Norwegian Ambassador to Vietnam, H.E. Stein Iversen, spoke with Nhu Quynh during the Nordic Business Summit 2026 in Ho Chi Minh City on October 29, where business leaders and policymakers discussed opportunities to strengthen economic cooperation between Vietnam and the Nordic countries, particularly following the signing of the Vietnam-EFTA Free Trade Agreement.
The evolving nature of the petroleum industry means that revisions to the legal framework are already needed just four years after previous amendments were made.
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.