Vietnam – Developments in Competition Law and Their Impact on M&A

On 10 February 2023 the Government of Vietnam issued Decree no. 03/2023/ND-CP (the “2023 VCC Decree”) regulating the functions, tasks, powers and organizational structure of the Vietnam Competition Commission (referred as “VCC”) which was previously mentioned in Law on Competition no. 23/2018/QH14 dated 12 June 2018 (the “Law on Competition”).

The article discusses the role and functions of the VCC and the antimonopoly filing thresholds in Vietnam.