- Asia
New Law on Electricity Promulgated by National Assembly of Vietnam
On 30 November 2024, Vietnam’s National Assembly adopted wide-ranging amendments to the Law on Electricity (“New Law”), which introduce significant changes aimed at modernizing and enhancing Vietnam’s energy sector. Certain notable features of the New Law are discussed below. Key policies in the New Law include provisions that are intended to promote the generation and use of renewable energy sources, including solar, wind, and hydro power, along with the development of nuclear power. This legislation signals a clear shift toward a more sustainable energy portfolio in Vietnam in the coming years. The New Law introduces the first overarching rules on bidding for energy projects. If these are implemented in a commercially reasonable manner, considering the needs of various stakeholders this...To read the full article, please see the PDF file
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Stationed in Singapore in 2010 and in Vietnam since 2013, and supported foreign investors in their investments and business development in South East Asia. Provided legal advice on various projects including the following: • M&A deals • infrastructure development projects including smart city, road, and railway • natural resources and energy projects including renewable energy projects • real-estate development projects including residential housing, commercial/logistics, offices, hospitality properties, complex buildings Kazuhide has also advised foreign invested companies in South East Asia in various areas, such as labor, trade, information security, digital regulations, crisis management, and compliance.