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Vietnam: CPI to increase .025% with electricity hike.
(From Thai Press Reports)
Section: Regional News - The industry and finance ministries have proposed the Government increase electricity rates by 8.8 per cent sooner than initially planned. On November 24, the Government reportedly approved the plan, yet there has been no confirmation prices will rise on December 1 instead of January 1 next year. Nguyen Tien Thoa, deputy director of the Ministry of Finance's Price Control Department, talks about the hike and its effect on production costs.
Why did your ministry suggest raising electricity rates in December? Is it possible to implement such a price hike on such short notice? If the Prime Minister agrees with the ministries' proposal, the price hike can realistically be implemented for these reasons: firstly, a detailed table …
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