What are anticompetitive practices?

Anticompetitive practices are business practices that seek to restrict competition or eliminate competitors in the market. They can take various forms and can be implemented by one or more companies acting in concert.

Here are some examples of anticompetitive practices:

1. Price fixing: When companies agree to fix the prices of the products or services they offer, this limits competition in the market and can lead to higher prices for consumers.
2. Market allocation: When companies agree to divide up geographical markets or market segments, this limits competition and can prevent new entrants from entering the market.
3. Restrictive agreements: When companies agree to limit production, distribution or innovation, this limits competition and can lead to higher prices for consumers.
4. Abuse of dominant position: When a company holds a dominant position in a market and uses this position to exclude or limit competition, this can be considered an abuse of dominant position.

Anticompetitive practices are illegal in many countries because they can harm fair competition and reduce consumer welfare. Competition authorities are responsible for monitoring the market and investigating possible anticompetitive practices.

What are the applicable legal texts in Vietnam and Myanmar?

In Myanmar, the competition law is the "Competition Law 2015". This law was adopted to promote and maintain fair competition in the Myanmar market and to prevent anti-competitive practices that could harm consumers or competitors. The law prohibits anti-competitive practices such as collusion among companies to fix prices, market sharing, and manipulation of public bids. It also establishes a competition authority, the "Myanmar Competition Commission", which is responsible for enforcing the law.

In Vietnam, the competition law is the "Competition Law 2018". This law was adopted to promote and protect fair competition in the Vietnamese market and to prevent anti-competitive practices that could harm consumers or competitors. The law prohibits anti-competitive practices such as price fixing, market sharing, restrictive agreements, and abuse of dominant position. It also establishes a competition authority, the "Vietnam Competition Commission", which is responsible for enforcing the law.

In summary, the competition laws in Myanmar and Vietnam are both aimed at protecting fair competition in the market and preventing anti-competitive practices that could harm consumers or competitors.