Settlement of disputes in business investment activities

Settlement of disputes in business investment activities

Disputes related to business investment activities in Vietnam are resolved through negotiation and conciliation. In case of failure to negotiate or mediate, the dispute shall be resolved at arbitration or a court.

Disputes between domestic investors, foreign-invested economic organizations, or between domestic investors, foreign-invested economic organizations, and competent state agencies in relation to operations. Business investment activities in the Vietnamese territory shall be settled through Vietnamese arbitration or Vietnamese courts.

Disputes between investors, of which at least one party is a foreign investor or a foreign-invested economic organization shall be settled through one of the following agencies or organizations:
– Vietnamese court;
– Vietnamese arbitration;
– Foreign arbitration;
– International arbitration;
– Arbitration established by the disputing parties.

Disputes between foreign investors and competent state agencies related to business investment activities in the Vietnamese territory shall be settled through Vietnamese arbitration or Vietnamese courts unless otherwise agreed. Other agreements under contracts or international treaties to which the Socialist Republic of Vietnam is a member have different provisions.