May 10, 2025

Trade: Vietnam pushes domestic firms to pressure US policy makers on tariffs

Vietnam’s Ministry of Industry and Trade, in a conference last week, urged businesses to send letters of protest to US agencies with respect to the “reciprocal tariffs” announced last month to help put pressure on the Trump administration. This is part of a series of broader moves to see those tariffs reduced to a more manageable level.

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Electricity: Vietnam raises average power price by 4.8 percent from May 10

The average retail electricity price in Vietnam will rise from VND 2,103.11 to VND 2,204.07 per kWh, a 4.8 percent increase from today, according to a press release from state power provider Electricity Vietnam (EVN). The move has been driven by rising input costs—notably coal, gas, oil, LNG, and the exchange rate—with low-cost hydropower only expected to supply 25 percent of total demand in 2025, the release says.

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