Cartel conduct criminalised in Vietnam from July 2016
HANOI - From July 1, 2016 onwards, Vietnam’s New Penal Code criminalises cartel conduct and holds both individuals and commercial legal entities liable. For cartel conduct, the main difference between violations of Competition Law and Criminal Law is that the New Penal Code requires additional elements to be proven – that is, gaining from illicit benefits of VND500 million or more (approx. US$22,841)1 or causing losses to other persons of VND 1 billion or more (approx. US$45,683).