Introduction of the report on Mobilizing New Financing for Infrastructure Projects in Vietnam

According to the Global Infrastructure Outlook , Vietnam will need over US$ 600 billion to reach its infrastructure goals by 2040. The traditional sources of funding will be insufficient to address such financing needs. Vietnam’s infrastructure has mostly been financed directly by the government and other public agencies, such as local governments and state-owned enterprises, while private participation has been limited. As government budgets are further burdened by COVID-19-related expenditures, the fiscal ability to fund and finance new infrastructure is increasingly constrained. As a result, the Government of Vietnam needs to identify new ways to mobilize resources for new infrastructure.

Introduction of Review Report on Model Contract for BOT, BLT and O&M Projects in Vietnam

The 2020 Law on Public-Private Partnership (“The 2020 PPP Law”), enacted by the National Assembly on 18 June 2020 and in force as of 01 January 2021, has unified the current regulations governing PPP in many previously issued Laws and Decrees. However, despite recent growth in Viet Nam’s PPP sector, it remains relatively new. Therefore, although legal regulations governing the sector are constantly evolving, they have not kept pace with reality. Moreover, PPP projects often involve large-scale investments with prolonged time and complex legal relationships among diverse entities. Consequently, law enforcement for PPP projects has lately encountered several difficulties, obstacles, and inadequacies.

Launching Seminar of Review Report on PPP Model Contracts and Report on Mobilizing New Financing for Infrastructure Projects in Vietnam

As a part of “ Technical assistance for capacity and resilience enhancement and sustainable development ”, VIAC in coordination with the Vietnam Chamber of Commerce and Industry (VCCI) and the United States Agency for International Development (USAID) did reports on PPP model contracts and mobilizing new financing for infrastructure projects in Vietnam. Through a series of consultation workshops in 2022 and 2023, as well as the advice and consultation of representatives of central and local state agencies, domestic and foreign investors, business associations, research institutes, etc., the authors of these reports made efforts to appropriately include the practice of implementing PPP projects in Vietnam in recent years; thereby, proposing measures and proposals towards further improvement of mechanisms, policies, and legal framework as well as increasing the efficiency of PPP projects in Vietnam.   After a thorough drafting, consultation, and finalization, VIAC and VCCI are going to cohost the “ Launching Seminar on Draft Report on PPP Model Contracts and Report on Mobilizing New Financing for Infrastructure Projects in Vietnam ”, with detailed information as follows:

[VIAC Supporting Events] ADR & Construction Industry in Vietnam: Views from Vietnam & Korea

This event will be hosted by the Society Construction Law Korea (SCL Korea) and the Society Construction Law Vietnam (SCL Vietnam) within framework of the Seoul ADR Festival 2023. With the overarching topic as “ ADR & Construction Industry in Vietnam: Views from Vietnam & Korea ”, practitioners from VIAC, KCAB, SCL KR & VN including lawyers, consultants and in-house counsels share their perspectives and experience in ADR and the Construction Industry in Vietnam.

[VIAC Supported Events] Seoul ADR Festival 2023

Vietnam International Arbitration Centre is pleased to be supporting organization of the Seoul ADR Festival 2023.

The Chairman and President of the Vietnam International Arbitration Centre (VIAC) had a meeting with the newly- accredited Korean Ambassador Extraordinary and Plenipotentiary to Vietnam

On 14th September, 2023, the delegation of Vietnam International Arbitration Centre (VIAC) had a meeting and working session with the newly-appointed Korean Ambassador Extraordinary and Plenipotentiary to Vietnam – Mr. Choi Youngsam. At the meeting, Dr. Vu Tien Loc – Chairman and President of VIAC,  congratulated Mr. Choi Youngsam on his new position.

Workshop on International construction disputes in Vietnam: Practical tips on claims and disputes

With the aim of providing participants with invaluable insights, experiences, and strategies for managing construction disputes within Vietnam and on an international stage, the Vietnam International Arbitration Center (VIAC) in collaboration with the Korea Chamber of Commerce and Industry in Vietnam (KOCHAM) and Lee & Ko law firm organises the workshop titled "International construction disputes in Vietnam: Practical tips on claims and disputes” .

Vietnam International Arbitration Centre (VIAC) and Vietnam Mediation Centre (VMC) have a working session with the Law Society of Singapore

HANOI, Vietnam – On 16 th August 2023, Vietnam International Arbitration Centre (VIAC) and Vietnam Mediation Centre (VMC) warmly welcomed and engaged in a working session with the representative and more than 40 attorney members of the Law Society of Singapore (LSS) at the VIAC’s Head Office in Hanoi.

Holiday annoucement for Vietnam Independence Day