Vietnam launches mediation centre for trade-related issues
Oct 26, 2019According to Mr. Tran Huu Huynh, President of the VIAC, Vietnam is considered a country with high and stable economic growth in the region and in the world. The Vietnamese Government has made a number of strong commitments and actions to reform in a more facilitative fashion, aiming to build a favourable business climate for investors, including the finalisation of a legal framework for the methods of settling trade disputes.
Many FDI firms choose commercial arbitration in resolving disputes
Oct 26, 2019Mr. Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Centre (VIAC) said at a recent seminar that the rate of disputes in Vietnam has increased in the last three years with over a half of commercial arbitration cases at VIAC being resolved in foreign languages (mainly English).
Message from the Secretary General 2018
Oct 26, 2019In 2018, towards the 25 th anniversary (28 April 1993 – 28 April 2018), VIAC will keep striving; deserves to be a reliable address and the prioritized selection in any case of disputes. We believe with the solid foundation as well as our determination, VIAC will have a successful new year.
VIAC and THAC signed the Co-operation Agreement
Oct 26, 2019This MoU signals a strengthening of the ties between both institutions to promote and facilitate international arbitration. Under the MoU, both institutions will be able to request for hearing facilities, conduct joint seminars and conferences, share resource persons and jointly promote activities in support of ADR.
VIAC Arbitrator attends the 68th session of Working Group II, UNCITRAL
Oct 26, 2019Following the well-deserved achievement of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York, 1958), it is a concerted attempt to develop the United Nations Convention on International Mediation that the international community has as yet made to establish an effective legal instrument as well as a framework for enforcement of international commercial settlement agreements resulting from mediation (the“Settlement Agreement”).
Mediation and Arbitration: The Differences
Oct 26, 2019Mediation 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.
Promoting Investment among APEC Economies
Oct 26, 2019“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”
Conference on International Arbitration Training Day 2017: Introduction of IBA Soft Law
Oct 26, 2019Mr. 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.”
VIAC welcomed Vice Secretary of Permanent Court of Arbitration
Oct 26, 2019VIAC and PCA agreed to sign a Co-operation Agreement in dispute settlement to improve the quality of arbitral award in PCA, especially with cases with Vietnamese elements such as the parties’ nationality in dispute, the applicable law ...
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