The National Assembly on 12 June 2018 passed the Law on
Competition No. 23/2018/QH14 ("Law on Competition 2018").
Effective from 1 July 2019, the new law replaced old Law on
Competition No. 27/2004/QH11 ("Law on Competition
2004").The new law has made progressive reforms from the
previous law. Significantly, the Law on Competition 2018: (i)
expands scope of application; (ii) creates and holds the new
competition agency accountable for its duties; (iii) adds new types
of prohibited anti-competitive agreements;(iv) reforms the concept
of enterprise dominance); and (v) introduces the leniency policy to
violators of the law.
Expansion scope of application: the new law shall govern
activities by Vietnamese or foreign entity or individual which have
or may have the "competition restraining impact" to
Vietnam market. The competition authority of Vietnam has the
authority to deal with offshore activities and transactions having
impact on Vietnam market. In addition, the new
