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

Umut Turksen, Ha T. Nguyen

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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.
Original languageEnglish
Article number01
Pages (from-to)1-32
Number of pages32
JournalVietnamese Journal of Legal Sciences
Volume1
Issue number1
DOIs
Publication statusPublished - 20 Jun 2020

Bibliographical note

Open Access, published under a Creative Commons license CC-BY-NC-ND

Keywords

  • Divestment
  • SOEs
  • Competition
  • energy

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