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Edition of Sunday, 1 November 2026English edition
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The Geopolitician

Country risk, from the local press

Vietnam · Country watch

Vietnam Cuts Electricity and Fuel Taxes, ACV Job Cuts

Vietnam reduces electricity and fuel taxes, impacting costs; ACV cuts jobs amid profit drop.

· · 7 articles read

The picture Improving How this is judged →

Business conditions in Vietnam are improving due to significant cuts in electricity and fuel taxes, reducing operational costs. However, ACV's job cuts highlight ongoing challenges in the construction sector.

Flare-up watch: Calm (−0.2) · How this is judged → · All Vietnam briefings →

In this briefing Vietnam · Vietnam Electricity · Vietnam Ministry of Finance · Airports Corporation of Vietnam · Long Thanh International Airport · Tay Ninh · Vietnam Directorate of Market Surveillance

Regulation

  • Energy
  • Manufacturing
  • Retail

Vietnam cuts average retail electricity price by 2%

Hanoi
Hanoi — Alexey Komarov, CC BY-SA 4.0 via Wikimedia Commons

Vietnam has cut its average retail electricity price by 2% starting November 1, marking the first decrease in nearly two decades, according to VietnamPlus. This move aims to reduce operational costs for businesses and households. The decision follows a series of price hikes, with the last reduction occurring during the COVID-19 pandemic to support affected sectors.

Impact Manufacturers and retailers benefit from lower electricity costs, reducing operational expenses.

Sources: VietnamPlus ↗, VnExpress International Business ↗

  • Logistics
  • Automotive
  • Retail

Vietnam cuts fuel tax to zero, prices fall by 1,800 VND

Vietnam has reduced the special consumption tax on petrol to 0% from November 1, causing retail prices to drop by more than 1,800 VND per litre, reports VietnamPlus. This measure is part of the government's efforts to ease fuel costs and control inflation as the year ends. The tax cut is expected to provide relief to consumers and businesses dependent on fuel.

Impact Logistics and automotive sectors see reduced fuel costs, easing transportation expenses.

Sources: VietnamPlus ↗, Vietnam News Economy ↗

Companies

  • Construction
  • Public sector

ACV reduces workforce by 3,700 amid profit slump

Sân bay quốc tế Long Thành trước ngày đón chuyến bay đầu tiên vào ngày 19/12/2025.
Sân bay quốc tế Long Thành trước ngày đón chuyến bay đầu tiên vào ngày 19/12/2025. — Hehebisbis, CC BY-SA 4.0 via Wikimedia Commons

Airports Corporation of Vietnam (ACV) has reduced its workforce by nearly 3,700 employees in the first nine months of the year, according to Dan Tri Kinh doanh. The company reported a significant drop in pre-tax profit for Q3, with its stock price reaching a three-year low. The reductions come as ACV faces financial pressures amid ongoing construction projects like Long Thanh International Airport.

Impact Construction and public-sector employees face job cuts, impacting workforce stability.

Sources: Dan Tri Kinh doanh ↗, VnExpress ↗

Trade

  • Retail

Tay Ninh seizes 570,000 suspected smuggled products

Authorities in Tay Ninh province have seized nearly 570,000 products, including cosmetics and household goods, suspected of being smuggled, reports Vietgiaitri. The seized items, valued at 8 billion VND, were found to have unclear origins and are believed to have been illegally imported. This crackdown is part of ongoing efforts to combat smuggling and protect local markets.

Impact Retailers dealing in cosmetics and household goods face increased scrutiny and potential supply disruptions.

Sources: Vietgiaitri ↗

Nothing significant reported today in Disruption · Internal tension · Safety & health · Markets · Politics.

Also today in the local press

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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