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VCSC Daily - Electricity price hike proposal spook investors

Market Commentary

11 May 2012

Market drops on EVN proposal to raise electricity prices – According to Mr. Nguyen Tien Thoa, Head of Pricing Management Department, EVN is again considering a proposal to increase electricity retail prices by 5-10%. EVN is arguing that production cost has increased significantly by 3.29%. As such, the price needs to be increased VND42.95/kWh, to an average price of VND1,347/kWh.

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