In 2004, Vietnam introduced its merger regulation with the first version of the Competition Law, whose outcomes were criticized for their inefficiency. The current alternative law also leads to making changes in this insufficient merger control. Several studies have presented a more enforceable approach in this replaced version. However, there exists a rare identification of its remaining shortcomings. Basing on the comparative aspect between the old and new versions of merger regulation in Vietnam, this study traces the insight of movement from the static approach to the integrated approach in the world of merger law. Not only does this article position the merits supplied by the merger control in the 2018 law, but it also uncovers several newly emerging issues related to the merger review and then application of merger remedies that would undermine the effective regulation on mergers. The findings mainly focus on the shortage of economic perspectives consumed in the legal designation. Notably, it offers some tentative reform proposals to tame the shortage expression of merger remedy consumption. This will contribute implications and recommendations for successfully implementing the more active merger review with approved appropriate remedies in Vietnam in the future.
Tạp chí khoa học Trường Đại học Cần Thơ
Lầu 4, Nhà Điều Hành, Khu II, đường 3/2, P. Xuân Khánh, Q. Ninh Kiều, TP. Cần Thơ
Điện thoại: (0292) 3 872 157; Email: tapchidhct@ctu.edu.vn
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