Log in
Econ

Vietnam slashes electricity cost for anti-pandemic facilities

Facilities in charge of quarantining suspended and confirmed Covid-19 people are subject to the exemption of electricity bill.

The government of Vietnam will slash electricity tariff for facilities that are in charge of quarantining, testing, or treating people in the Covid-19 fight.

 Facilities used for Covid-19 quarantine purpuses are subject to exemption of electricity tariff. Photo: Giang Huy/VNExpress

Under the government’s Resolution 180/NQ-CP, the assistance will include exemption of electricity bill for localities used for quarantine and checkup of suspected and confirmed Covid-19 people; and a reduction of 20% electricity bill for clinics providing checkup, test, and treatment of suspected people and Covid-19 patients.

The support, the second of its kind since the start of the Covid-19 pandemic in early this year, will be applied for three months beginning October, the government said on its website on December 18.

Centers charging quarantine services will not be subject to the support.

For local customers whose consumption volume below 300 kWh/month, Vietnam Electricity (EVN) will cut 10% in the electricity bill between October and December.

In the first reduction, EVN applied the same rate 10% to local customers for bills in April-June.

The two reductions is estimated to cost the sole power distributor VND12 trillion (US$522 million), Tuoi Tre Newspaper reported.

Currently, the average household retail power price is VND1,864/kWh (8 US cent/kWh).

Reactions:
Share:
Trending
Most Viewed
Related news
Real estate firms sell bonds worth $402 million in May

Real estate firms sell bonds worth $402 million in May

Real estate companies have raised $862 million from bond issuance in April and May, thanks to an improved business environment and better access to funding.

Vietnam unveils new strategies to boost domestic market, aid businesses

Vietnam unveils new strategies to boost domestic market, aid businesses

As global trade uncertainties grow, Vietnam sees the domestic market not only as a key consumption driver but also a “lifeline” for businesses hit by protectionist export barriers.

Vietnam eyes US tilapia export boost as global supply falls

Vietnam eyes US tilapia export boost as global supply falls

Vietnam aims to increase tilapia output to 400,000 tons by 2030, making it the second-largest freshwater export species after pangasius.

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Many of the key Vietnamese exports, such as wood products, electronics, and textiles, that are not on the US exclusion list could face steep tariffs.

Vietnam's mobile money pilot program extended to end of 2025

Vietnam's mobile money pilot program extended to end of 2025

Mobile Money, launched by the Ministry of Science and Technology, differs from e-wallets by linking users’ payment accounts directly to mobile phone numbers.

Vietnam taps innovation, global ties to elevate national brand

Vietnam taps innovation, global ties to elevate national brand

Vietnam is intensifying efforts to enhance its national brand, leveraging innovation, global partnerships, and strategic policies to bolster its global competitiveness and market presence.

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

The government has expanded the scope and scale of the credit program for the sectors which brought about US$62.4 billion worth of exports in 2024.

Vietnamese public shows rising satisfaction in 2024 PAPI survey

Vietnamese public shows rising satisfaction in 2024 PAPI survey

The 2024 PAPI survey found increasing citizen satisfaction with governance, but highlighted persistent administrative challenges, climate vulnerability, and gaps in access to public services.