After more than 5 years of implementation, besides the contributions in creating positive changes in environmental protection, the Law on Environmental Protection 2014 (LEP 2014) has also revealed deficiencies, shortcomings and overlaps with other legal provisions such as the Law on Investment, the Law on Public Investment, etc. To overcome the limitations of LEP 2014 and generate new mechanisms in environmental protection, the Law on Environmental Protection 2020 (LEP 2020) was approved by the National Assembly on November 17, 2020. In this article, we will analyze some new points of LEP 2020 that may directly affect businesses.
The article also provides some comments and recommendations for investors and businesses to pay attention to during the investment and implementation of business projects in Viet Nam.
Legal documents guiding the implementation of LEP 2020 will be drafted and issued in 2021. Investors should keep updating the guidelines so that they could comply with the provisions of the law, avoiding risks in business investment activities. With our experience of engagement in the research and development of the LEP, NHQuang&Associates will continue with further updates and information when any relevant guiding document is issued in the coming time.