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
  • Mitigating investment risk – treaty planning and damages claims against state entities 27/08/2018 10:27

    What do these three scenarios have in common? An investor is negotiating a contract with a state entity in a high-risk jurisdiction. An investor – an individual or a corporate entity – is considering how to structure its holdings in a tax efficient manner. An investor is facing potential asset nationalisation or breach by a state entity of its contractual obligations.

  • Firms suggested using mediation to resolve commercial disputes 23/08/2018 11:50

    Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Centre (VIAC) and Deputy Director of the VMC, said mediation is appropriate for Asian culture since Asians prefer to settle disputes in a peaceful way. According to Dat, mediation is simply a negotiation with the participation of an independent mediator who can help both parties discuss their matter and reach their own agreement.

  • Simplified procedure for foundation of standard LLCs 26/07/2018 14:37

    The Austrian Parliament recently passed an amendment to the law on limited liability companies (LLCs) aimed at simplifying the foundation of a special kind of LLC. The purpose of the changes – and the simplifications associated with them ­– have been hotly debated.

  • Taxation of bitcoin and other cryptocurrencies 26/07/2018 14:34

    The meteoric rise and subsequent tailspin in the price of bitcoin has incited rampant investment in cryptocurrencies. Over 1,400 coins or tokens are now in circulation. Often lost in the resplendence and chicness of buying and selling cryptocurrencies are the tax consequences.

  • Launching Ceremony of Vietnam Mediation Centre and the Official Release of VMC Mediation Rules 2018 18/06/2018 16:05

    On 29 May 2018, the Vietnam International Arbitration Centre ran the Launching Ceremony of Vietnam Mediation Centre (“VMC”), a division of Vietnam International Arbitration Centre in Hanoi. VMC is the first unit in Vietnam to provide professional service of commercial mediation under the Decree No. 22/2017/ND-CP dated 24 February 2017 on commercial mediation.

  • 1st International ADR Conference at the Dusit Thani 30/05/2018 15:52

    In the conference, Mr. Phan Trong Dat (VIAC Vice General Secretary) presented about the enforcement of Mediated Settlement Agreement in Vietnam. Dat supposed that the enforceability of mediated settlement agreements is maybe the most important factor contributing to the success of mediation.

  • Vietnam launches mediation centre for trade-related issues 30/05/2018 15:31

    According to 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 22/05/2018 14:11

    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).