Electricity Law: A legal framework for development of Vietnam’s competitive electricity market
The Electricity Law was passed by the XIth National Assembly in its 6th session on December 3, 2004, institutionalizing the Party’s policies on electricity development, creating favorable conditions for organizations and individuals to participate in production and use of electricity, creating a legal framework for the formation of a competitive electric power market, and perfecting a legal environment for electricity-related activities in Vietnam. The Law will take effect on July 1, 2005.