Energy price cuts to help curb inflation, boost growth: experts
Hanoi, Nov. 5 -- Cuts in the excise tax on petrol and the average retail electricity price, both effective from November 1, 2026, will help reduce costs for households and businesses, support production and business activities, curb inflation and sustain economic growth in the remaining months of the year, said insiders. Easing costs and supporting production According to the National Statistics Office (NSO) under the Ministry of Finance, the consumer price index (CPI) increased 4.52% in the first nine months of 2026, exceeding this year's ceiling inflation target of 4.5%. Inflationary and moderating factors are expected to continue to intertwine in the remaining months, posing challenges to economic governance. Against this backdrop, the...
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