OH masers are signpost of planetary nebulae (PNe) at a very young stage. In particular, Vy 2-2 was the first OH maser-emitting PN ever identified. It consists of a bright compact shell and a faint bipolar structure. The reported values for its O+2/H+ abundance discrepancy factor (ADF) are inconsistent:; 4.3, and; 11.8. To characterize the ionized gas and to redetermine the ADF(O+2), we have obtained medium-resolution optical spectra. We found that the ionized gas is oxygen-rich (C/O; 0.15), and an ADF(O+2); 13.6. Also, the N/O abundance ratio is; 0.39, implying a low-mass progenitor (Mi ≤ 1.5 Me). Unexpectedly, the detection of stellar weak emission lines (wels) suggests that the central star is carbon-rich. Alternatively, the wels may be emitted by an irradiated companion in a post-common envelope system. We have also obtained high-resolution optical spectroscopy on Vy 2-2. Our spectra kinematically resolve the bright shell and bipolar structure. We found that these expand at: 10 and: 20 km s-1, respectively.