Compiled by Thu TràAfter the latest power price hike announced by Vietnam Electricity (EVN), many businesses said they are seeking ways to adapt to the new situation. Two recent electricity price hikes will add 7.5 per cent increase to his business's electricity costs. Meanwhile, input costs including electricity prices continue to increase, but businesses cannot increase product prices. With current economic conditions, if product prices increased, consumers would continue to take non-essential products out of their shopping list. The twice electricity price adjustment would increase the monthly electricity bill that his business had to pay.

Source: Viet Nam News November 20, 2023 04:23 UTC