May 15, 2020
On March 24, 2020, the government of Vietnam issued Decree No. 35/2020/ND-CP detailing a number of articles of the Competition Law (Decree 35). Decree 35 took effect on May 15, 2020, and provides much-needed elaboration on various ambiguous issues under the 2018 Competition Law, which has been in effect since July 1, 2019. Notably, it clarifies the conditions triggering the restrictions on anti-competitive agreements and economic concentration (e.g., M&A transactions).1. Definition of Relevant Market