EU helps Vietnam enforce competition law

On December 16, 2014, the Vietnam Competition Council (VCC) and the EU-Vietnam Multilateral Trade Project (EU-MUTRAP) organized a workshop to review 10 years of implementing the competition law in Vietnam, in Ho Chi Minh City.
The competition law was implemented from over 20 years in the Europe, Claudio Dordi, head of the EU-MUTRAP’s Technical Assistance team, said. EU used it as an important tool in free trade agreement negotiations among concerned nations.

Claudio Dordi added: Vietnam is a dynamic country in economic development and international integration. So it is instant for the nation to promote the efficiency of this law if this country want to integrate internationally
Experts of the EU-MUTRAP will help Vietnam Government enhance its capacity of law enforcement in the context of global market integration. With European experience, this process will be shortened, he stressed.
So far, there have been over 100 instances violating the competition law in Vietnam. It’s not a small number.
Another EU-MUTRAP expert, Ms Trinh Minh Hien, said infractions should be publicised and handled as soon as possible to help businesses to create a healthy competition environment in Vietnam.
The competition law is an international law. It was issued on December 3, 2004 with the purpose of restricting unhealthy competition