Issues Related to Competition Laws

Vietnam


The Law No No. 28/2004/QH11 on electricity dated December 3, 2004 provides specific provisions on competiton issues, particularly:

Article 4.- Electricity development policies

2. To build up and develop the electricity market on the principle of publicity, equality, fair competition with the State's regulation to raise efficiency in electricity activities; to ensure the legitimate rights and interests of electricity units and electricity-using customers; to attract ail economic sectors to participate in activities of electricity generation, electricity distribution, electricity wholesaling, electricity retailing and/or specialized electricity consultancy. The State holds monopoly in activities of transmission, national electric system regulation, construction and operation of big power plants of particularly important socio-economic, defense or security significance;

Article 17. Operation principles

1. To ensure publicity, equality, fair competition, non-discrimination among subjects participating in the electricity markets.

Article 21.- Operation of, administration of transactions on, the electricity markets

2. Major contents of administering transactions on the electricity markets include:

d) Receiving and handling proposals related to electricity trading transaction activities in the electricity markets in order to ensure the stability and efficiency and prevent acts of unfair competition;