Vietnam has maintained its appeal as a popular destination for foreign investment over the years and is now introducing a new framework to draw in and benefit from modern technology projects.
Various stakeholders offered in-depth perspectives on the need for institutional and legislative reform in the energy sector, with the revised Law on Petroleum at the center of discussions.
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.