The bill for the new competition law was approved in last June by the 14th National Assembly at its 5th session with 95.28% of the deputies voting for approval. Compared to the previous Competition Law of 2004, the new law is based on a combination of economic and legal thinking, which emphasises the need to increase enforcement effectiveness. According to Tran Phuong Lan, Head of the Economic Concentration Control Department under the Vietnam Competition Authority, the new law has some major changes compared with the old one, in which, the most important is that the new bill expands the adjustment scope and the objects subjected to the law’s jurisdiction for competitive practices both within and outside the territory of Vietnam when such acts cause or threaten to have an adverse impact on competition in the Vietnamese market.
Read more at-http://en.nhandan.com.vn/business/economy/item/6606902-new-competition-law-covers-foreign-manipulative-behaviours-affecting-vietnam.html
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