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First unfair competition case handled by the administrative authority in Vietnam

According to domestic media, on September 1, 2006, a fine worth VND10,5 millions (USD660) was imposed by the Inspector of Ministry of Science and Technology (the MoST) on Ha Tay Pharmaceutical Joint-stock Company (HaTay PJSC) for an administrative violation in the field of industrial property and unfair competition. A VND10 millions (USD625) penalty was also imposed on its exclusive distributor, Xuyen A Company. Less than one year after the Decree 120 on Dealing with Breaches of the Competition Law came into effect, a violation of unfair competition law was handled by an administrative authority for the first time in Vietnam.