Q&A on Asian Bus.
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What avenues are there for resolution of investment-related business disputes in Vietnam?
- FAQ: VIETNAM
- Date: 15.07.2010
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Under Art 12 of the Law on Investment , a dispute that relates to investment activities in Vietnam will be resolved through negotiation and conciliation, or can be referred to arbitration or a court. A dispute in which one party is a foreign investor or a foreign invested enterprise or any dispute between foreign investors will be resolved by: Vietnamese courts; Vietnamese arbitration bodies; foreign arbitration bodies; international arbitration bodies; or an ad-hoc arbitration tribunal that is established in accordance with the agreement of the disputing parties.
For more details, see Asia Business Guide , [VIT ¶70-003] Civil procedure for foreign companies
