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Formation and development of franchise related regulations in Vietnam

  • DONG-A LAW REVIEW
  • 2020, (88), pp.129-147
  • DOI : 10.31839/DALR.2020.8.88.129
  • Publisher : The Institute for Legal Studies Dong-A University
  • Research Area : Social Science > Law
  • Received : June 29, 2020
  • Accepted : August 11, 2020
  • Published : August 31, 2020

Lee Joonpyo 1

1서울대 아시아연구소 동남아시아센터

Accredited

ABSTRACT

The purpose of this study is to examine the trend of Vietnam's franchise legislation and the main contents of the current Vietnam franchise regulation. In Vietnam, unlike Korea, there is no franchise-related consolidation law. However, the basic law system centered on commercial law is well established. In addition, it not only continuously enacts and revises the enforcement ordinances or enforcement regulations, but also continues to make efforts to develop the franchise industry by easing and eliminating regulations on franchise activities. On the other hand, since Vietnam still chooses to remain a socialistic country, there is a limit to understand the Vietnamese legal system by simply analyzing laws and regulations without understanding Vietnam's unique laws. In addition, after the reform of Doi-Moi, it is undeniable that positive changes, such as decrease in dispute and increase of predictability, can occur in the process of establishing a legal system, but the limits of judicial independence and legal performance remain unsolved. For the continued development of the franchise industry that Vietnam expects, a transparent and accurate legal and institutional foundation must be established beforehand.

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This paper was written with support from the National Research Foundation of Korea.
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