Vietnamplus

Indonesian Minister of Energy and Mineral Resources Arifin Tasrif has announced that his government plans to raise prices on subsidised fuels to reduce fiscal tensions.

The Hanoi Power Corporation under the Vietnam Electricity group (EVN Hanoi) has reduced power prices by more than 249.7 billion VND (10.96 million USD) in daily activities for 2.4 million consumers to ease difficulties caused by COVID-19.

Rising production costs might force the Vietnam Electricity (EVN) to raise retail power prices but no official decisions had been made for this year, according to SSI Research.

Adjustments have been made to biomass power prices under the Prime Minister’s Decision No.08/2020/QD-TTg on amendments and supplements to several articles of the Decision No.24/2014/QD-TTg dated March 24, 2014.

The Live and Learn Environmental Education in collaboration with the Vietnam Initiative for Energy Transition (VIETSE) organised a seminar to promote sustainable use of energy in Hanoi on August 24.

The Ministry of Industry and Trade will submit to the Government new scenarios for solar power prices in two regions on September 15 based on recommendations it received after presenting its proposal on the matter to the Government’s standing board on July 31.

Electricity retail prices should have been raised by 9.26 percent instead of 8.36 percent if Vietnam Electricity (EVN) had correctly calculated the 3.26 trillion VND foreign exchange rate difference in 2018 into its power production costs.

Power prices will increase by an average of 8.36 percent at the end of this month, said Deputy Minister of Industry and Trade Hoang Quoc Vuong on March 5.

The state-owned Vietnam Electricity (EVN) obtained a number of achievements despite many difficulties in 2018, said EVN Deputy Director General Nguyen Tai Anh.

Some provinces have called for preferential solar power prices to be extended to the end of 2020 instead of June 30, 2019.

Deputy Prime Minister Vuong Dinh Hue has asked the State Bank of Vietnam to actively and proactively direct monetary policy; closely combine with fiscal and macro-policies to control inflation; and prevent double inflation caused by higher foreign exchange rates and global fuel prices.

Vietnam’s total revenue from retail sales and services in the first half of this year has maintained high growth since the beginning of the year, according to the General Statistics Office (GSO).

A new decision by Prime Minister Nguyen Xuan Phuc has given more authority to the State-owned Electricity of Vietnam (EVN), the largest supplier of electricity in the country, in deciding power prices.

The Ministry of Industry and Trade has decided to keep thermal and hydroelectric power price ceilings unchanged in 2017.

Hygienic water has been supplied for over 85.5 percent of rural population in the Central Highlands province of Dak Lak, helping increase local life quality.

The new power tariffs will not raise prices for households while increasing revenue for the sector, an official of the Electricity of Vietnam (EVN) said.

The Electricity of Vietnam (EVN) and the Vietnam Coal and Mineral Industries Group (Vinacomin) have assured electricity prices will remain unchanged until the end of the year.