Vietnam Raises Merger Control Thresholds
May 26, 2026
As part of ongoing efforts to reduce administrative procedures and simplify business conditions, on May 18, 2026, the Government issued Resolution No. 66.18/2026/NQ-CP on the decentralization, reduction, and simplification of administrative procedures and business conditions.
The resolution introduces proposed amendments to Vietnam’s merger control filing thresholds by doubling certain financial thresholds that trigger mandatory economic concentration notifications. Below is a comparison of the key threshold changes:
|
Criterion |
Current threshold |
New threshold |
|
Total revenue |
VND 3,000 billion (~USD 116M) |
VND 6,000 billion (~USD 232M) |
|
Total assets |
VND 3,000 billion (~USD 116M) |
VND 6,000 billion (~USD 232M) |
|
Transaction value (deal size)(*) |
VND 1,000 billion (~USD 39M) |
VND 2,000 billion (~USD 77M) |
(*) applicable to domestic transactions only
The combined market share threshold remains unchanged at 20%.
These changes are expected to reduce the number of small-to-medium-sized M&A transactions subject to mandatory merger control filing, helping to streamline transaction timelines and lower deal execution costs. For transactions currently in structuring or due diligence, parties should reassess their filing obligations in light of the new thresholds.
The changes will take effect on July 1, 2026.
Should you have any questions or require assistance regarding the assessment on merger filing and notification (if applicable), please contact our lawyer below:
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