<abstract xmlns="http://www.w3.org/1999/xhtml"><p>In its endeavour to attract foreign investment inflows and realise the diversity and security of its energy supply, Vietnam has set out short, medium and long term strategies which have been articulated in a number of legal instruments. These developments include the drive and acceleration of divestment and liberalisation of the energy market and ensuring healthy competition therein. This article provides a critical analysis of the current divestment of state-owned enterprises (SOEs) in Vietnam’s oil and gas sectors. In doing so, it also assesses current state of affairs against the key principles and objectives of competition law. After providing a brief summary of the milestones in the oil and gas sector, the article explains the equitisation in and privatization of SOEs and critiques the implications of these practices against the benchmarks of competition law provisions. After identifying the current problems and future challenges that lie ahead, it provides a number of constructive recommendations for policy development and legal reform.</p></abstract>

In its endeavour to attract foreign investment inflows and realise the diversity and security of its energy supply, Vietnam has set out short, medium and long term strategies which have been articulated in a number of legal instruments. These developments include the drive and acceleration of divestment and liberalisation of the energy market and ensuring healthy competition therein. This article provides a critical analysis of the current divestment of state-owned enterprises (SOEs) in Vietnam’s oil and gas sectors. In doing so, it also assesses current state of affairs against the key principles and objectives of competition law. After providing a brief summary of the milestones in the oil and gas sector, the article explains the equitisation in and privatization of SOEs and critiques the implications of these practices against the benchmarks of competition law provisions. After identifying the current problems and future challenges that lie ahead, it provides a number of constructive recommendations for policy development and legal reform.

Divestment of State-Owned Enterprises and Competition in Oil &amp; Gas Sectors in Vietnam

Vietnamese Journal of Legal Sciences

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Divestment of State-Owned Enterprises and Competition in Oil & Gas Sectors in Vietnam

In its endeavour to attract foreign investment inflows and realise the diversity and security of its energy supply, Vietnam has set out short, medium and long...

Divestment of State-Owned Enterprises and Competition in Oil & Gas Sectors in Vietnam

Published Online: Jun 22, 2020

Page range: 1 - 32

DOI: https://doi.org/10.2478/vjls-2020-0001

Keywords
divestment, SOEs, competition, energy

© 2019 Ha T. Nguyen et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Divestment of State-Owned Enterprises and Competition in Oil & Gas Sectors in Vietnam

Published Online: Jun 22, 2020

Page range: 1 - 32

DOI: https://doi.org/10.2478/vjls-2020-0001

Keywordsdivestment, SOEs, competition, energy

© 2019 Ha T. Nguyen et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
divestment, SOEs, competition, energy