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Japan helps Vietnam implement competition policy
Japan will help Vietnam accelerate the enforcement of its Competition Law as well as competition policy following an agreement signed in Hanoi on September 3.
The Japan International Cooperation Agency (JICA)’s Resident Representative Hiroaki Nakagawa and the Vietnam Competition Administration Department (VCAD)’s Director General Bach Van Mung signed the technical cooperation project “Capacity Building for Enforcement of Competition Law and Implementation of Competition Policy in Vietnam.”
Under the project, to be carried out between September 2008 and June 2010, an experienced expert from the Japan Fair Trade Commission will be sent to Vietnam to work with VCAD.
Training courses and many activities will be conducted to increase the capacity of VCAD’s investigators as well as improving their knowledge of competition law and policy for businesses, consumers and academics.
The Competition Law, which was passed by the National Assembly in December 2004 and took effect in July 2005, is aimed at protecting free competition in business and maintaining a fair playground for enterprises.
VOV
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