The new Vietnam 2018 Law on Competition will come into force from 1 July 2019.
Apart from restraint of competition provisions (i.e. restrictive agreements, abuse of dominance, merger control) which regulate anti-competitive conduct and maintain competition in the market, the legislation also contains provisions relating to unfair competitive practices designed to protect consumers and enterprises from unfair practices like false advertising, unauthorised use of business secrets, etc.
This update covers the key differences between the current 2004 Law on Competition and the 2018 Law on Competition, and also examines regulatory changes pertinent to the enforcement of the new law.
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