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LEGAL ALERT ON THE NEW ELECTRICITY RETAIL PRICE

Dr. Oliver Massmann by Dr. Oliver Massmann
October 15, 2024
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LEGAL ALERT ON THE NEW ELECTRICITY RETAIL PRICE
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On 11 October 2024, Electricity Vietnam (EVN) and the Ministry of Industry and Trade (MOIT) issued Decision No. 1046/QD-EVN (Decision 1046) and Decision No. 2699/QD-BCT (Decision 2699) respectively on the increment of electricity retail price. Accordingly, under the Decision 1046, the average electricity retail price is adjusted to VND2,103.1159/kWh (exclusive of VAT) from Decision 1046’s issuance date. Further, according to Decision 2699, the average electricity price is set to increase to the same price as stated in Decision 1046 for customers using electricity with the same effective date. With the issuance of Decision 1046 and Decision 2699, the average electricity retail price increased by 4.8% compared to the latest official retail price.

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Please do not hesitate to contact Dr. Oliver Massmann under [email protected] if you have any questions on the above. Dr. Oliver Massmann is the General Director of Duane Morris Vietnam LLC.

 

 

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Dr. Oliver Massmann is an International Attorney at Law and a Financial Accountant and Auditor.

Dr. Massmann received his PhD with Major in International Business Law.

Dr. Massmann has over 20 years experience working as commercial lawyer in Vietnam. Dr. Massmann is fluent in Vietnamese language, negotiation and presentation level.

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Dr. Oliver Massmann can be reached under [email protected]

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