Vietnam: Adopted Competition Law 2018 (No. 23/2018/QH14) including competition authority governance

On 12 June 2018, the National Assembly adopted Competition Law 2018 (No. 23/2018/QH14) including competition authority governance. This law delineates the composition, responsibilities, and powers of the Commission, which is responsible for enforcing the competition law, investigating violations, and making decisions on competition cases. The objective of the governance structure is to enhance the effectiveness of competition law enforcement and ensure fair competition practices across all sectors in Vietnam.