Dispute in Vietnam could
be between parties in business transaction, foreign investors and Vietnam
government, or between countries in implementing international treaties.
Forms of Disputes and Approaches to Settlement in
Vietnam
The formation of market economy in Vietnam took place in the
context of the development in the width and depth of the economic ties at a
significant fast pace that make Vietnam an important part of the world supply
chain. Vietnam suppliers could sell the goods and services to the world and the
foreign supplier could also export their goods and services to Vietnam market.
Further, as the Vietnam market opens up, foreign investors could invest through
various forms of investments
in Vietnam i.e. acquire
equities in Vietnam companies, establish business in Vietnam. During this process, disputes are an inevitable result which
has been growing in scale and complexity.
Most should agree that disputes shall be construed as the dissent,
inconsistencies or conflicts of interests, rights and obligations between the
parties in the economic relations at different levels. Accordingly, economic
disputes can have the following basic forms:
-Disputes in business are between the participants in a business
transaction including investments, production to consumption of products or
performance of services on the market for profit purposes i.e. professional and
product liability, debt disputes over a business transaction, franchise
disputes, intellectual property disputes, and disputes over contract for supply
of goods or services…
-Disputes between foreign investors with Vietnam government
agencies, arising in the implementation of the BTO, BT, BOT, and the
implementation of international agreements on promotion and protection
bilateral and multilateral investment i.e. government policy and policy
measures, concession to water and sewerage, power or energy supply, project or
contract payment…
-Disputes between countries in the implementation of the
international bilateral and multilateral agreements.
In Vietnam, as the disputes arise, parties involved could consider
resolving the matters through negotiation, mediation, arbitration, or taking
court actions after taking consideration of various factors including cost,
time, and the complexity of the disputes. ANT Lawyers - law
firm in Vietnam with skillful arbitration lawyers in Vietnam should
be consulted to provide the suitable advice for dispute resolution.
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