Accordingly, this reduction will feature on household invoices in May, June and July.
Power bills will be reduced for households with consumption of less than 300kWh a month by 10%. The total estimated reduction would be around VND2.9 trillion (about US$123.1 million).
Households which use more than 300kWh a month willbe charged the current rate as they are high-income earners, less affected by COVID-19.
Producers and firms will also enjoy a 10% cut, which willcost an estimated VND6.1 trillion.
Hotels and restaurants will enjoy similar reductions at a cost of VND1.8 trillion.