Vietnam’s electricity development policies according to the Amending Electricity Law 2012

Specifically, according to Clause 2 Article 1 of the Amending Electricity Law 2012 amending and supplementing Article 4 of the Electricity Law 2004 of Vietnam as follows:

1. To develop electricity in a sustainable manner on the basis of optimally tapping all resources, satisfying demands for electric energy in service of people's life and socio-economic development with stable quality, safety and economy, civilized services, thus contributing to the maintenance of national defense, security and energy security.

2. To prioritize development of electricity to service for rural, mountainous, border areas, islands, and areas in extremely difficult socio-economic conditions.

3. To build up and develop the electricity market on the principle of publicity, equality, fair competition with the State's regulation to raise efficiency in electricity activities; to ensure the legitimate rights and interests of electricity units and electricity-using customers; to attract ail economic sectors to participate in activities of electricity generation, electricity distribution, electricity wholesaling, electricity retailing and/or specialized electricity consultancy. The State holds monopoly in activities of transmission, national electric system regulation, construction and operation of big power plants of particularly important socio-economic, defense or security significance.

4. To apply scientific and technological advances to electricity activities and use with a view to saving, raising the efficiency of using various energy sources, environmental protection; to encourage research, development, production and use of modern equipment to service the requirement of electricity development.

5. To step up the exploitation and use of sources of new energies, renewable energy for electricity generation; to have incentive policy for projects on investment in development of power plants using sources of new energies, renewable energy.

View more details at the Amending Electricity Law 2012 of Vietnam, effective from July 01, 2013.

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