DRAFT OF AMENDED ELECTRICITY LAW

It outlines the scope, application, and definitions relevant to the law, focusing on the development of the power sector, planning and investment in power development, renewable energy development, electricity conservation, licensing of power activities, the electricity market, and the rights and obligations of organizations and individuals involved in the power sector and electricity use. It also addresses the protection of electrical equipment and power facilities, safety in the electricity sector, international cooperation, legal education in the power sector, and prohibited acts in electricity activities and use.

The draft Law includes several chapters, each focusing on specific aspects such as planning and investment in power development, licensing of power activities, the operation of electricity markets, and the responsibilities of State management concerning electricity activities and usage. It emphasizes the importance of renewable energy, energy conservation, rural electrification, and the development of the electricity market. The draft Law also outlines the roles and responsibilities of various stakeholders in the electricity sector, including power generation, transmission, distribution units, and electricity consumers. Additionally, it includes provisions for international cooperation, the promotion of legal education in the power sector, and safety measures in electricity use and infrastructure protection.

This comprehensive draft law aims to regulate the development and operation of the electricity sector in Vietnam, promoting renewable energy, ensuring energy security, and establishing a competitive electricity market while safeguarding the interests of consumers and the general public.

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For more information, please contact:

Hoang Pham (James) / Managing Partner at: hoang.pham@vselawyers.com

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Attention: This legal update is not an advice and should not be treated as such.