INSIGHT

Vietnam reforms its competition law to bring it up to international standards

By Carolyn Oddie
Competition law Consumer law Vietnam Asia

In brief

Vietnam has recently voted to replace its Current Law for competition, which has been in effect for over 12 years, with a New Law. The New Law introduces substantial changes to the country's existing competition framework, with lawmakers striving to match Vietnam's competition governance to international standards. The New Law is effective from 1 July 2019, and various implementing regulations will be issued before then to guide its implementation.

In this publication, we discuss the key changes introduced under the New Law and their implication.