The new Vietnam 2018 Law on Competition will come into force from 1 July 2019.
While big changes have been made to regulating mergers and restrictive agreements, the new 2018 Law on Competition broadly retains the same principles and approach to abuse of dominance found in the 2004 Law on Competition. Importantly, the presumption of dominance is still market-share based, and the distinctions between individual dominance, group dominance and monopoly position have been retained.
This update covers the key differences between the current 2004 Law on Competition and the 2018 Law on Competition, and highlights the key abuse of dominance enforcement trends from the past decade.
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