The facts
The zero excise rate covers gasoline products for five months. Reuters reports the previous special-consumption tax rates were 7%–10%. [1][2]
The government says the policy aims to support energy security and market stability; any further extension depends on conditions. [1]
Reuters reports that the average retail electricity tariff falls to 2,159.9 dong per kilowatt-hour, excluding VAT. An average-rate cut does not establish that every customer’s bill falls by exactly 2%. [2]
Still unconfirmed
- The full customer-category electricity schedule and any extension beyond 31 March were not established.
Sources
References support the numbered facts above. Source checks: 1 Nov 2026, 04:39 UTC.
- Government removes excise tax on gasoline
Viet Nam Government News · Primary source · 31 Oct 2026
The actual government announcement gives the decision and effective period.
- Vietnam cuts retail electricity price and removes gasoline excise from November
Reuters, via MarketScreener · Reporting · 31 Oct 2026