Title Page
ABSTRACT
Contents
ABBREVIATION 17
CHAPTER I: INTRODUCTION 19
I. BACKGROUND 19
II. LEGAL CONCEPTS 21
1.1. M&A 21
1.2. Cross-border M&A 27
1.3. Participating Parties 29
1.4. Categories of M&A 32
1.5. The driving forces of M&A 35
CHAPTER II: THE EFFECTS OF M&A ON THE COMPETITION AND THE FUNTIONS OF COMPETITION LAW TO CONTROLLING M&A 43
I. THE EFFECTS OF ECONOMIC CONCENTRATION 43
1.1. M&A as A Form of Concentration 44
1.2. The Effects of M&A on the Participating Companies 45
1.3. The Effects of M&A on the competition environment 47
II. THE ROLES OF MERGER CONTROL REGIMES IN REGULATING M&A 50
CHAPTER III: M&A UNDER MERGER CONTROL IN VIETNAM COMPETITION LAW 53
A. REGULATIONS OF VCL REGARDING M&A AS ECONOMIC CONCENTRATION ACTIVITIES 53
I. M&A TRANSACTIONS THAT ARE SUBJECT TO MERGER REVIEWS 56
II. ECONOMIC CONCENTRATION CONTROL 67
III. EXEMPTION 77
IV. VCA AND OTHER RELEVANT AGENCIES 80
B. ASSESS THE CURRENT PROVISONS OF VCL ON CONTROLLING ECONOMIC CONCENTRION AND REALITY IN APPLYING THESE PROVISONS IN VIETNAM 84
I. M&A TRANSACTIONS SUBJECT TO MERGER CONTROL 84
II. EVALUATING M&A TRANSACTIONS 91
III. EXEMPTIONS 97
IV. THE MODEL OF THE COMPETITION AUTHORITY 102
CHAPTER 4: REFER TO RESPECTIVE REGULATIONS OF SOME OTHERCOUNTRIES 105
I. M&A SUBJECT TO THE MERGER CONTROL 105
1.1. M&A Transaction Carried Out Outside Of Vietnam Territory 105
1.2. To Expand The Form Of M&A Transaction Subject To Control Under VCL 107
II. NOTIFICATION CRITERIA 110
III. SUBSTANTIVE EVALUATION OF M&A TRANSACTIONS 113
3.1. Factors are under consideration in assessment process 116
3.2. Referring to some other countries legislations 116
IV. REMEDIES 125
V. COMPETITIVE AGENCIES 132
CHAPTER 5: PROPOSING SOLUTIONS 134
I. EXPAND THE RANGE AND FORMS OF ECONOMIC CONCENTRATION UNDER CONTROL 134
1.1. To Control M&A Transactions Which Are Proceeded Outside Vietnam But Have Considerable Effects On Competition Restriction In Vietnam Market 135
1.2. Expand The Range And Forms of Transactions Under Control 136
II. NOTIFICATION THRESHOLD 136
III. EXEMPTION 137
IV. EVALUATING IMPACT ON MARKET OF AN M&A TRANSACTION 138
V. REMEDIES 142
VI. COMPETITION AUTHORITY 145
5.1. Independence and Transparence 145
5.2. The Powers and Functions. 147
CHAPTER 6: CONCLUSION 149
BIBLIOGRAPHY 154
A. Legal Documents 154
B. Books 156
C. Journals and reports 158
D. Thesis and Law research 163
E. Cases 165
D. Websites 166
Table 1. Small and medium-sized enterprises 167
Table 2. Overview of Competition Regimes 168
Table 3. Financial Filing Thresholds for Share Acquisitions in... 170