[Vietnam] Policy Note on Decree 35/2020/ND-CP on Competition Law

Download: [Vietnam] Policy Note on Decree 35/2020/ND-CP on Competition Law

Over a year after the passage of the Competition Law, the highly anticipated Decree No. 35/2020/ND-CP on detailed regulations for a few provisions of the Competition Law (“Decree 35”) was finally passed by the Vietnam Government on 24 March 2020. Decree 35 will take effect on 15 May 2020. This Decree provides detailed guidance on, among other things, the specific threshold figures for merger control notification, the definition of “control or influence” for merger control purposes, assessing the significant anti-competitive effects, and measuring market dominance based on “significant market power”.