Mediation and Arbitration: The Differences

Mediation and commercial arbitration are two alternate dispute resolutions (outside courts) recognized by Vietnamese Rules. According to the law, these methods are based on the voluntariness of the agreement between each party and are enforced by number of rules such as: Resolution No.22/2017/NĐ-CP about Mediation and Commercial Arbitration Rules 2010.

Local businesses advised to capitalize on FTAs

Despite its involvement in in numerous Free Trade Agreements (FTAs) and new-generation FTAs, Vietnam has yet to take full advantage of incentivesand opportunities it receives from its participation in FTAs.

Promoting Investment among APEC Economies

“A thorough co-operation in term of economic within APEC is a good sign for development. However, this also leads to the increase of commercial disputes among corporations, businesses in the member countries. Therefore, VIAC will continue to co-operate with other arbitration centres in the region to improve and update its dispute settlement procedure to achieve efficiency and boost the economy within the region”

[Hanoi] FIDIC Asia Pacific Contract Users Conference 2017

Coming to Vietnam! The official FIDIC Asia Pacific Contract Users’ Conference

US-China trade war evolves into battle for power

Last week, international media reported that the Trump administration was considering slapping a 25 per cent tariff on US$200 billion of imported Chinese goods, 10 per cent higher than its initial proposal, in a bid to pressure Beijing to make trade concessions.

Tough odds for VN market upgrade

Việt Nam’s securities market has a 25 per cent chance of being upgraded to the “emerging market” status from its current “frontier market” level by 2021, according to Võ Trí Thành, senior economist at the Central Institute for Economic Management (CIEM) cum VIAC arbitrator.

Conference on International Arbitration Training Day 2017: Introduction of IBA Soft Law

Mr. Vu Anh Duong – Vice President of VIAC said: “The principle of arbitration requires the parties to have an arbitration agreement. It is necessary to draw up an arbitration clause that is legally enforceable and practicable. Therefore, when a dispute arises, it can be resolved by arbitration.”

Forgiving tax debts must be done transparently

A recent proposal by the Ministry of Finance to clear over VNĐ26.5 trillion (US$1.16 billion) of tax arrears, accounting for more than a third of all tax arrears and irrecoverable fines, has raised public concern about the fairness and transparency of handling tax debts.

[Hanoi - HCMC] A Strategic Approach to International Arbitration in Vietnam and Korea: Commerce, Investment and Infrastructure