return icon

VN-US sign MoU on strengthening commercial-investment alternative dispute resolution ecosystem

Vietnam and the US have signed a Memorandum of Understanding to improve Vietnam’s Commercial and Investment Alternative Dispute Resolution Ecosystem.


USAID Vietnam’s Mission Director Ann Marie Yastishock (5th from right) and Deputy Minister of Justice Nguyen Khanh Ngoc (4th from right) sign the MoU, Hanoi, March 8, 2022.

THe MoU was signed by Deputy Minister of Justice Nguyen Khanh Ngoc and United States Agency for International Development (USAID) Vietnam Mission Director Ann Marie Yastishock.

The MoU aims to improve related legislation, such as the adoption of international standards and best practices, strengthening capacity and skills of stakeholders, reinforcing partnerships among stakeholders, and raising awareness among local businesses and other stakeholders of the benefits of alternative dispute resolution.

“Creating an effective alternative dispute resolution ecosystem is critical for developing an enabling business environment that helps spur economic growth,” said USAID Mission Director Yastishock. 

She expressed her hope that the long-term trust and goodwill built through past cooperation will extend to this new collaboration on improving the alternative dispute resolution environment in Vietnam.

The demand for alternative dispute resolution in Vietnam has increased along with the country's strong economic growth and active integration into the global economy.

Vietnam is a signatory to more than 60 bilateral investment treaties and many free trade agreements with investment protection provisions that subject investor-state disputes to arbitration.

In 1995, Vietnam adopted the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, requiring it to recognize and enforce foreign arbitration judgments.

USAID has successfully collaborated in the past with the Ministry of Justice on the USAID Support for Trade Acceleration Plus (STAR Plus) and USAID Governance for Inclusive Growth (GIG) projects.

Source: VGP

USAID helps Vietnam strengthen e-Government capacity

USAID helps Vietnam strengthen e-Government capacity

USAID helps Vietnam strengthen e-Government capacity

USAID funds US$2 million to improve Vietnam’s innovation workforce

USAID funds US$2 million to improve Vietnam’s innovation workforce

The two-year USAID-funded project is expected to support the nation’s strategy on the fourth industrial revolution to advance continued economic transformation./.  


Vietnam's entrepreneurial 'bosses': how are they doing?

There are several famous entrepreneurs in Vietnam who are called “boss”, including Vo Quoc Thang, Tran Dinh Long, Doan Nguyen Duc and Nguyen Duc Thuy.

Automakers facing legal vacuum

The Ministry of Science and Technology will officially lift regulations on the localization ratio in the automobile sector and the levels at which imported vehicle components are knocked down beginning October 1.

Entertainment and cultural events of the week (October 3-9)

Upcoming entertainment and cultural events in Vietnam's major cities on October 3-9.

Autumn on Con Dao

Con Dao is at its peaceful and charming best in the early days of autumn, with clear blue water and romantic sunset.

Digital content firms are at disadvantage in international lawsuits

Many enterprises say that Vietnam lacks effective tools to fight unhealthy competition. There are legal documents to cover the issue but it is difficult to apply and enforce them.

MPI: Growth scenario in 2023 of about 6.5 percent

Assessing that difficulties and advantages will be inextricably intertwined in 2023 but the difficulties will far overweigh the advantages.

HCMC welcomes first group of cruise ship tourists after Covid-19 pandemic

The Saigon Port Joint Stock Company, in collaboration with the Department of Tourism of Ho Chi Minh City and some units, on October 2, held a ceremony to welcome the luxury cruise ship Le Laperouse of Ponant (France).


Investigations on corruption cases to expand: official

Rock tales in Ganh Yen

Ganh Yen is located along the fishing village of Thanh Thuy in Binh Hai Commune, Binh Son District, Quang Ngai Province.


GDP growth to hit 8% this year in base-case scenario: Official

Doan Thien An crowned Miss Grand Vietnam 2022

Doan Thien An, 22-year-old beauty from the Mekong Delta province of Long An, was crowned Miss Grand Vietnam 2022 after surpassing 49 other contestants at the pageant finale in Ho Chi Minh City on October 1.

Vietnam’s GDP growth to be among the highest in SE as int’l organisations forecast

Vietnam’s GDP growth in 2022 and 2023 will be among the highest in Southeast Asian as shown in many international organisations’ forecasts and assessments on the Vietnamese economic outlook.

Amid global unrest, VN billionaires incur huge losses

Despite good news about the economy, including high growth rate and low inflation, stock prices have been sliding all over the globe.

Vietnam needs to expand airport network to relieve pressure on infrastructure

Vietnam ranks No.1 on the list of the 25 countries with the fastest post-pandemic recovery of the domestic aviation market.

Binh Duong lures foreign investors with special care

The southern province of Binh Duong has taken the lead for foreign direct investment (FDI) attraction thanks to its methods of taking care of investors.