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The Trajectory of Merger Regulation in Transforming Vietnam
In order to distinguish essays and pre-prints from academic theses, we have a separate category. These are often much longer text based documents than a paper.
This thesis investigates how regulatory tensions influence Vietnam’s competition regulation. It focuses on merger regulation – a component of competition regulation – to reveal how the party and state in Vietnam reconcile socialist, developmental and capitalist objectives.
This thesis avoids doctrinal analysis, which omits the important underlying political and economic factors influencing competition and merger regulation. Instead it adopts an institutionalist perspective that examines how political and economic factors create the regulatory logic that shapes the evolution of merger regulation. It compares the US, Japan, China and Vietnam to demonstrate how each variety of capitalism produces its own regulatory logic. Each distinctive type of regulatory logic, it is argued, produces a distinctive type of merger regulation. This analytical approach offers some predictive power to speculate about how Vietnam’s merger regulation is likely to evolve in the future.