Earlier this month, EVN said the retail price of electricity increased by 4.5 per cent to over VNĐ2,000 (8.2 US cents) per kWh starting from November 9, the second time they went up this year.
The average electricity retail price was raised from VND1,864.44 per kWh to VND1,920.37 (excluding value-added tax), starting from Monday, which provided the basis to increase the retail prices of electricity for daily life and production.
The ministries of Industry and Trade and Finance revised petrol prices up as of 3pm on Friday, marking the third consecutive increase so far this year.
The retail prices of petrol and oil increased at 6pm on October 1 following the latest review of the ministries of Industry and Trade and Finance on the prices.
The retail price of RON 95 ped by VND1,085 to a maximum of VND20,134 (US$0.86) per litre at 3pm on Monday, the ministries of Industry and Trade and Finance jointly announced.
Rising production costs are harming the competitiveness of Vietnamese seafood products, according to experts. These include the prices of feed, material input, electricity and labour.
The retail price of biofuel E5 RON 92 fell sharply by VND1,446 to a maximum of VND17,181 (US$0.73) per litre by 3pm on Thursday, the ministries of Industry and Trade and Finance announced.
The retail price of biofuel E5 RON 92 fell by VND975 to trade at a maximum of VND18,627 (US$0.79) per litre at 3pm today, the Ministries of Industry and Trade and Finance announced.
The retail price of biofuel E5 RON 92 fell by VND224 to a maximum of VND20,682 (US$0.88) per litre at 3pm on Monday, the ministries of Industry and Trade and Finance announced.
The petrol retail price saw its highest surge so far this year on Saturday, raising concerns over unpredictable impacts to the economy and the possible increase of goods prices during the upcoming Tet (Lunar New Year) Holiday, experts said.