Guide On Agency and Distribution Legislation in Vietnam

May 23rd, 2024
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Corporate

In Vietnam, there is no explicit general definition of ‘agency’.  An agent is understood to be a type of commercial intermediary. Agency is manifested in several forms. In this chapter, we limit our discussion to commercial agency, the most popular form of agency. Commercial agency is regulated by the Commercial Code.[1] The Commercial Code considers commercial agency to be a commercial act and the rights and obligations of the parties participating in such a relationship are regulated by Articles 166–177.

 

[1] Code No. 35/2005/QH11 (Commercial Code) passed by the 11th National Assembly of Vietnam, at its 7th session on 14 Jun. 2005. The Commercial Code came into effect on 1 Jan. 2006.

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