2018 was an extremely busy year of VIAC with 150% effort of us to make it a remarkable 25th anniversary of the Vietnam International Arbitration Centre (1993-2018). Our caseload has reached a new peak of 180 new cases administered by VIAC – the highest number in our 25 years of operation with the total value in dispute at ~ VND 9.5 Tril (~USD 407 Mil) and the biggest case with the involvement of ~USD 145.2 Mil in dispute. Said numbers together with the USD 250 Mil case and over USD 100 Mil cases that VIAC had administered in previous years, again, reaffirm that VIAC is gradually being a reliable name for parties to refer their complex and hundred-mil-USD disputes to for resolution.
2018 was the year of mediation with the launching of Vietnam Mediation Centre (VMC), a division of VIAC to be the first unit to provide the commercial mediation services under the Decree 22/2017/ND-CP to enterprises doing business in Vietnam. With the valuable support from the International Finance Corporation (IFC), a member of World Bank Group, the Rules of Mediation, being announced and came into force as from 1 July 2018, has reflected almost all principles of the UNCITRAL Model law on commercial mediation and strictly in compliance with the Decree 22/2017/ND-CP to ensure the Mediated Settlement Agreements – the outcome of the mediation process at VMC could be conveniently recognized by the Court for its enforcement as regulations under the Chapter 33 of the 2015 Vietnam Civil Procedure Code.