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

Tran Thi Nguyet¹ and Tran Anh Vu^2,

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

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

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

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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).