In June 2018, a new Competition Law was passed to replace the 2004 law.
It takes effect in July 2019. Antic competitive practices by local and foreign entities,
including public bodies are covered including offshore practices that harm
competition in Vietnam. the law will be regulated by a new National Competition
Committee (NCC) and Competition
Investigation Agency (CIA) both under the Ministry of Industry and Trade. Anti-comparative
contracts and economic concentration and market abuse are the main thrust of
the law. IP contracts, and control of IP
will likely be areas that could affect IP holders.
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