The Republic of Korea (RoK) government through the Korea International Cooperation Agency (KOICA) has committed non-refundable aid worth 1.5 million USD to help Vietnam boost competition management capacity and fair trading.

The money will fund a project on setting up systems on information management, dealing with issues relating to competition law and providing equipments as well as sending RoK specialists to Vietnam and training Vietnamese staff on competition management in the RoK.

The project is scheduled to run for three years from now till 2014./.