(+84) 96 167 55 66
info@vietanlaw.com

Most Favoured National Principle (MNF) in Viet Nam

General Agreement on Trade in Services (GATS) is an agreement of World Trade Organization (WTO). The agremeent was established to expand the scope of regulation of multilateral trade systems to service fields, not just trade in goods before. The principles in this agreement are mandatorily applied to all members of WTO. GATS prescribed a set of common regulations that all member states must adhere to, including Most Favoured National (MNF).

This is a basic principle of WTO based on the commitment that one country gives to the partner the most profitable incentives that it is and will give to other countries.

In accordance with the GATS, WTO members must treat service suppliers from other member states in the same way. Each member must immediately and unconditionally intended for services and service suppliers of any member, treatment no less favorable than the treatment it provide for the services and the same service suppliers of any other country.

However, MNF principle has the following exceptions.

  • Under the individual commitments in WTO: this is the case where the country has successful in negotiation for the fulfillment of this obligation in certain services or particular cases of years.
  • Under the Regional Agreement or Free Trade Agreement: commitments in these Acts are prioritized apply and therefore member that apply these agreements maybe entitled to each other higher treatment than WTO member not participating in this agreement.

Related Acticle

New updates in Decree 65/2023/ND-CP on the patent in Vietnam

New updates in Decree 65/2023/ND-CP on the patent in Vietnam

On August 23, 2023, the Government issued Decree No. 65/2023/ND-CP detailing industrial property, industrial property protection, and plant variety management. Decree 65/2023/ND-CP replaces Decree No. 103 /2006/ND-CP and a number…
Decree 70/2023/ND-CP amending Decree 152/2020/ND-CP regulating foreign workers working in Vietnam

Decree 70/2023/ND-CP amending Decree 152/2020/ND-CP regulating foreign workers working in Vietnam

Decree 70/2023/ND-CP was issued to amend and supplement 14 points specified in Decree No. 152/2020/ND-CP on the employment of foreigners in Vietnam and recruitment and management. Management of Vietnamese workers…
New points of the Vietnam IP Law 2022 related to industrial designs

New points of the Vietnam IP Law 2022 related to industrial designs

Currently, Vietnam is joining new generation trade agreements including CPTPP, EVFTA, and RCEP and to ensure compliance with international commitments after joining, Vietnam has revised a lot of regulations related…
New points of the Vietnam Intellectual Property Law 2022 related to patent

New points of the Vietnam Intellectual Property Law 2022 related to patent

On June 16, 2022, the National Assembly voted to pass the Law amending and supplementing a number of articles of the Intellectual Property Law. Vietnam’s Intellectual Property Law 2022 takes…
List of certification trademarks of Ho Chi Minh City

List of certification trademarks of Ho Chi Minh City

Nowadays, the number of applications and protection titles for registration of certification trademarks of Ho Chi Minh City, of which ½ of the applications for registration of certification trademarks in…

Hanoi Head-office

#3rd Floor, 125 Hoang Ngan, Hoang Ngan Plaza, Trung Hoa, Cau Giay, Hanoi, Vietnam

info@vietanlaw.com

Ho Chi Minh city office

Room 04.68, 4th Floor, River Gate Residence, 151 – 155 Ben Van Don Street, District 4, HCM, Viet Nam

hcm@vietanlaw.com

SPEAK TO OUR LEGAL CONSULTANTS

English speaking: (+84) 9 61 67 55 66 - Mr Alex - Chairperson (Zalo, Viber, Whatsapp, Wechat)

Vietnamese speaking: (+84) 9 33 11 33 66 - Ms.Thu Ha - Managing Partner (Zalo, Viber, Whatsapp, Wechat)