Mergers and acquisitions are required to be notified prior to performing the transaction (ex ante) to the VCA if it satisfies the notification thresholds stated below.

• a). Normal Enterprises:

1. Total assets in the Vietnamese market of such enterprise or a group of associated enterprises of which such enterprise is a member reach at least VND 3 trillion in the fiscal year preceding the planned year of economic concentration;
2. Total sales turnover or costs for purchase in the Vietnamese market of such enterprise or a group of associated enterprises of which such enterprise is a member reach(es) at least VND 3 trillion in the fiscal year preceding the planned year of economic concentration;
3. Traded value of economic concentration reaches at least VND 1 trillion;
4. Combined market share of enterprises intending to participate in economic concentration represents at least 20% in a relevant market in the fiscal year preceding the planned year of economic concentration.

• b). An enterprise being a credit institution, an insurance enterprise or a securities company:

1. Total assets in the Vietnamese market of such insurance enterprise or a group of associated insurance enterprises of which such enterprise is a member, or of such securities company or a group of associated securities companies of which such company is a member reach at least VND 15 trillion in the fiscal year preceding the planned year of economic concentration; total assets in the Vietnamese market of such credit institution or a group of associated credit institutions of which such credit institution is a member reach at least 20% of total assets of the system of credit institutions in the Vietnamese market in the fiscal year preceding the planned year of economic concentration;
2. Total sales turnover or costs for purchase in the Vietnamese market of such insurance enterprise or a group of associated insurance enterprises of which such enterprise is a member reach(es) at least VND 10 trillion in the fiscal year preceding the planned year of economic concentration; total sales turnover or costs for purchase in the Vietnamese market of such securities company or a group of associated securities companies of which such company is a member reach(es) at least VND 3 trillion in the fiscal year preceding the planned year of economic concentration; total sales turnover in the Vietnamese market of such credit institution or a group of associated credit institutions of which such credit institution is a member reaches at least 20% of total sales turnover of the system of credit institutions in the fiscal year preceding the planned year of economic concentration;
3. Traded value of economic concentration of such insurance enterprise or securities company reaches at least VND 3 trillion; traded value of economic concentration of such credit institution reaches at least 20% of total charter capital of the system of credit institutions in the fiscal year preceding the planned year of economic concentration;
4. Combined market share of enterprises intending to participate in economic concentration represents at least 20% in a relevant market in the fiscal year preceding the planned year of economic concentration.

• c). In case economic concentration is performed outside Vietnam’s territory, notification thresholds of economic concentration must comply with Point a, b or d, Clause 1, or Point a, b or d, Clause 2, stated-above.

There no notification fees assessed by the VCA, and there no exemptions prescribed under the law.

The notification form is available at https://dichvucong.gov.vn/p/home/dvc-chi-tiet-thu-tuc-hanh-chinh.html?ma_thu_tuc=2.000262. Additional information is found in https://vcc.gov.vn/default.aspx?page=news&do=browse&category_id=e0904ba0-4694-4595-9f66-dc2df621842a&current_id=48caff09-211e-4400-b9b8-ab2de0dfe989.