The new competition law will create a legal framework to better manage economic concentration, experts said.
The 14th National Assembly (NA) convened its plenary session on May 24, with debates focusing on amendments of the Law on Denunciations and Competition Law.
Legislators discussed contentious contents of the draft law on the special administrative-economic units of Van Don, Bac Van Phong and Phu Quoc in the morning of May 23, the third working day of the fifth meeting of the 14th National Assembly.
The 14th National Assembly (NA) convened a plenary session in Hanoi on November 15 under the chair of NA Chairwoman Nguyen Thi Kim Ngan.
The Government affirmed its efforts to cut spending in the time to come at the October 23 afternoon session of the ongoing fourth session of the 14th National Assembly.
JX Nippon Oil & Energy is receiving close to $15 million in the first year after acquiring Petrolimex shares. This, coupled with the fact that there are 29 petroleum import-export distributors in Vietnam, makes the petroleum retail market especially lucrative.
The Competition Law was passed 13 years ago, but the number of times the law has been cited to fight against monopoly and collusion has been very modest.
Vietnam will inspect foreign shipping lines for allegedly imposing unreasonable surcharges on local traders, the Government Office said on March 18.
(VOV) - The Vietnam Competition Council (VCC) and the European Trade Policy and Investment Support Project (EU-MUTRAP) reviewed ten years of implementing the Competition Law in the country and lessons learnt at a seminar in Ho Chi Minh City on December 16.
(VOV) -The retail price of gas has just increased by VND80,000 (over US$1.5) per 12kg canister to a record high so far this year, causing difficulties for both gas traders and household consumers.
(VOV) -A delegation of the Vietnam Competition Authority (VCA) is attending the 3rd ASEAN Competition Conference in Singapore on July 4–5.
Recommendations to improve the Law on Competition and its enforcement were made at a workshop in Ho Chi Minh City on December 28.