The Vietnam Competition and Consumer Authority has released several documents related to the merger notification regime that was effectively implemented on 15 May 2020, the effective date of Decree 35. As the National Competition Committee has not yet been appointed, the documents clarify that, in accordance with its responsibility under Article 7.2 of the Law on Competition to assist in the administration of competition, the Ministry of Industry and Trade [“MOIT”] has assigned the Department of Competition and Consumer Protection to consider and assess economic concentrations. The documents include the required form of official notification and clarify certain basic elements of the process and procedure for filing notifications. Notifications are to be filed in person, by email or by delivery to the MOIT.
If you have any questions with respect to this update or any other issue in relation to Vietnam’s competition regime and its implications for your business, please feel free to contact Hoang Phong Anh, Partner, (phonganh.hoang@dfdl.com) or David Fruitman, Regional Competition Counsel, (david.fruitman@dfdl.com).
The information provided here is for information purposes only and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.
Contacts
Partner
Regional Competition Counsel & Senior Consultant
