Introduction
In June 2018, Vietnam introduced a new Competition Law, which came into effect in July 2019, bringing about significant changes to the country’s merger control regime. This guide prepared by FiinGroup and Indochine Counsel offers a succinct overview of Vietnam’s M&A market data, complemented by an in-depth examination of the broad reporting requirements for M&A transactions, formally termed as “economic concentration” transactions in the legislation. Additionally, the guide delves into the inclusion of the qualitative “substantial lessening of competition” (SLC) test. It is vital for parties involved in M&A transactions to familiarize themselves with these extensive filing mandates and understand the severe legal consequences of noncompliance within Vietnam’s jurisdiction.
