News

• European Commission Launches E-Commerce Sector Inquiry

  May 22, 2015

  – The European Commission (the “Commission”) has launched a sector inquiry of the e-commerce sector in Europe. This is a far-reaching competition review of the sector by the European Union (“EU”) competition authority, bringing potentially significant changes to rules and regulations related to selling online in Europe. The inquiry also carries the risk of enforcement action against individual companies for breaches of the EU antitrust rules. It will affect the activities of all international companies engaged in online selling into and within the EU, regardless of their physical location.
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• Imported cars to cost more after tax changes

  May 18, 2015

  – HA NOI — Imported cars are expected to become more expensive by around 5 per cent if the finance ministry’s draft plan to adjust the calculation of special consumption tax on imported automobiles is approved.

  Under the current regulations, the special consumption tax on imported automobiles is calculated on their cost, insurance, and freight value plus current import tariff.
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• Certificates of origin go electronic

  May 16, 2015

  – HA NOI — The Ministry of Industry and Trade officially launched the pilot electronic certificate of origin (C/O) issuance system on May 14, 2015, part of efforts to expand administrative reforms and assist exporters.
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• A special competition plan

  May 2, 2015

  – By this time, Vietnam should come up with an independent agency for competition management to create a favorable business environment.

  Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc is holding a special plan in his hands.
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• The role of competition law in innovation markets

  April 28, 2015

  – The future of the ‘sharing economy’ of ride-sharing apps, accommodation-sharing websites and money lending services will be shaped by how competition law deals with emerging innovators, and how that law changes to take account of innovation.

  Innovators, such as taxi ride-sharing booking company Uber, have faced pressure to conform to existing regulations. Traditional companies have also acted to protect their businesses amidst the threat of new entrants to their market.
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• Five steps forward, four backward

  April 18, 2015

  – The Provincial Competitiveness Index 2014 (PCI 2014), based on the survey of 9,859 private domestic businesses and 1,491 foreign-invested enterprises (FIEs), reveals the comeback of a positive business environment after two years at a historical nadir. The report also records considerable improvements in five of the 10 sub-indices reflecting economic governance, and points out four setbacks in other sub-indices-two of which are vital, namely informal charges, and proactive and creative provincial leadership in solving problems for enterprises.

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• Firms lack awareness of legal rights

  April 11, 2015

  – Though the Laws on Competition and Consumer Rights Protection took effect many years ago, a majority of Vietnamese businesses and consumers do not understand their legal rights, a seminar heard on April 10 in HCM City.
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• Firms lack awareness of legal rights

  April 11, 2015

  – HCM CITY — Though the Laws on Competition and Consumer Rights Protection took effect many years ago, a majority of Vietnamese businesses and consumers do not understand their legal rights, a seminar heard on April 10, 2015 in HCM City.
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