INSIGHT

Vietnamese competition law reform: what you need to know

By Carolyn Oddie
Consumer law Vietnam Asia

In brief

Vietnam is undertaking a major overhaul of its competition law framework to bring it into line with current international practice.

The fifth draft Law on Competition has been submitted to the Standing Committee of the National Assembly for review. It is expected to pass in May 2018 and become effective from 1 January 2019, replacing the current Law on Competition. The first draft Decree to implement the new Law on Competition has also been released.

We look at the key changes proposed under the Draft Law and the Draft Decree, and their implications.

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