Vertical and conglomerate integration in Viet Nam: theory, practice and tendency

Abstract

As a natural tendency, expanding production and technology by vertically increasing the power of companies has become inevitable. Vietnam's integration into the global economy has entered a new stage. These multi-tiered links with new rules create more opportunities and, undoubtedly, impose challenges on Vietnamese businesses. This urges us to gradually improve the legal corridor to adapt to economic integration into the global economy. In general, the economic integration in the world is a field that is concerned by many scholars and researchers. However, the in-depth studies into economic integration on vertical and conglomerate forms have never been properly taken into consideration in Vietnam. In terms of theory and practice, the author will identify groups of issues that need to be concerned for the achievement of effectiveness of an economic integration management policy. With the aim of conducting in-depth research in which the assessment of the advantages, disadvantages and applicability of the economic integration control model under vertical and mixed forms according to US law is performed, the author will make reference to the advances in US law for some constructive proposals to the competition law in Vietnam. The methodology used in this research is: (1) Economics analyst of law: to analyze the models, predict the possibilities and calculate the costs - benefits when analyzing the manifestations of the economic integration cases in Vietnam. (2) Comparative method: Used to compare the legal system and practice of Vietnam with US’s to find out the advantages and limitations in the law of each country. From there, the author will discuss the efficiency of various solutions. (3) Logical method: used to explain to draw conclusions from the analyzed and synthesized theoretical and practical bases. Thereby, the author will boldly gives personal opinions. This thesis gives a thorough and comprehensive study of the provisions of the competition law on economic integration control activities. On that basis, the thesis will contribute to limit the negative impacts of this activity. Moreover, the thesis also gives the provisions of the US competition law in order to draw out progressive legal experience, thereby serving as the basis for acquiring competition law in Vietnam so that it is consistent with the socio-economic conditions. After the epidemic of covid 19, economic integration is an option that businesses often think of in order to concentrate capital, new technology to help improve their competitiveness in the market. The author expect to provide preliminary ideas for a guideline of vertical and conglomerate economic concentration control, contributing to the innovation of Vietnam's socio-economy.