Duc Giang Lao Cai Chemicals was fined for economic concentration violation
Duc Giang Lao Cai Chemicals was fined over VND 1.32 billion for violating regulations on economic concentration. Specifically, the company acquired 100% of the charter capital of Phosphorus 6 JSC (now Phosphorus 6 One Member Co., Ltd.) without notifying the authorities as required by the 2018 Competition Law. The case, investigated in 2024, falls under the chemical sector—one of the industries with the highest number of economic concentration transactions between 2020 and 2024.
Duc Giang Lao Cai Chemicals was fined over VND 1.32 billion for violating regulations on economic concentration. Specifically, the company acquired 100% of the charter capital of Phosphorus 6 JSC (now Phosphorus 6 One Member Co., Ltd.) without notifying the authorities as required by the 2018 Competition Law. The case, investigated in 2024, falls under the chemical sector—one of the industries with the highest number of economic concentration transactions between 2020 and 2024.
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