Electricity Law: legal counsel suggests bold changes
On 30 November 2024, the National Assembly adopted the new Electricity Law with effect on 1 February 2025 comprising 130 articles, seeking to ensure energy security and achieving net zero emissions by 2050 by overcoming investment barriers in the energy sector. Việt Nam News correspondent Thu Ngân asks Nguyễn Mai Phương, Counsel of Asia Counsel Vietnam Law Company Limited, about the significant changes to the law and how they will impact foreign investments in the sector.