Amendments to the Energy Efficiency Law: Opportunities for Businesses & the Green Economy

Using energy efficiently is not just a cost-saving measure, but a core element in sustainable development strategies for businesses and the economy. On February 24, 2025, the second session of the Digital Technical Working Group 4 on Energy Efficiency took place in Hanoi, discussing significant amendments to the Energy Efficiency Law.

Energy Law Reform: Solid Legal Framework for a Green Economy

According to Ms. Nguyễn Thị Lâm Giang, Director of the Department of Energy Efficiency and Sustainable Development, the amendments to the law aim to promote the green transition, encourage investment in energy-saving technologies, and reduce emissions. This not only helps businesses cut operational costs but also opens up opportunities to attract investment from sustainable development funds.

The Energy Efficiency Law, passed by the National Assembly in 2010 and effective from January 1, 2011, marked an important milestone in building a legal framework for optimizing energy use in industrial, agricultural, transportation, and construction sectors. However, after 15 years, these regulations need adjustments to align with reality, eliminate barriers, and create more favorable conditions for businesses to adopt energy-saving technologies.

Four Key Policy Groups in the Amended Law

According to Mr. Hoàng Việt Dũng, representative of the Department of Energy Efficiency and Sustainable Development, the amended law focuses on four policy groups:

1. Enhancing State Management Efficiency: Perfecting the legal framework to strengthen control and promote energy-efficient use.

2. Management and Development of Energy Consulting Services: Promoting energy audit services, human resource training, and consulting to support businesses in optimizing energy use.

3. Incentives and Financial Support: Issuing policies to encourage investment in energy-saving sectors, including financial support from international funds.

4. Market Transformation and Equipment Efficiency Improvement: Strictly controlling the quality and efficiency of energy-using equipment, aiming for international standards.

These changes not only create a favorable legal corridor but also promote technological innovation, helping businesses enhance their competitiveness in the market.

Vinex's Perspective: Businesses Need to Seize Opportunities

At Vinex, we see that the reform of the Energy Efficiency Law is not just a legal matter but a great opportunity for businesses. Adopting energy-saving technology not only helps reduce costs but also enhances brand image, attracting customers and investors interested in sustainable development.

Vietnam is gradually becoming an attractive destination for green investment flows. Compliance with energy-saving standards can become an important competitive advantage, helping businesses access international markets and meet the stringent requirements of foreign partners.

Conclusion

Amending the Energy Efficiency Law is a necessary step for Vietnam to move closer to the goal of sustainable development. Businesses need to closely monitor these policy changes to seize opportunities, optimize production processes, and enhance their market position.

Vinex is committed to accompanying businesses on their sustainable development journey, providing solutions to optimize energy and enhance operational efficiency. Don't miss this opportunity to lead the trend and build a green future today!

Source: tienphong.vn