Vietnam to develop comprehensive competition policy in 2017

A recent survey by the World Economic Forum shows that Vietnam ranks 71st in competition in the domestic market, 77th in the efficiency of monopoly prevention, and 64th in distribution market of economic groups among 140 competitive economies worldwide.

The main reason behind these modest rankings is a lack of a comprehensive policy and adequate legislation on competition. The Central Institute for Economic Management (CIEM) reveals that Vietnam will build a policy on comprehensive competition in 2017. Experts have suggested that the government should create an equal playground between State-owned and private enterprises, prevent monopoly, and ensure fair competition.

Source: VOV5