The following Competition practice note Produced in partnership with DFDL provides comprehensive and up to date legal information covering:
A conversation with David Fruitman, regional competition counsel and senior consultant at regional law firm DFDL on key issues on merger control in Vietnam.
NOTE–to see whether notification thresholds in Vietnam and throughout the world are met, see Where to Notify.
Vietnam recently issued Decree 35 on Detailed Regulations for Implementation of the Law on Competition dated 24 March 2020, (Decree 35) which took effect on 15 May 2020. This was an essential step in commencing the competition regime contemplated under the Law on Competition dated 12 June 2018 (“Competition Law”). Although the Competition Law formally became effective on 1 July 2019, significant and crucial details, particularly with respect to the merger notification regime, were left for later clarification and required the issuance of Decree 35.
We note that, at this time, the regulatory authority under the Competition Law, the National Competition Committee (NCC) has still not been appointed. However, in the interim, the Ministry of Industry and Trade has issued notification guidelines under which it will review notifications until the NCC is functioning. Under the guidelines, the Ministry will pass notifications to its competition and consumer authority, which will check submissions
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