Issues Related to Competition Laws

Vietnam

G. Other laws and regulations

(i) Structural economic reform efforts have been made with a view to establishing a market economy with various economic sectors by issuing the Law on Co-operatives, the Law on Bankruptcy of Enterprises and recently the Law on Enterprises..... The Government has also made considerable efforts to re-organise State-owned enterprises, equitise State-owned enterprises, create fair and healthy competition environment.

(ii) Vietnam's Ministries/ Departments have been reviewing legal documents and regulations that govern various areas such as: export and import, customs, investment, finance and banking... to eliminate overlapping legal documents, identifying and amending regulations that impede business activities, goods circulation cause difficulties for manufacturers and consumers.

(iii) In terms of anti non-competitive activities, the Ministry of Finance has promulgated Circular No. 128/1998/TT-BTC on administrative penalties violations in tariffs area such as wrong declaration for tax evasion, forged documents, accounting irregularities ...