Vietnam’s Decree No. 35/2020/ND-CP: Determination of 08 barriers to market entry and expansion

According to Decree No. 35/2020/ND-CP of Vietnam’s Government, barriers to market entry and expansion shall comprise the 08 followings:

1. Legislative barriers that are created by regulatory and policy frameworks, including regulations on import and export duties and quotas; national technical regulations; mandatory requirements and procedures for production and business of products and services; regulations on use of products and services; specialized standards and other administrative decisions of state regulatory authorities.  

2. Financial barriers, including input costs of products and services, enterprise’s accessibility to funds, loans and other capital, credit facilities and financing sources.

3. Initial costs of entry into a market that an enterprise can recover upon market exit.

4. Barriers to access to or keep hold on sources of supply or essential infrastructure for production and business activities; networks for distribution and sale of products and services.

5. Consumption habits.

6. Business practices and customs.

7. Barriers related to exercise of intellectual property rights of organizations and individuals, including author’s rights and other rights pertaining to author’s rights, industrial property rights and plant variety rights under laws on intellectual property rights.

8. Other barriers to market entry and expansion.

View more details at Decree No. 35/2020/ND-CP of Vietnam’s Government effective from May 15, 2020.

Le Hai

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE