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Recent Legal Developments in Vietnam

This update sets out the recent legal developments in Vietnam.

Recent Legal Developments in Vietnam

On 26 September 2019, the Government promulgated Decree No. 75/219/ND-CP to regulate administrative sanctions on violations of the Law on Competition (“Decree 75”). Decree 75 takes effect from 01 December 2019.

Decision of Vietnam Competition Council on GrabTaxi – Uber’s deal

On 11 June 2019, the Viet Nam Competition Council (“VCC”) conducted a closed hearing regarding the alleged economic concentration activity of Grab Taxi Company Limited (“GrabTaxi”) and Uber Viet Nam Limited (“Uber Vietnam”). On 17 June 2019, VCC announced Decision No. 26/QD-HDXL, in which VCC determined that the purchase, transfer and receipt of obligations between GrabTaxi and Uber Vietnam did not constitute an act of economic concentration under the Law on Competition.