Competition law vietnam

What is the area of competition law?
Competition law, or antitrust law, has three main elements: prohibiting agreements or practices that restrict free trading and competition between business.
This includes in particular the repression of free trade caused by cartels..
What is the competition law in Vietnam 2004?
The 2004 Law on Competition applies to organisations and individuals conducting business (collectively known as 'enterprises'), enterprises conducting business in State monopoly industries and sectors, and foreign enterprises operating in Vietnam.
It also covers industry associations operating in Vietnam..
What is the competition law in Vietnam?
In particular, Vietnam's Competition Law ensures that no single company is able to establish a monopoly or have a market share that gives it an unfair advantage over another._{Mar 1, 2023}.
The Competition Act, 2002 has the following objectives: To prevent practices that have an adverse effect on competition in the Indian market.
To promote and sustain competition in the Indian market.
To protect the interests of consumers by ensuring the availability of goods and services at competitive prices.

In particular, Vietnam's Competition Law ensures that no single company is able to establish a monopoly or have a market share that gives it an unfair advantage over another.

This Law sets forth anti-competitive practices, economic concentration that causes or may cause anti-competitive effects on the market of Vietnam; unfair

Anti-Competitive Agreements

The new law prohibits certain types of anti-competitive agreements if the firms are in the same market or if the agreements can impact market competitiveness.
Agreements prohibited in case firms are in the same market:.
1) Directly or indirectly fixing prices;.
2) Sharing customers or markets or supply sources; and.
3) Controlling the number of goods .

Economic Concentration

Earlier, economic concentration activities such as mergers, acquisitions, consolidations, and joint ventureswere prohibited in case the combined market shares of the entities were above 50 percent.
Now the combined market share condition has been removed and such activities can be prohibited even if they have a significant competition restraining i.

Exemptions

The new law allows for certain exemptions if they can satisfy certain conditions, such as promoting technical progress or business efficiency.
However, the new law imposes a five-year limit on any exemption.
Extensions are limited to a maximum of five years and the NCC will decide whether to continue the exemption within 90 days prior to its expiry.

Mergers and Acquisitions

Before a merger, acquisition, or joint venture, the entities have to notify the regulator if certain thresholds are crossed such as assets and turnover as per the 2018 Law on Competition.
While not mandatory, a pre-merger consultation with the entities involved and the regulator is helpful to see if there are any issues.
This can be an informal, co.

Regulatory Bodies

Under the new law, the existing Vietnam Competition Authority and the Vietnam Competition Council have been merged to form the National Competition Committee (NCC).
The Competition Investigation Agency has also been established under the NCC; it will be responsible for monitoring and investigating breaches of competition law.
The NCC will be a unit.

Scope of The Law

The new law has expanded its scope and now includes both Vietnamese and foreign companies and individuals in case their actions have – or potentially have – a competition restriction impact on the domestic market.
A competition restriction impact is an influence that will exclude, reduce, or hinder competition in the market.
The government will als.

What are the rights of the National Competition Commission?

The National Competition Commission shall have the right to request the organizations and individuals specified in Clause 1 Article 78 of this Law to provide further information, documents, and evidence to clarify signs of violation.
Article 77.
Complaints against competition cases .

What is anti-competitive practices in Vietnam?

Article 1.
Scope This Law sets forth anti-competitive practices, an economic concentration that causes or may cause anti-competitive effects on the market of Vietnam; unfair competition practices; competition legal proceedings; sanctions against violations of competition law; state management of competition.

What is the 2018 law on competition?

The 2018 Law on Competition expressly expands the provisions to have extra-territorial reach by covering all practices which have or may have a competition restraining impact on Vietnam’s market.

What is Vietnam's competition law?

Vietnam’s Law on Competition came into effect on July 1, 2019, replacing the 2004 version of the law.
In June 2018, Vietnam passed the new regulation, which focuses on competition restraining agreements, market dominance, economic concentration, and unfair practices.

Defunct South Vietnamese ground forces

The Army of the Republic of Vietnam composed the ground forces of the South Vietnamese military from its inception in 1955 to the Fall of Saigon in April 1975.
At the ARVN's peak, an estimated 1 in 9 citizens of South Vietnam were enlisted, and it had become the fourth-largest army in the world composed of Regular Forces and the more voluntary Regional Forces and the Popular Force militias.
It is estimated to have suffered 1,394,000 casualties during the Vietnam War.

National television public broadcaster of Vietnam

Vietnam Television, known by its abbreviation VTV, is the national television public broadcaster of Vietnam.
As the state broadcaster under the direction of the government of Vietnam, VTV is tasked with propagating the views of the Party, policies, laws of the government.