On 20 June 2023, the National Assembly passed the Law on Protection of Consumers’ Rights (amended), with an effective date of 1 July 2024, replacing the current Law on the Protection of Consumers’ Rights No. 59/2010/QH12. The new law includes 80 articles addressing various issues that will have direct impacts on both onshore and offshore businesses that transact with consumers in Vietnam.
The Ministry of Industry and Trade has recently published the draft law on Protection of Consumers’ Rights. The Draft Law includes a number of proposed changes to the existing product liability and consumer protection framework. If adopted, the Draft Law may have major impacts on the business of companies whose products are produced or sold in Vietnam complying with new requirements under the Draft Law. The MOIT is gathering public comments on the Draft Law until 10 March 2022.