By David Fruitman of DFDL Mekong
A brief note on the potential amendments to the Trade Competition Act.
By: David Fruitman
On April 14, 2009, the Vietnam Competition Council (“VCC”) issued a decision after holding its first hearing in relation to an act in restriction of competition. In the public hearing, the VCC fined the Vietnam Air Petrol Company (“Vinapco”) approximately VND 3 billion for abuses of its monopoly position. In addition to the fine, the VCC appears to have approved recommendations of Jetstar Pacific Airlines (“Jetstar”) that Vinapco be split off its parent company Vietnam Airlines, that regulators pay careful attention to its operations and that other firms be allowed to sell jet fuel thereby eliminating Vinapco’s monopoly.
By: David Fruitman
This article provides a summary of the competition law developments in Vietnam as outlined in the monthly Vietnam newsletter over January-May 2009.