-dien-tang-4-8-len-hon-2-200-dong-moi-kwh-411199.html