Recently, the Judicial Academy and the Vietnam International Arbitration Center have together signed a cooperation agreement.
The ceremony welcomed the presence from the Judicial Academy, Dr. Nguyen Xuan Thu – Director of the Academy and leaders’ representatives of units of Judicial Academy; from Vietnam International Arbitration Center, Dr. Vu Tien Loc – President of VIAC, Lawyer Vu Anh Duong – standing Vice President cum Sectary General, together with representatives of the Center’s units.
In accordance with the Cooperation Agreement, Judicial Academy and Vietnam International Arbitration Center commit to sharing mutual goal, which is to promote activities on research, training, international cooperation in the field of dispute resolution by arbitration and other methods of alternative dispute resolution (ADR). The activities will be conducted regularly according to plan and adjusted to each Party’s agenda, need and capacity in each period on the basis of comprehensive, stable, reliable, equal, mutually beneficial cooperation that is appropriate for the function, mission, authority and regulation of the Parties and in accordance with the laws.
In addition, the Cooperation Agreement also provides the commitments that both Parties will jointly participate in cultural, artistic and sports exchange activities of each Party when invited; assist, facilitate the participation of lecturers, students in practical activities appropriate with the condition and regulation of the law.
At the ceremony, Dr. Vu Tien Loc – President of Vietnam International Arbitration Center expressed his delight at this important event between Judicial Academy and Vietnam International Arbitration Center. Accordingly, the event is the motivation for both Parties to promote research, training activities in the field of dispute resolution by arbitration and other methods of alternative dispute resolution in Vietnam. He hoped that both Parties will act in good faith the agreements towards better mutual goals.
On behalf of the Judicial Academy, Dr. Nguyen Xuan Thu congratulated the two Parties on signing the cooperation agreement, establishing official relations, and promoting the development of the Vietnamese arbitration market in the coming time. The Director of the Judicial Academy believes that the signing of this Cooperation Agreement will create a positive opportunities for both the Judicial Academy and Vietnam International Arbitration Center, bringing practical benefits to both Parties, contributing to the development of the arbitration profession in particular and the Vietnamese judicial system in general.