Vietnam joins ASEAN Competition Conference in Singapore
(VOV) -A delegation of the Vietnam Competition Authority (VCA) is attending the 3rd ASEAN Competition Conference in Singapore on July 4–5.
Themed “Moving Towards the Regional Integration of Competition Policy and Law”, the event has brought together 200 government officials, scholars and experts from ASEAN member countries and others.
Delegates heard a report on competition legislation in Southeast Asia, presented by Pham Chau Giang, deputy head of the VCA International Relations Department.
Speakers from Hong Kong (China), the US, Japan, Mexico, New Zealand, and Australia suggested possible mechanisms for regional competition.
They also pointed out potential challenges inherent in the regional economic integration process, especially if the ASEAN Economic Community is established by 2015 as scheduled.
Singaporean Minister of Trade and Industry Lim Hng Kiang affirmed healthy competition mechanisms will help boost the production capabilities and international competitiveness of regional markets.
He called on ASEAN members to develop their competition laws harmoniously, facilitating internal ASEAN trade and investment and expanding the bloc’s presence on the global market.
Five of the ten ASEAN member nations have issued competition laws, with the remaining intending to finalise this legislation by 2015.