THE PRIME MINISTER
THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
Hanoi, December 28, 2020
Approving the Scheme on developing a competitive energy market through 2030, with a vision toward 2045
THE PRIME MINISTER
Pursuant to the Law on Organization of the Government dated June 19, 2015; the Law amending and supplementing a number of articles of the Law on Organization of the Government and the Law on Organization of Local Governments dated November 22, 2019;
Pursuant to the Electricity Law dated December 03, 2004 and the Law on Amending and Supplementing a Number of Articles of the Electricity Law dated November 20, 2012;
Pursuant to the Petroleum Law dated July 06, 1993 and the Law Amending and Supplementing a Number of Articles of the Petroleum Law dated June 09, 2000 and June 03, 2008;
Pursuant to the Mineral Law dated November 17, 2010;
Pursuant to the Government's Resolution No. 98/NQ-CP dated October 03, 2017 promulgating the Government's Action Program to implement the Resolution No. 10-NQ/TW dated June 03, 2017 of the 12th Party Central Committee, at its 5th session, on private economic development has become an important driving force of the socialist-oriented market economy;
Pursuant to the Political Bureau’s Resolution No. 55-NQ/TW dated February 11, 2020, on orientation of Vietnam's national energy development strategy through 2030, with a vision toward 2045;
Pursuant to the Government's Resolution No. 140/NQ-CP dated October 02, 2020, on promulgating the Government’s Action Program on implementing the Political Bureau’s Resolution No. 55-NQ/TW dated February 11, 2020, on orientation of Vietnam's national energy development strategy through 2030, with a vision toward 2045;
At the request of the Minister of Industry and Trade;
Article 1. To approve the Scheme on developing a competitive energy market through 2030, with a vision toward 2045, with the following contents:
I. SCOPE AND OBJECTIVES OF THE SCHEME
The scope of the Scheme including 03 energy sub-sectors (coal, gas and electricity) that play an important and key role in the energy production and consumption chain in Vietnam.
1. General objectives:
To build, form and develop a fair competitive energy market (coal, gas, electricity), according to each phase, with the state’s regulation, ensuring national energy security, contributing to meeting the requirements of socio-economic growth and implementing the Party and State's goals and policies, enhancing international integration.
2. Specific objectives:
a) To ensure national energy security, contributing to maintaining security and national defense and developing the country's independent and autonomous economy; to provide sufficient high-quality energy for socio-economic development.
b) Transforming the energy sector into a state-regulated competitive market mechanism, ensuring a healthy, transparent, fair, non-discriminating, appealing competition, and diversification of investment and business methods in the energy sector; at the same time, to rationally and efficiently exploit and use domestic energy resources.
c) To develop a synchronous and interconnected energy market among sub-sectors of coal, gas and electricity; ensuring transparent and market-regulated energy prices.
d) Coal market: To imply the Government's direction on the supply of coal for electricity production (especially BOT thermal power plants with the Government guarantee for coal supply contracts) and coal export; step by step transform the coal market towards a fully competitive market, market participants perform transactions, purchase and sell coal, provide services for coal trading in compliance with market regulations and practices.
dd) Gas market: To gradually build a legal framework as a basis for implementing a competitive business model for CNG, LPG and LNG gas business activities: building a roadmap, operating a competitive market for downstream gas distribution with the application of the regulations on the right to lease and use a third-party infrastructure; continuing to implement the commitments of the Government and the signed commercial commitments for gas collection and distribution systems developed on the basis of domestic gas exploitation projects.
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