Vietnam's competition law is poised for big changes, as the new 2018 Law on Competition comes into force from 1 July 2019 onwards.
The latest changes bring greater clarity to regulating restrictive agreements by expressly specifying that extra-territorial practices and vertical agreements are caught. It will also lead to greater coverage of the types of restrictive agreements that are caught by dropping the 30 percent market share safe harbour threshold and expanding the list of per se prohibitions.
This latest issue in our Vietnam Competition Law series focuses on how restrictive agreements are regulated in Vietnam, and highlights the differences between the 2004 Law on Competition and the upcoming 2018 Law on Competition.
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