News

VIAC welcomed Vice Secretary of Permanent Court of Arbitration

07/11/2017 15:18

Last week, Vietnam International Arbitration Centre (VIAC) was honour to welcome Mr. Brooks W. Daly - Vice Secretary of Permanent Court of Arbitration (PCA) and representatives from Ministry of Foreign Affair in its head quarter. Mr. Daly, the Ministry of Foreign Affair’s representatives and VIAC personnel had a short discussion around dispute settlement method in Vietnam and proposed upcoming plans for future co-operation.

From VIAC, Mr. Vu Anh Duong - Vice Secretary cum Permanent Vice President of VIAC has shared some general situation of settling disputes by arbitration and mediation in Vietnam as well as in VIAC. Mr. Duong also introduced VIAC as a non-governmental organization, established besides the Vietnam Chamber of Commerce and Industry. In the past 25 years, VIAC has solved thousands of dispute involving all commercial areas such as trading, transportation, insurance, construction, finance, banking and investment. The parties of dispute came from 60 countries all over the world. Keeping its “Friendliness, Transparency and Efficiency” principal, VIAC has constructed a dispute settlement procedure that centers around the mutual agreement between parties and constantly improved to apply it to the best effect.

Agreed with those statements, Mr. Daly shared “We have spent time studying the development of arbitration in Asia and really impressed by what those arbitration centers have done and are planning to do. The Asia region made a mark for not only its firm foundation but also its expanding rate and the ability to catch the latest trend of international arbitration, making it easier for business community to resolve dispute”. He also added his meeting with businesses and governmental organization during his visit has given him a clear overview of the rising confidence in arbitration in Vietnam. More and more businesses believe that commercial arbitration is an effective way to resolve dispute with trading partner. This is a good sign and could set the base for co-operation between the two organizations in the future.

In the meeting, the two organizations also spent time discussing in details about the co-operation opportunity between VIAC and PCA in the future. As a result, VIAC 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 etc.. The two parties also hope to organize many activities for business, lawyer as well as others related communities to strengthen and improve the knowledge of arbitration and dispute settlement procedure by arbitration in Vietnam.

 

Permanent Court of Arbitration is an inter-governmental organization with 121 member states. Established in 1899 to facilitate arbitration and other forms of dispute resolution between states, the PCA has developed into a modern, multi-faceted arbitral institution perfectly situated to meet the evolving dispute resolution needs of the international community.

Nowadays, PCA provides the dispute settlement service for international dispute between different parties such as nations, governmental, inter-governmental and private organizations. 

 

Vietnam International Arbitration Centre

Share Post
SOME OTHER NEWS
  • Message from the Secretary General 2018 03/04/2018 16:22

    The Government enacted Resolution No. 19/2017/NQ-CP on continuing to implement main duties and solutions for improving business environment and enhancing national competitiveness in 2017 and orientation towards 2020. Consequently, according to the rating report issued by the World Bank, Vietnam has increased 14 levels in terms of business environment index and ranked 68th out of 190 economies in the world.

  • VIAC and THAC signed the Co-operation Agreement 03/04/2018 14:47

    On 15 March 2018, Vietnam International Arbitration Centre (VIAC) welcomed a visit from Thailand Arbitration Centre (THAC) delegates. Mr. Tran Huu Huynh (President of VIAC) and Mr. Pasit Asawawattanaporn (Director of THAC) together with other members of VIAC and THAC attended the meeting and witnessed the signing of the Co-operation Agreement between the two centres.

  • VIAC Arbitrator attends the 68th session of Working Group II, UNCITRAL 01/03/2018 16:03

    From 3-9 February, 2018, at the United Nations Headquarters, New York, PhD., Lawyer Le Dinh Vinh - Director of Vietthink Law Firm cum VIAC Arbitrator has attended the 68th session of Working Group II of the United Nations Commission on International Trade Law (UNCITRAL). The session aims at discussing the Draft Convention of the United Nations on Enforcement of International Commercial Settlement Agreements Resulting from Mediation.

  • Mediation and Arbitration: The Differences 12/12/2017 16:15

    Mediation 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 08/11/2017 15:58

    (Ho Chi Minh City - 4 November 2017) Last week, Vietnam Business Lawyer Club (VBLC) co-operated with Inter-Pacific Bar Association and Vietnam International Arbitration Centre to organize the “Promoting Investment among APEC Economies” Conference. With many interesting discussion panels, the conference attracted lawyers, big corporations and policy makers from all over the region.

  • Conference on International Arbitration Training Day 2017: Introduction of IBA Soft Law 08/11/2017 09:12

    On November 4 in Hanoi, Vietnam International Arbitration Centre (VIAC) in cooperation with the Asia Pacific Arbiration Group under International Bar Association (IBA) organized the International Arbitration Training Day 2017: Introduction of IBA Soft Law. The program attracted a large number of arbitrators, lawyers from Vietnamese businesses. The program aims to assist Vietnamese Businesses in gaining international experience in the use of international arbitration to settle disputes.

  • VIAC welcomed representative delegation of Samsung Vietnam 07/11/2017 15:10

    In the morning of 31 October 2017, the Vietnam International Arbitration Center (VIAC) had a meeting to welcome the visit from Samsung Vietnam’s delegation. Through the conversation, Samsung’s representative - Mr. Han Ki Wook (Legal Director of Samsung Vietnam) had given positive comments on the commercial arbitration trend in Vietnam in recent years. Mr. Han also shared that the progressive method of dispute resolution was the perfect piece for business civilization and he expressed goodwill to have better understanding of  VIAC’s process of dispute resolution. 

  • Explanation and Application of CISG in International commercial contractl 25/09/2017 15:05

    On 12 and 15 September 2017, in Hanoi and Ho Chi Minh City, the CISGVN co-operated with Vietnam Business Lawyer Club (VBLC) to organize the seminar on Explanation and Application of CISG in International commercial contract. Presenting in the seminar was speakers, experts from CISGVN, VBLC, Singapore Management University and Vietnam International Arbitration Centre (VIAC).

    REGISTER EMAIL WITH VIAC