Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
Issue 3 - Jul/Aug/Sep 2023
 

New Law on Consumer Rights Protection

On 20 June 2023, the National Assembly of Vietnam passed the new Law on the Protection of Consumer Rights ("LPCR"). The LPCR will replace the current Law on the Protection of Consumer Rights that was enacted in 2010. It will take effect from 1 July 2024.


The LPCR was developed to track existing consumer transaction trends, with a focus on online transactions. As such, it introduces specific trader obligations and consumer rights regarding, among others, consumer information and transactions undertaken on digital platforms.


The LPCR also broadens protections to certain classes of vulnerable consumers, as well as increases the role that "social organisations" play in consumer protection.


It is made clearer in the LPCR that it will have extraterritorial effect, meaning both foreign and Vietnam-based traders will be expected to comply with its provisions.


For more information, click here to read our Legal Update.



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

Rajah & Tann LCT Lawyers
Ho Chi Minh City Office
Saigon Centre, Level 13, Unit 2&3
65 Le Loi Boulevard, District 1
HCMC, Vietnam

Hanoi Office
Lotte Center Hanoi - East Tower
Level 30, Unit 3003, 54 Lieu Giai Street., Ba Dinh Dist.,
Hanoi, Vietnam
http://vn.rajahtannasia.com


Contacts:

Dr Chau Huy Quang
Managing Partner
D +84 28 3821 2382
F +84 28 3520 8206
quang.chau@rajahtannlct.com

Vu Thi Que
Partner/Chairwoman
D +84 28 3821 2382
F +84 28 3520 8206
que.vu@rajahtannlct.com

Lim Wee Hann
Partner
D +65 62320606
wee.hann.lim@rajahtann.com

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