News

VIAC & USAID co-hosts the Arbitrator Skills Camp

HANOI, Vietnam – On the morning of 29 November 2023, the Vietnam International Arbitration Centre (VIAC) and the United States Agency for International Development (USAID), in collaboration through a technical assistance mechanism, proudly announced the commencement of “ Arbitrator Skills Camp ”. This training, set to unfold over five consecutive days (from 29 November to 03 December 2023), is dedicated to enhancing the capacity and skills of arbitrators who participate in dispute resolution through arbitration in Vietnam.

VIAC and VCCI cohost Launching Seminar of Review report on public-private partnership (PPP) model contracts & report on mobilizing new financing to infrastructure projects in Vietnam.

HANOI, Vietnam – On the morning of 16 November 2023, Vietnam International Arbitration Centre (VIAC) and Vietnam Chamber of Commerce and Industry (VCCI), with the technical assistance of United States Agency for International Development (USAID), cohosted “Launching Seminar of Review report on Public-private partnership (PPP) model contracts & Report on mobilizing new financing to infrastructure projects in Vietnam”.    

Introduction of the report on Mobilizing New Financing for Infrastructure Projects in Vietnam

According to the Global Infrastructure Outlook , Vietnam will need over US$ 600 billion to reach its infrastructure goals by 2040. The traditional sources of funding will be insufficient to address such financing needs. Vietnam’s infrastructure has mostly been financed directly by the government and other public agencies, such as local governments and state-owned enterprises, while private participation has been limited. As government budgets are further burdened by COVID-19-related expenditures, the fiscal ability to fund and finance new infrastructure is increasingly constrained. As a result, the Government of Vietnam needs to identify new ways to mobilize resources for new infrastructure.

Introduction of Review Report on Model Contract for BOT, BLT and O&M Projects in Vietnam

The 2020 Law on Public-Private Partnership (“The 2020 PPP Law”), enacted by the National Assembly on 18 June 2020 and in force as of 01 January 2021, has unified the current regulations governing PPP in many previously issued Laws and Decrees. However, despite recent growth in Viet Nam’s PPP sector, it remains relatively new. Therefore, although legal regulations governing the sector are constantly evolving, they have not kept pace with reality. Moreover, PPP projects often involve large-scale investments with prolonged time and complex legal relationships among diverse entities. Consequently, law enforcement for PPP projects has lately encountered several difficulties, obstacles, and inadequacies.

The Chairman and President of the Vietnam International Arbitration Centre (VIAC) had a meeting with the newly- accredited Korean Ambassador Extraordinary and Plenipotentiary to Vietnam

On 14th September, 2023, the delegation of Vietnam International Arbitration Centre (VIAC) had a meeting and working session with the newly-appointed Korean Ambassador Extraordinary and Plenipotentiary to Vietnam – Mr. Choi Youngsam. At the meeting, Dr. Vu Tien Loc – Chairman and President of VIAC,  congratulated Mr. Choi Youngsam on his new position.

Vietnam International Arbitration Centre (VIAC) and Vietnam Mediation Centre (VMC) have a working session with the Law Society of Singapore

HANOI, Vietnam – On 16 th August 2023, Vietnam International Arbitration Centre (VIAC) and Vietnam Mediation Centre (VMC) warmly welcomed and engaged in a working session with the representative and more than 40 attorney members of the Law Society of Singapore (LSS) at the VIAC’s Head Office in Hanoi.

Holiday annoucement for Vietnam Independence Day

Vietnam International Arbitration Centre (VIAC) has a working session with the Supreme People’s Court (SPC) regarding the Court’s roles in judicial support and supervision in arbitration

HANOI, Vietnam – On 22 nd June 2023, the Vietnam International Arbitration Centre (VIAC) delegates had a working session with the Chief Justice and the Justice Council of the Supreme People’s Court (SPC). The meeting was initiated and proposed by VIAC with the aim to enhancing and improving the effectiveness of the judicial supervision and assistance with the arbitration procedures in Vietnam, which have required further amendments to become more sufficient and reasonable.

VIAC engaged in a working session with representatives of the Asian Development Bank (ADB)

On 12 July 202 3 , the Vietnam International Arbitration Centre ( VIAC ) had a working session with representatives of the Asian Development Bank (ADB) at the Head Office of VIAC in Ha n oi.