The Vietnamese government is reducing the average retail electricity tariff by 2% to 2,159.9 dong per kWh starting November 1, and abolishing the special consumer tax on gasoline, Reuters reports. Previously, the fuel tax rate ranged from 7% to 10%, the benefit will be valid until the end of March 2027. The measures are designed to lower costs for businesses and households in order to achieve the country's GDP growth target of over 10% for the current year.