Prohibited competition restriction agreements under the 2018 Competition Law

Abstract

The 2018 Competition Law was enacted in the context that Vietnam's economy has been making vigorous changes to integrate into the region and the world. The Law is expected to be an effective tool to contribute to economic regulation and competition maintenance as well as minimisation of market defects. The paper offers an analysis of groups of acts of “prohibited competition restriction agreements” under the 2018 Competition Law. Accordingly, the main contents include: 1) identifying prohibited competition restriction agreements; 2) control of prohibited competition restriction agreements; and, 3) exemption for prohibited competition restriction agreements.