Several major industries in Vietnam, hit hard by the 7.6 percent hike in power prices earlier this month, are themselves considering price hikes.
These include steel, cement, and paper companies.
Pham Chi Cuong, chairman of the Vietnam Steel Association, said the power price hike – 7.6 percent on average and 20 percent during peak time – would add over VND220 billion (US$13.7 million) to the industry’s costs.
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