Vietnam: New decree issued to amend and supplement the existing legislation on administrative violations in industrial property

On 4 May 2024, the Vietnamese government issued Decree No. 46/2024/ND-CP ("Decree 46") concerning penalties for administrative violations in industrial property. This decree amends and supplements several articles of Decree No. 99/2013/ND-CP, which was previously revised by Decree No. 126/2021/ND-CP ("Decree 99"). Decree 46 will take effect on 1 July 2024.