Journal of Finance and Economics
ISSN (Print): 2328-7284 ISSN (Online): 2328-7276 Website: http://www.sciepub.com/journal/jfe Editor-in-chief: Suman Banerjee
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Journal of Finance and Economics. 2020, 8(4), 190-200
DOI: 10.12691/jfe-8-4-5
Open AccessArticle

Control of the Agreement on Valuation to Restrict Competition in Vietnam - Viewed from Efficiency Standards of Economics

Tran Thi Nguyet1 and Tran Anh Vu2,

1Law Department, National Economics University, Ha Noi, Vietnam

2International School, Thai Nguyen University, Thai Nguyen, Vietnam

Pub. Date: August 19, 2020

Cite this paper:
Tran Thi Nguyet and Tran Anh Vu. Control of the Agreement on Valuation to Restrict Competition in Vietnam - Viewed from Efficiency Standards of Economics. Journal of Finance and Economics. 2020; 8(4):190-200. doi: 10.12691/jfe-8-4-5

Abstract

The article presents in detail the basic theoretical contents of price-fixing agreement, provides analysis by drawings, graphs and specific examples, and discusses price-fixing agreement acts, including: direct price-fixing agreement, indirect price-fixing agreement, price-using agreement to consolidate positions in the relevant market. From these theoretical contents and analysis, the author offers a number of assessments and proposes solutions to adjust Vietnam's competition laws in order to control price-fixing agreements to restrict competition, viewed from the efficiency standards of economics. Some of the issues discussed are: (1) Perfectly competitive market and monopoly market; (2) Direct price-fixing agreements to restrict competition from the viewpoint of economic efficiency; (3) Indirect price-fixing agreements to restrict competition; (4) Price-using agreements to consolidate its position in the relevant market. After offering analysis, discussion and research on issues of price fixing agreements, the article has made a number of author's recommendations on effect assessment content or the ability to cause significant anti-competitive effect of price fixing agreement to restraint competition in Vietnam.

Keywords:
Competition Law 2018 Vietnam competition law price-fixing agreement price-using agreement competition restriction

Creative CommonsThis work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

References:

[1]  National Assembly of Vietnam (2004). Vietnam Competition Law 2004.
 
[2]  National Assembly of Vietnam (2018). Vietnam Competition Law 2018.
 
[3]  National Assembly of Vietnam (2015). Vietnam Penal Code 2015.
 
[4]  Government of Vietnam (2019), Decree No. 75/2019/ND-CP of the Vietnamese Government stipulating sanctions against administrative violations in the field of competition.
 
[5]  Duong Viet Phuong (2019). Agreement on restraint of competition under Vietnam's Competition Law 2018. Master thesis of Economic Law.
 
[6]  Vietnam Chamber of Commerce and Industry - VCCI (2019), Report on the flow of Business Law 2019, Hanoi, December 2019.
 
[7]  OECD (2018), OECD’s review of Competition Law and Policy, http://oe.cd/vtn.
 
[8]  Tran Thi Nguyet (2020). Discussing the core values of the Competition Law 2018. Journal of Human Resources and Social Sciences, (5).