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Tag Archives: Vietnam

The New VIAC Rules – Effective from 1 March 2017

On 1 March 2017, the new arbitration rules of the Vietnam International Arbitration Centre (VIAC) came into force, replacing the 2012 rules. The 2017 VIAC Rules include the following changes: Multiple Contracts (Article 6) – under the 2017 VIAC Rules parties will now have the opportunity to bring claims relating to more than one contract in a single Request for Arbitration, irrespective of whether the claims are made under one or more arbitration agreement. Consolidation (Article 15) – parties may now agree to consolidate two or more pending VIAC arbitrations

Further improvements to arbitration in Vietnam

The Ministry of Justice in Vietnam (the “MoJ”) has recently taken further steps to promote the greater use of commercial arbitration to settle disputes in Vietnam. In particular, the MoJ has sought to improve the organisation and transparency of the main arbitral centres in Vietnam and ensure that there is an adequate legal framework in place to support the arbitration process. The MoJ’s recent steps include: In June 2013, its request that those arbitration centres publically announce their panels of arbitrators and its publication of such panels on the MoJ’s