Vietnam Electricity Reforms Spark Opportunities for Foreign Investment

Vietnam’s amended Law on Electricity allows foreign investment in the country’s electrical grid to improve energy quality and capacity. Power consumption in the country is projected to increase by 10-12 percent annually through to 2030, representing the fastest growth rate in Asia.

As such, early entrants to building, managing, and operating Vietnam’s electrical grid will have the advantage of becoming trusted partners as opportunities grow in Vietnam’s energy sector.

Private investors can now build, manage, and operate power grids in Vietnam following recent legal amendments, as the Vietnamese state gradually reduces its control of the sector.

On January 11, 2022, Vietnam’s National Assembly passed Law No. 03/2022/QH15, which includes amendments to the Law on Electricity 2004. The law is Vietnam’s main piece of legislation governing the electricity sector and includes…