📋 Tender Overview
This morning (August 23), continuing the program of the First Extraordinary Session, 16th National Assembly, under the direction of National Assembly Vice Chairman Nguyen Hong Dien, National Assembly delegates voted to pass the Petroleum Law (amended) with 94.60% of delegates present in favor. Download Minister of Industry and Trade Le Manh Hung presented the Report on explanation, reception and revision of the Draft Law - Photo: chinphu.vn/Nhat Bac Before the National Assembly delegates voted to approve the Draft Petroleum Law (amended), authorized by the Prime Minister, Minister of Industry and Trade Le Manh Hung presented the Report on explanation, reception and revision of the Draft Law. Minister of Industry and Trade Le Manh Hung said, based on the opinions Enthusiastic, profound and responsible comments from National Assembly delegates, verification opinions of National Assembly agencies, the Government has seriously researched, absorbed, fully explained and revised the draft law. On August 14, 2026, the Government submitted Report No. 546 and Report No. 547 to the National Assembly Standing Committee on receiving and explaining the opinions of National Assembly delegates and verification opinions with 07 main content groups including: Firstly, reviewing the unity, constitutionality, legality and compatibility with international treaties, ensuring national defense, security and implementation resources, and reviewing administrative procedures, decentralization, decentralization and requirements on science and technology, innovation, digital transformation, gender equality and ethnic policies. Second, activities of capturing, processing, transporting, pumping and storing CO2. Applying high technology and services, developing offshore energy projects associated with implementing oil and gas activities. Third, regulations strengthen decentralization and decentralization of power to state management agencies on oil and gas and delegate authority to the Vietnam National Energy Industry Group (Petrovietnam). Fourth, incentives in oil and gas activities and resource exploitation policies for mines, mine clusters, and salvage oil and gas blocks. Fifth, issues related to oil contracts Sixth, the preparation, appraisal and approval of the general plan for oil and gas field development, the early exploitation plan of the oil and gas field and the oil and gas field development plan. Seventh, the handling of Petrovietnams expenses and transitional provisions. Download Photo: chinphu.vn/Nhat Bac In particular, according to the Minister of Industry and Trade, there are 3 contents that National Assembly delegates are very interested in: One is about decentralization, delegation of power and the role of Petrovietnam. The outstanding and consistent spirit of the draft law is to increase decentralization of power to the state management agency in charge of oil and gas and to delegate power to Petrovietnam. Simplify procedures to free up resources, along with strengthening inspection and supervision, in accordance with the Partys policies and the reality of implementing oil and gas activities in Vietnam. Some authorities related to national defense, security, and force majeure are still approved by competent authorities to ensure direct control of the State. At the same time, the draft law has been revised in the direction of clearly defining the functions of Petrovietnam, separating the roles of oil and gas contractor and investor from the specific functions assigned by the State. Second, on investment incentive policies in oil and gas activities. According to Minister Le Manh Hung, in reality, oil and gas projects are increasingly moving to deep waters, offshore, with complex geological conditions, large investment capital, long capital recovery period, many small and marginal fields, if applying the usual mechanism will not be effective enough for investors to deploy. Therefore, the draft law stipulates additional preferential policies to encourage the development of small, marginal, deepwater, and offshore mines; increase oil recovery coefficient; Exploiting mines, mine clusters, and oil and gas blocks to attract investment, increase production, and exploit oil and gas to contribute to the state budget. Third, on carbon capture and storage (CCS), developing offshore energy projects, high-tech oil and gas technical services associated with oil and gas activities. The Government has clarified the scope of regulation, only applying to activities directly related to oil and gas activities. Supplementing regulations on carbon credits, responsibilities after mine closure and general use of infrastructure, ensuring safety and not affecting oil and gas activities. At the same time, the Government was assigned to stipulate detailed criteria and mechanisms to encourage the development of high-tech services according to specialized laws. Minister of Industry and Trade Le Manh Hung said that the Government has seriously received and fully explained the opinions of National Assembly delegates, the verification opinions of National Assembly agencies, the conclusions of the National Assembly Standing Committee and revised and completed the draft Petroleum Law (amended). And received very high consensus and consensus from National Assembly delegates. The Petroleum Law (amended) has 12 chapters, 62 articles, an increase of 1 chapter and a decrease of 7 articles compared to the old Petroleum Law. Overall, the Petroleum Law (amended) focuses on 5 major policy groups: Simplifying procedures and increasing decentralization; Complete regulations on contracts and oil and gas activities; investment incentive policies; value chain development, high-tech services and offshore energy; develop a legal framework for emission reduction, capture and storageuu tru carbon.Diep AnhTham khao themSua Luat Dau khi voi tu duy the che kien tao phat trienTham khao themThong nhat trinh Quoc hoi xem xet, thong qua du thao Luat Dau khi (su
