{"id":33577,"date":"2023-05-04T05:10:08","date_gmt":"2023-05-04T05:10:08","guid":{"rendered":"https:\/\/lynettelockhart.com\/client\/vietnam-raises-retail-electricity\/"},"modified":"2023-05-04T05:13:51","modified_gmt":"2023-05-04T05:13:51","slug":"vietnam-raises-retail-electricity","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/vietnam-raises-retail-electricity\/","title":{"rendered":"Vietnam raises retail electricity price by 3%"},"content":{"rendered":"<p>HANOI (Reuters) &#8211;     Vietnam on Thursday raised its average retail electricity price by 3%, the government said, in a move that could put upward pressure on inflation. <\/p>\n<p>Annual inflation in the Southeast Asian country has been easing since the beginning of the year, with April consumer prices rising 2.81% from a year earlier. The government is targeting average inflation of 4.5% for the year.<\/p>\n<p>The widely anticipated hike in electricity prices is expected to help state utility EVN reduce losses as production costs remain elevated.    <\/p>\n<p>The average price was raised to 1,920.4 dong ($0.0819) per kilowatt hour, excluding value added tax, the government said in a statement, noting that electricity production costs rose 9.27% last year.     <\/p>\n<p>EVN made a net loss of 31 trillion dong last year, according to the Ministry of Industry and Trade. <\/p>\n<p>($1 = 23,445 dong)<\/p>\n<p \/>\n<p> (Reporting by Khanh Vu and Phuong Nguyen; Editing by Kanupriya Kapoor)<\/p>\n<p><a href=\"https:\/\/lynettelockhart.com\/client\/vietnam-raises-retail-electricity\/a-worker-fixes-electricity-grid-in-vietnams-southern-mekong-delta\/\"><img decoding=\"async\" src=\"https:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ4302X-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ4302X-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HANOI (Reuters) &#8211; Vietnam on Thursday raised its average retail electricity price by 3%, the government said, in a move that could put upward pressure on inflation. Annual inflation in the Southeast Asian country has been easing since the beginning of the year, with April consumer prices rising 2.81% from a year earlier. The government [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":33578,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-33577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ4302X-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/33577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=33577"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/33577\/revisions"}],"predecessor-version":[{"id":33579,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/33577\/revisions\/33579"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/33578"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=33577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=33577"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=33577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}