Noncompete Agreement in Vietnam: 10 Critical Insights Foreign Businesses Must Know to Avoid Costly Mistakes

For foreign investors and businesses expanding into Vietnam, understanding noncompete agreement in Vietnam is essential to protect business interests while complying with local legal standards. Whether you are hiring local employees, partnering with Vietnamese businesses, or acquiring companies in the region, noncompete clauses play a key role in safeguarding   trade secrets , market share, and goodwill. However, Vietnam’s legal framework surrounding noncompete agreements remains ambiguous and differs significantly from other jurisdictions …