Law / Vietnam

Competition Law, prohibited unfair competition (infringement of confidential business information)

Law on Competition (Law No. 23/2018/QH14), art. 45(1)

In force since .

An unfair competition rule binding private bodies.

Obligation class
Access restriction, Prohibition
Audit expectation
none

What it requires

  • Do not access or collect confidential business information by working against the security measures of the person who holds it.
  • Do not disclose or use confidential business information without the owner's permission.

These lines are LexLint's reading of the law's text.

If you get it wrong

Penalty structure

Maximum fine under Article 111(3) for a violation of the rules on unfair competition.

Rule
Fixed only
As of
Currency
VND
Fixed cap
2,000,000,000

Who enforces it

Enforcement body

The National Competition Commission, an agency under the Ministry of Industry and Trade (art. 46(1)).

What it makes you log

Logging duty

Article 45(1) of the Competition Law lists acts of infringing confidential business information as prohibited unfair competition. It imposes no duty to create, keep, produce or review a log or record, and states no territorial clause.

Kind
None
As of

What this law does

Drafted with AI

Drafted with AI from the cited sources under the direction of UnGovr staff. UnGovr holds editorial responsibility for this page. How this site is made

Research summary

Legal information, not legal advice. This is LexLint's own research summary of a public legal source, and it creates no attorney-client relationship. For decisions that matter, consult qualified counsel in the relevant jurisdiction. About LexLint

Article 45(1) prohibits, as unfair competition, accessing or collecting confidential business information by working against the information owner's security measures, and disclosing or using it without the owner's permission. Article 111(3) sets the maximum fine for a violation of the rules on unfair competition at VND 2,000,000,000.

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