Forum encourages transparent business competition
A forum to introduce a handbook on competition policy and laws in ASEAN for business was held in Hanoi on Nov. 10.
A forum to introduce a handbook on competition policy and laws in ASEAN for business was held in Hanoi on Nov. 10.
The ASEAN Competition Policy and Law Handbook for businesses was compiled by the ASEAN Experts Group on Competition (AEGC), including leaders and senior officials of agencies specializing in competition management in ASEAN member countries, with Vietnam’s leadership. It was made public in an event on the sidelines of the 42 nd ASEAN Economic Ministers’ Meeting (AEM 42) in Da Nang city on Aug. 22-28.
The handbook aims to provide sufficient information related to competition policies and laws in ASEAN member countries to all people who have concerns. It will help raise public awareness and competitive activity and promote a just and transparent competitive environment for regional businesses.
Addressing the seminar, Bach Van Mung, Head of the Competition Management Department of the Ministry of Industry and Trade, emphasized the importance of competition policies and laws in the economic development process of every country, especially in the increasing international economic integration process.
“The handbook’s production is the first step in raising public awareness of competition in regional countries as the target of building an ASEAN economic community with high competitiveness by 2015 is approaching,” Mung said.
The Head of the ASEAN Secretariat’s Competition and Consumers Protection Division, Thitapha Wattanapruttipaisan, shared her idea that the handbook would not only create a foundation for building the ASEAN economic community, but also promote trade and investment relations between ASEAN and its partners.
Together with forum to introduce the handbook in Vietnam , a number of similar forum were also organized in Thailand , Singapore , the Philippines , Indonesia and Malaysia .
According to the Competition Management Department, only four ASEAN members – Indonesia , Singapore , Thailand and Vietnam –
have issued and executed Competition Laws and set up an agency in charge of competition.
Recently, Malaysia made public competition law that is expected to take effect in 2012, while other ASEAN members are drafting their own laws./.
The ASEAN Competition Policy and Law Handbook for businesses was compiled by the ASEAN Experts Group on Competition (AEGC), including leaders and senior officials of agencies specializing in competition management in ASEAN member countries, with Vietnam’s leadership. It was made public in an event on the sidelines of the 42 nd ASEAN Economic Ministers’ Meeting (AEM 42) in Da Nang city on Aug. 22-28.
The handbook aims to provide sufficient information related to competition policies and laws in ASEAN member countries to all people who have concerns. It will help raise public awareness and competitive activity and promote a just and transparent competitive environment for regional businesses.
Addressing the seminar, Bach Van Mung, Head of the Competition Management Department of the Ministry of Industry and Trade, emphasized the importance of competition policies and laws in the economic development process of every country, especially in the increasing international economic integration process.
“The handbook’s production is the first step in raising public awareness of competition in regional countries as the target of building an ASEAN economic community with high competitiveness by 2015 is approaching,” Mung said.
The Head of the ASEAN Secretariat’s Competition and Consumers Protection Division, Thitapha Wattanapruttipaisan, shared her idea that the handbook would not only create a foundation for building the ASEAN economic community, but also promote trade and investment relations between ASEAN and its partners.
Together with forum to introduce the handbook in Vietnam , a number of similar forum were also organized in Thailand , Singapore , the Philippines , Indonesia and Malaysia .
According to the Competition Management Department, only four ASEAN members – Indonesia , Singapore , Thailand and Vietnam –
have issued and executed Competition Laws and set up an agency in charge of competition.
Recently, Malaysia made public competition law that is expected to take effect in 2012, while other ASEAN members are drafting their own laws./.
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