Currently, the efficiency of resolving disputes by arbitration, in particular and by alternative disputes resolutions (be abbreviated to “ ADRs ”), in general has been recognized by business community. Accordingly, not only did the number of cases resolved through arbitration and mediation significantly increase, but there was also a diversity of industries and parties’ nationalities.
The Vietnam CISG Pre-Moot has been successfully taken place for five seasons. Embarking on the next leg of this journey, Vietnam CISG Pre-Moot 2024: Enigmatrix has officially kicked off, welcoming outstanding candidates - brave warriors who will use their legal knowledge and skills to resolve disputes in international trade. This year, Vietnam CISG Pre-Moot 2024 will continue as a mock arbitration hearing based on cases concerning the 1980 Vienna Convention. Foreign Trade University, Vietnam International Arbitration Centre (VIAC), and other organizing committees aspire that Vietnam CISG Pre-Moot 2024 will serve as a stimulating academic platform for students to enhance their legal knowledge and skills while expanding their network with other students and professionals.
Seminar on dispute resolution strategies for enterprises in the Asia-pacific region: International arbitration and alternative dispute resolutionsDec 18, 2023
As per the Regional Economic Outlook, Asia and Pacific report published by the International Monetary Fund (IMF) in October 2023, the Asia-Pacific region maintains its economic dynamism despite the ongoing challenges anticipated in the global economy in the near future. Furthermore, numerous Free Trade Agreements (FTAs) have been established and put into effect by regional countries, contributing to the institutionalization of the region and facilitating trade and investments among contracting parties. Concurrently, Asia-Pacific's vibrant economy has also attracted considerable interest from major economies, firmly solidifying its role as an important force driving global economic growth. Nonetheless, being a potential and attractive investment region, Asia-Pacific has experienced a rising volume of transactions, marked by an increase both in value and scale of transactions, as well as potential for legal risks and disputes. Accordingly, there is an urgent need for the development and proficient implementation of alternative dispute resolution (ADR) mechanisms alongside conventional methods to address disputes arising from international transactions.
Following the COVID-19 pandemic, international trade witnessed a robust recovery and growth, resulting in a significant increase in both the number and value of transactions. Consequently, the number of disputes has also increased, with a concomitant increase in complexity. In this context, businesses are particularly interested in resolving disputes effectively through alternative dispute resolution (ADR) methods, particularly mediation and arbitration. In order to use these methods effectively, it is important for businesses and ADR users not only to possess a comprehensive understanding of the fundamental knowledge and skills required, but also need to keep up with the trends in dispute resolution practice.
As the country’s economic locomotive, Ho Chi Minh City has long been considered a preferred destination for many prospective investors. Compared to other areas, Ho Chi Minh City is permitted to implement a specific mechanism that aligns with the city's scale and development orientation. This can be viewed as an opportunity, but simultaneously poses numerous challenges for the business community, investors, especially amidst the unsettled business operation legal framework, which is constantly evolving and reforming.
Launching Seminar of Review Report on PPP Model Contracts and Report on Mobilizing New Financing for Infrastructure Projects in VietnamNov 08, 2023
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:
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.
The Ho Chi Minh City International Construction Arbitration Conference HICAC 2024 will be hosted by the Society of Construction Law - Vietnam (SCLVN), Vietnam International Arbitration Centre (VIAC) and the International Law Faculty of Ho Chi Minh City University of Law