Electricity of Vietnam Group (EVN) is allowed to self determine to increase electricity prices by less than 10% but minimum time between the 2 price hikes is 6 months, Vnexpress.net reported.
The Prime Minister Nguyen Nguyen Tan Dung has approved Decision No. 69 providing mechanisms to adjust average retail electricity prices, which will come into force from Jan 10, 2014. Accordingly, the minimum time between the two electricity price adjustments is extended to 6 months, replacing the current requirement of 3 months. It means that electricity prices would be adjusted by maximum of 2 times per year, starting from Jan 10, 2014.