Vietnam: Regulations on expenditure on power cut and resupply applied from October 30, 2020

11:04, 15/09/2020

Recently, the Ministry of Industry and Trade of Vietnam issued Circular No. 23/2020/TT-BCT on expenditure on power cut and resupply and determination method thereof.

According to Circular No. 23/2020/TT-BCT of the Ministry of Industry and Trade of Vietnam, electricity suppliers, electricity suppliers and retailers may collect expenditure on power cut or resupply.

The collected expenditure on power cut and resupply shall be accounted for in revenues of the Sellers and taxed as per the law.

Base expenditure on power cut and resupply (M) refers to expenditure on a single instance of power cut or resupply in plains with distance from offices of entities that cut or resupply power of areas subject to the cut or resupply no more than 5 km and shall be determined by following formula:

M = Labor cost + Transportation cost

Specifically, base expenditure on power cut and resupply (M) from October 30, 2020 is regulated as follow:

- In areas with voltage no more than 0.38 kV: M = VND 98,000;

- In areas with voltage ranging from exceeding 0.38 kV to 35 kV: M = VND 231,000;

- In areas with voltage exceeding 35 kV: M = VND 339,000.

View more details at Circular No. 23/2020/TT-BCT of the Ministry of Industry and Trade of Vietnam, effective from October 30, 2020.

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