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The Ministry of Industry and Trade’s Competition Management Department (CMD) will for the first time announce the Competitiveness Report in 10 economic areas in late September or early October this year.
The information was released by Tran Phuong Lan, Head of the CMD’s Competitiveness Law Desk, on the sidelines of a ceremony to launch ASEAN’s two new publications in the central city of Danang on Tuesday.
They are the ASEAN Regional Guidelines on Competition Policy and the Handbook on Competition Policy and Law in ASEAN for Business.
The selected areas include aviation, banking, insurance, petrol distribution, telecommunication, cement, steel, chemical fertilizer, cattle-feed and dairy.
According to Lan, these areas are selected because they usually see unsound competitiveness lawsuits or contain unsound competitiveness factors.
The announcement of the Competitiveness Report will provide enterprises with new concepts in business and investment as well as ways to approach to new markets from the angle of the Competitiveness Law, she said.
The CMD will conduct competitiveness researches and supervisions in other economic areas to announce their competitiveness reports annually, he added.
Vietnam’s Competitiveness Law was approved by the National Assembly in December 2004 and officially took effect on July 1, 2005 with focus on preventing monopoly and handling unsound competitiveness cases, thus facilitating the equal participation in the market among businesses as well as protecting customers’ interests.
