Regulatory capture in Vietnam: In search of fundamental theory

Abstract

Regulatory capture is a sophisticated and perilous form of corruption that threatens the transparency and democracy of the legal system. In Vietnam, research on this issue is limited owing to existing legal gaps and ongoing controversy surrounding its conceptual framework. By employing a synthesis and comparative methodology, this paper aims to provide a more comprehensive and complete overview of the nature, identifying characteristics, and causal conditions of regulatory capture. The findings are expected to advance the theoretical foundations of regulatory capture, while also contributing to the objectives of Resolution No. 66-NQ/TW dated April 30, 2025 of the Politburo on innovation in law-making and enforcement to meet the requirements of national development in the new era (hereinafter referred to as Resolution No. 66-NQ/TW).