If retail electricity prices increase by about 3% from October, EVN's revenue is projected to increase by around 4.8 trillion VND, according to a representative from the Ministry of Industry and Trade.

Deputy prime minister Bui Thanh Son has called for strict penalties against investors of energy projects that are delayed or not implemented, impacting national energy security.

Experts suggest EVN should develop and publicly consult on various electricity price increase scenarios to determine a reasonable "tolerance threshold" for consumers and businesses.

EVN's deputy general director said they have deployed electronic meters for all customers, so "there is no interference to falsify electricity consumption figures".

EVN stated that the nearly $1.9 billion loss stemmed primarily from retail prices being lower than production costs, along with customer support expenses during the Covid-19 pandemic.

Around 10% of electricity customers in Vietnam (3.2 million) consumed over 30% more electricity in August due to intense heat, according to EVN.

Government agencies and experts are calling for transparency from EVN regarding the 45 trillion VND loss it wants to incorporate into electricity prices. They demand a clear explanation of the causes and a detailed breakdown of the costs involved.

The deputy minister of industry and trade says the energy sector, especially electricity, needs to take the lead in creating a foundation for socio-economic development.

The Politburo has called for effective implementation of a direct power purchase mechanism, while increasing customer choice in electricity retailers.

Many households in Thanh Hoa, Nghe An, and Ha Tinh provinces remain without power due to Typhoon Kajiki (Typhoon No. 5), with restoration expected before 1/9.

Your home could be silently draining hundreds of dollars from your wallet each year due to "phantom load."

The Ministry of Industry and Trade is developing regulations for electricity service pricing of battery energy storage systems (BESS).

The Ministry of Industry and Trade proposes financial support and interest rate subsidies for households installing rooftop solar panels with battery storage.