Vietnam’s energy sector has a substantial task ahead of it in ensuring that power supplies are commensurate with growing demand during the country’s new era of development.
A recent Vietnam Economic Times / VnEconomy forum was among the best opportunities for stakeholders to comment and contribute opinions on substantive revisions to the Law on Petroleum and later, the amended law was passed by the National Assembly on August 23.
Foreign investors recognize the improvements made to Vietnam’s infrastructure and investment environment but stable power supply is a lingering problem.
A careful balance continues to be needed at Vietnam’s industrial parks that aligns economic growth with the necessary level of environmental protection.
Such a legal framework requires further review to ensure that all regulatory barriers on business activities are properly simplified or fully removed, VCCI stated.