Stay up to date with legal developments in Vietnam.
This update sets out the 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.
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.