To attract investments in offshore wind power, the ministry proposed an exemption of marine area use fees during construction and a 50 per cent reduction in fees for the 12 years after operations begin.
The draft amendment to the Law on Electricity, which is on the agenda at the current session of the National Assembly, would be a bold step for Việt Nam towards ensuring national energy security and achieving net zero emissions by 2050.
Key provisions focus on transparent advertising practices, mandating influencers to disclose paid promotions and only endorse products they have personally used.
To meet the electricity demand with a growth rate of about ten per cent each year, the annual investment volume in power sources and grids must reach US$7.6 billion.
The draft of the law was released by a representative of the Department of Chemicals, Ministry of Industry and Trade at a workshop on the amended law and a strategy for the development of Việt Nam''s chemical industry, held in Hà Nội on October...
The amendments underway to the law on electricity are expected to remove the bottlenecks and a favourable environment for the development of gas-fired and offshore wind power projects, experts said at a conference on Wednesday.
Officials and experts discussed amendments on several investment laws to more favourable conditions for investors, highlighting the need for simplifying and speeding up procedures.
The Law on Land 2024, which took effect from August 1, is opening significant opportunities to attract investments in promoting the development of green agriculture in Việt Nam.
The Ministry of Finance has proposed significant amendments to the Law on Independent Audit to enhance transparency and fairness in the financial market, particularly by tightening the auditing requirements for large enterprises.
Under the Law on Credit Institutions, which took effect from last month, over the next five years, the credit limit will be decreased by one per cent every year for a customer.
The Draft Law even includes proposals to include influencers in advertising controls, with amendments and provisions up for discussion at the National Assembly in October 2024. A key area of focus is the regulation of social media advertising, which has...