TITLE: Vietnam Amends Administrative Penalties for Competition Law Violations BODY: On April 2, 2026, the Government of Vietnam issued Decree No. 102/2026/NĐ-CP amending and supplementing provisions on administrative penalties for competition law violations under Decree No. 75/2019/NĐ-CP dated September 26, 2019. The decree introduces several key changes to competition enforcement penalties. It increases monetary fines for administrative violations, particularly where an enterprise has zero revenue on the relevant market in the preceding financial year, expanding to cover economic concentration cases where participating enterprises operate on different markets or at different stages of production, distribution or supply chains. The decree clarifies how to calculate total revenue for enterprises participating in economic concentration arrangements. The decree establishes new penalty frameworks for failure to notify economic concentration, with fines ranging from 500 million Vietnamese dong to 2 billion Vietnamese dong depending on enterprise size and market turnover. It also introduces penalties of 1-5 percent of relevant market revenue for violations of economic concentration conditions, alongside remedial measures including mandatory divestiture or asset sales. Penalties for providing false or incomplete information to the National Competition Commission increase to 20-50 million Vietnamese dong. The decree grants the National Competition Commission authority to revoke notifications and decisions if submitting parties provide misleading information affecting assessment outcomes. Additionally, the decree expands payment methods for fines to include direct cash payment at the State Treasury or commercial banks, and electronic transfer through the National Public Service Portal or bank payment services. The decree takes effect on May 20, 2026.

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