Vietnam's new competition law

In June 2018, a new Competition Law was passed to replace the 2004 law. It takes effect in July 2019. Antic competitive practices by local and foreign entities, including public bodies are covered including offshore practices that harm competition in Vietnam. the law will be regulated by a new National Competition Committee (NCC) and Competition Investigation Agency (CIA) both under the Ministry of Industry and Trade. Anti-comparative contracts and economic concentration and market abuse are the main thrust of the law.  IP contracts, and control of IP will likely be areas that could affect IP holders.