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Briefly
After surveying greater than 2500 SMEs in Vietnam, the authority discovered that SMEs typically wouldn’t have a excessive stage of consciousness of the legislation. The regulator additionally printed papers on the state of competitors in two sectors. The annual report consists of consolidated and printed statistics by the VCCA and MOIT.
This replace was printed as a part of our quarterly e-newsletter, Asia Pacific Competitors Highlights. Click on right here to entry the complete report, which covers essentially the most notable antitrust developments throughout 9 Asia Pacific jurisdictions.
Contents
- VCCA experiences on competitors legislation consciousness of SMEs
- VCCA experiences on industrial actual property markets
- 2021 report on Vietnam competitors legislation printed
- Associated alerts
The Vietnam Competitors and Shopper Authority (VCCA) cooperated with Japan Worldwide Cooperation Company (JICA) to conduct a survey of greater than 2500 SMEs in Vietnam and has reported that SMEs typically wouldn’t have a excessive stage of consciousness:
- 32.96% of surveyed SMEs had good consciousness or greater, 50.7% of surveyed SMEs have common consciousness, whereas 16.34% of SMEs have by no means heard of competitors legislation.
- 65.63% of enterprises had been conscious that the MOIT (VCCA) is the related competitors regulator; 24.78% of enterprises didn’t know, whereas the remaining 9.59% gave the improper reply.
The report additionally famous the affect of the pandemic on SMEs. Over 60.5% of SMEs needed to shorten working hours. Through the peak interval of the pandemic in 2020-2021, factories needed to droop 50-80% of their workers and dismiss 10% of their workers.
Extra info might be discovered right here.
The VCCA, in a report printed in cooperation with JICA, discovered that the urea fertilizer market might be thought of as a single product market:
- the market is pushed by the manufacturing course of. As a result of naturally excessive boundaries for market entry, the urea fertilizer market has an oligopolistic construction, with market energy held by the group of producing enterprises
- Vietnam has 4 home urea fertilizer factories with a complete capability of about 2,270 tons/12 months. Even with the bottom proportion of imports of all fertilizer teams, nearly all of provide available in the market comes from home manufacturing
- By way of wholesale provide, manufacturing enterprises primarily distribute urea fertilizer by means of two main strategies: (i) system of distributors/commerce companions and (ii) distribution of merchandise by means of its affiliated firms
- By way of retail provide, urea fertilizer retail markets are lively with the participation of many suppliers and distributors nationwide.
The report additionally presents coverage and legislative suggestions to state businesses:
- A database needs to be established to observe the urea fertilizer market. As a result of excessive stage of focus and direct affect on farming actions, it’s vital to make sure a good and equal aggressive atmosphere.
- Competitors legislation advocacy and consciousness needs to be strengthened. Companies needs to be aware of high-risk provisions in agreements, together with price-fixing, market allocation and prevention of market entry by different enterprises.
The report consists of consolidated and printed statistics by the VCCA and MOIT.
Areas of focus for MOIT (Ministry of Business and Commerce) included the agreements to limit competitors in gasoline associations in some localities and within the fertilizer market; metal and hog worth improve; the market of constructing supplies to produce the development funding venture of highways on the North-South East route; commercial displaying indicators of unfair competitors for selling practical meals, medicine, merchandise with inflated options associated to the Covid-19 pandemic.
Enterprises have continued to hold out M&A actions to restructure enterprise actions or to cooperate with third events to develop and broaden. In 2021, the MOIT obtained and reviewed 130 notifications, almost double 2020 figures:
- over 70% of those transactions had been carried out in Vietnam
- 82% of notified transactions had been acquisitions
- 61% of notifications concerned horizontal financial focus between enterprises in the identical related market.
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